BrightSpring Health Swings to Q3 Adjusted Profit as Revenue Climbs; Raises 2024 Revenue Guidance

MT Newswires Live11-01

BrightSpring Health Services (BTSG) on Friday swung to Q3 adjusted earnings of $0.11 per diluted share from an adjusted loss of $0.08 per share a year earlier.

Analysts surveyed by Capital IQ expected adjusted EPS of $0.15.

Net revenue for the quarter ended Sept. 30 was $2.91 billion, up from $2.26 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.72 billion.

For full-year 2024, the company said it now expects net revenue of between $11 billion and $11.3 billion, compared with the prior outlook of between $10.45 billion and $10.9 billion.

Analysts polled by Capital IQ expect $10.83 billion.

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