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BrightSpring Health Services, Inc. Reports First Quarter 2025 Financial Results and Increases Full Year 2025 Guidance
BTSGBrightSpring Health Services(BTSG) GlobeNewswire News Room·2025-05-02 10:00

Core Viewpoint - BrightSpring Health Services, Inc. reported strong financial results for Q1 2025, with significant increases in revenue and adjusted EBITDA, and has raised its full-year guidance for revenue and adjusted EBITDA [1][6]. Financial Performance - Net Revenue for Q1 2025 reached 2,878million,a25.92,878 million, a 25.9% increase from 2,286 million in Q1 2024 [3][6]. - Gross Profit for the same period was 338million,up15.7338 million, up 15.7% from 292 million in Q1 2024 [3][6]. - Net Income from Continuing Operations was 9.2million,aturnaroundfromaNetLossof9.2 million, a turnaround from a Net Loss of 56.0 million in Q1 2024 [3][6]. - Adjusted EBITDA for Q1 2025 was 131million,reflectinga28.2131 million, reflecting a 28.2% increase compared to 102 million in Q1 2024 [4][6]. Segment Performance - Pharmacy Solutions Revenue was 2,532million,up282,532 million, up 28% from 1,977 million in Q1 2024 [5]. - Provider Services Revenue increased by 12% to 346millionfrom346 million from 309 million in Q1 2024 [5]. Guidance and Future Outlook - The company has increased its 2025 Revenue guidance to a range of 12,000millionto12,000 million to 12,500 million, representing a growth of 19.1% to 24.1% [6][14]. - Adjusted EBITDA guidance for 2025 is now set at 570millionto570 million to 585 million, indicating a growth of 23.9% to 27.2% [6][14]. Strategic Initiatives - The planned divestiture of the Community Living business to Sevita is on track to be completed within the year [6].