Option Care Health Reports 9.0% Revenue Increase for Second Quarter of FY2023 with Total Revenue of USD 1069.1 Million
August 4, 2023
☀️Earnings Overview
On June 30, 2023, OPTION CARE HEALTH ($NASDAQ:OPCH) reported total revenue of USD 1069.1 million for the second quarter of FY2023, representing a 9.0% increase year-over-year. Net income for the quarter was USD 114.4 million, up from 33.9 million in the same quarter of the prior year.
Analysis
GoodWhale has conducted an analysis of OPTION CARE HEALTH’s wellbeing and determined that it is a high risk investment based on its Risk Rating. This rating reflects the financial and business aspects of the company, and GoodWhale has also detected 1 risk warnings in the balance sheet. Those interested can register on the GoodWhale website to check out the particulars of this warning. It is important to note that although there may be risks associated with investing in this company, there can also be promise and potential returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OPCH. More…
| Total Revenues | Net Income | Net Margin |
| 4.13k | 239.96 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OPCH. More…
| Operations | Investing | Financing |
| 389.88 | -64.51 | -88.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OPCH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.32k | 1.85k | 8.2 |
Key Ratios Snapshot
Some of the financial key ratios for OPCH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 137.0% | 9.3% |
| FCF Margin | ROE | ROA |
| 8.5% | 16.9% | 7.2% |
Peers
The company’s competitors include LHC Group Inc, Singapore Paincare Holdings Ltd, and New York Health Care Inc.
– LHC Group Inc ($NASDAQ:LHCG)
LHC Group Inc is a healthcare provider that offers a wide range of services to its patients. Its services include home health, hospice, community care, and other services. The company has a market cap of 5.14B as of 2022 and a return on equity of 5.37%. The company’s main focus is on providing quality care to its patients and their families.
– Singapore Paincare Holdings Ltd ($SGX:FRQ)
Singapore Paincare Holdings Ltd has a market cap of 36.82M as of 2022. The company’s Return on Equity for the same year is 13.23%.
Singapore Paincare Holdings Ltd is a healthcare company that focuses on the provision of pain management solutions. The company offers a wide range of services including pain consultation, pain relief treatments, and rehabilitation programs. Singapore Paincare Holdings Ltd also provides education and training on pain management for both healthcare professionals and the general public.
– New York Health Care Inc ($OTCPK:BBAL)
New York Health Care Inc is a healthcare company with a market cap of 335.37k as of 2022. It has a Return on Equity of 21.67%. The company provides healthcare services to patients in the New York area.
Summary
Investors in Option Care Health were pleased to hear of the company’s successful second quarter of FY2023, with total revenue of USD 1069.1 million, a 9.0% increase from the same quarter of the previous year. Net income for the quarter also increased significantly, from 33.9 million to 114.4 million. As a result, the stock price rose on the same day. Investors with a long-term outlook may want to consider taking a position in Option Care Health, as they can expect strong growth and excellent returns in the coming years.
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