Guardian Pharmacy Services, Inc. Reports Third Quarter 2024 Financial Results
Guardian Pharmacy Services, Inc. Class A (GRDN)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Guardian Pharmacy Services, Inc. (“Guardian”) (NYSE: GRDN), one of the nation’s largest long-term care (LTC) pharmacy services companies, today announced financial results for the third quarter ended September 30, 2024.Third Quarter 2024 HighlightsThree Months Ended September 30, 2024Revenue of $314.4 million, an increase of 20% year-over-year, driven by organic growth of the business and the previously announced acquisition of Heartland Pharmacy completed on April 1, 2024. Revenue was also positively impacted by an increase in brand drug usage as well as higher acuity residents requiring more medications.Resident Count of 180,000 at the end of the quarter, an increase of 12% year-over-year, which can be attributed to organic growth of the business and the Heartland Pharmacy acquisition.Net Income (loss) of ($105.8) million, a decrease of $98.8 million year-over-year, primarily attributable to $122.4 million of share-based compensation expense associated
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News
- Guardian Pharmacy Services, Inc. (NYSE: GRDN) had its price target raised by analysts at Truist Financial Co. from $22.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Guardian Pharmacy Services, Inc. to Participate in Upcoming Investor ConferenceBusiness Wire
- Guardian Pharmacy Services, Inc. to Report Third Quarter 2024 Financial Results and Host Conference CallBusiness Wire
- Guardian Pharmacy Services, Inc. (NYSE: GRDN) is now covered by analysts at Stephens. They set an "overweight" rating and a $21.00 price target on the stock.MarketBeat
- Guardian Pharmacy Services, Inc. (NYSE: GRDN) is now covered by analysts at Truist Financial Co.. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
GRDN
Sec Filings
- 11/20/24 - Form 4
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- GRDN's page on the SEC website