Earnings ·
Reports Q3 net income of $19.1M, raises full-year revenue guidance to $1.44B-$1.46B
GRDNGuardian Pharmacy Services, Inc.
Guardian Pharmacy Services reported third-quarter net income of $19.1 million and adjusted EBITDA of $33.9 million, up 24% year-over-year. Revenue was $371.1 million, down 2% due to IRA pricing decreases, while residents served grew 7% to approximately 218,000. The company raised its full-year revenue guidance to $1.44 billion–$1.46 billion and adjusted EBITDA guidance to $136 million–$138 million. Guardian also completed acquisitions of Wellness Concepts, Nautilus assets, Van's Institutional Pharmacy, and a new location in Iowa. The company operates as one of the nation’s leading long-term care pharmacy services companies.