Company Announcements

BrightSpring Health Services Reports Strong Q3 Growth

BrightSpring Health Services, Inc. ( (BTSG) ) has released its Q3 earnings. Here is a breakdown of the information BrightSpring Health Services, Inc. presented to its investors.

BrightSpring Health Services, Inc. is a prominent provider of integrated home and community-based pharmacy and health solutions for complex populations, serving over 400,000 clients daily across all 50 states. During the third quarter of 2024, BrightSpring Health Services reported a significant increase in net revenue to $2,907 million, marking a 28.8% growth compared to the same period last year, attributed to strong performance in their Pharmacy Solutions and Provider Services segments. The company managed to reduce its net loss substantially, from $130.1 million in the third quarter of 2023 to $9.0 million in 2024. Adjusted EBITDA also rose by 15.7%, reaching $151 million. BrightSpring has updated its 2024 full-year guidance, anticipating revenue between $11,000 million to $11,300 million and adjusted EBITDA from $580 million to $585 million. With the strategic focus on expanding scale and operational efficiencies, BrightSpring Health Services remains optimistic about continuing its growth trajectory in 2025.

Related Articles
TheFlyBrightSpring Health reports Q3 adjusted EPS 11c, consensus 17c
TheFlyBrightSpring Health raises 2024 revenue view to $11B-$11.3B from $10.45B-$10.90B
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App