Gracy McAllister's questions to Guardian Pharmacy Services Inc (GRDN) leadership • Q1 2025
Question
Gracy McAllister from Truist Securities asked for a breakdown of the strong Resident Count growth between organic and acquisition contributions, and for an update on the M&A pipeline's health amidst economic uncertainties.
Answer
Executive Fred Burke confirmed that organic resident growth met the high single-digit guidance, with the remainder coming from acquisitions. Executive David Morris described the M&A pipeline as 'robust and as strong as it's ever been,' citing pressures on smaller pharmacies as a contributing factor to the strong flow of opportunities.