Welcome to our dedicated page for Owens & Minor news (Ticker: OMI), a resource for investors and traders seeking the latest updates and insights on Owens & Minor stock.
Owens & Minor, Inc. (NYSE: OMI) generates a steady flow of corporate, financial, and strategic news as it transitions into Accendra Health, Inc. and refocuses on home-based care. Company press releases and SEC filings describe a multi-step transformation that includes the sale of its Products & Healthcare Services (P&HS) segment, a shift toward a pure play home-based care platform centered on the Patient Direct business, and a corporate name and ticker change to Accendra Health, Inc. and ACH on the New York Stock Exchange.
News related to OMI has recently covered transaction announcements, such as the definitive agreement and subsequent completion of the sale of the P&HS segment to an affiliate of Platinum Equity, along with details of the retained equity stake and associated tax attributes. Earnings releases provide quarterly and year-to-date financial results for continuing operations, which primarily represent the Patient Direct segment and certain functional operations, and discuss management’s views on the company’s financial outlook and strategic priorities.
Investors and observers will also find corporate governance and leadership updates in the news flow, including executive appointments, role changes, and amendments to executive compensation and retirement plans that are connected to the company’s evolving structure. Additional items include announcements of participation in investor conferences, where management presents the company’s strategy and financial profile, and commercial agreements such as the national preferred DME network arrangement involving Apria and Byram with Optum Health.
This news page for OMI serves as a historical archive of Owens & Minor’s communications as it moves toward operating as Accendra Health, Inc. under the ACH ticker. Readers can use it to trace the company’s shift from a combination of hospital-focused distribution and home-based care toward a focused Patient Direct platform, as well as to follow key regulatory filings, transaction milestones, and strategic announcements.
Owens & Minor, Inc. (NYSE: OMI) announced its participation in the Baird’s 2021 Global Healthcare Conference on September 14, 2021. Ed Pesicka, President and CEO, will present at approximately 11:25 AM ET, with a live webcast available on their website under the Investor Relations section. This webcast will be archived for 30 days. Owens & Minor is a global healthcare solutions company based in Richmond, Virginia, with over 15,000 employees serving more than 4,000 customers across various sectors.
Owens & Minor has launched a new online emergency tracker to enhance its emergency preparedness offerings. The tracker was initially piloted during Tropical Storm Elsa and is now live again as Tropical Storm Fred and Tropical Depression Grace threaten Florida. It provides real-time storm updates and details on Owens & Minor’s response strategies. The company emphasizes the importance of emergency readiness and has protocols for various contingencies, including cybersecurity threats. This tool aims to support healthcare customers and ensure swift communication during emergencies.
Owens & Minor, Inc. (NYSE:OMI) has announced the call for nominations for the Earl G. Reubel Awards, which honor excellence in diversity within the healthcare supply chain. The awards will be presented during the virtual Healthcare Supplier Diversity Alliance (HSDA) Conference on September 14, 2021. Categories include Civic Leadership, Large Corporate Leadership, and Diversity Enterprise. Nominations close on August 27, 2021. The awards celebrate individuals and organizations enhancing healthcare delivery and community wellness.
Owens & Minor reported strong Q2 2021 financial results, with revenue reaching $2.49 billion, up 38% year-over-year. GAAP net income from continuing operations was $65.9 million, translating to $0.87 per share, significantly improved from $0.2 million last year. Adjusted EBITDA increased to $127.7 million, with adjustments showing substantial earnings growth. The company affirms its full-year guidance for adjusted EPS between $3.75 and $4.25 and EBITDA of $450 million to $500 million. Additionally, it launched a $10 million non-profit foundation and initiated a pilot program for electric truck deliveries.
Owens & Minor, Inc. (NYSE: OMI) has announced a third quarter 2021 dividend of $0.0025 per share, payable on September 30, 2021, to shareholders of record as of September 15, 2021. This reflects the company’s commitment to returning value to its shareholders. Since its founding in 1882, Owens & Minor has evolved into a FORTUNE 500 global healthcare solutions provider, serving over 4,000 customers worldwide.
Owens & Minor (NYSE: OMI) will announce its Q2 2021 financial results on August 3, 2021, prior to NYSE trading. The company will hold a conference call at 8:30 a.m. EDT for discussions regarding the results. Interested parties can participate via dial-in options, with a replay available for one week. Owens & Minor is a global healthcare solutions company that provides manufacturing, distribution, and technology services to the healthcare industry. With over 15,000 employees, it serves more than 4,000 healthcare customers.
Owens & Minor has launched a pilot program in Southern California using an electric semi-truck to deliver medical products and PPE. The program, developed in partnership with Penske Logistics, began in the second quarter and will run for seven months. The Freightliner eCascadia will operate five days a week along a 152-mile route, stopping at five hospitals. Supported by a $16.8 million grant from South Coast AQMD, this initiative aims to enhance sustainability in healthcare logistics.
Owens & Minor published its first Environmental, Social, and Governance (ESG) Report, highlighting its commitment to ESG principles. The report outlines the company's focus areas: Empowering teammates, Caring for customers and communities, Operating responsibly, and Ensuring environmental stewardship. CEO Edward A. Pesicka emphasized that ESG initiatives aim to drive long-term value across operations. Recognized for its achievements, Owens & Minor received multiple awards, including the Level 5 Green Industry Award and the U.S. EPA SmartWay Excellence Award.
Owens & Minor (NYSE: OMI) received two prestigious awards, the 2021 Supplier Legacy Award and the COVID-19 Award for Most Supportive Supplier, recognizing its crucial role in maintaining healthcare supplies during the pandemic. Premier Inc. presented these awards, highlighting Owens & Minor's innovation and leadership. The company swiftly implemented safety protocols and increased manufacturing capabilities to ensure supply resilience. President and CEO Edward A. Pesicka expressed gratitude for the recognition and reaffirmed the company's commitment to advancing healthcare.
Owens & Minor, Inc. (NYSE-OMI) has launched the Owens & Minor Foundation, aimed at promoting healthier communities through financial support and engagement with charitable organizations. The Foundation focuses on Healthcare, Environment, and Diversity and Inclusion. It is backed by an initial endowment of $10 million and will support initiatives like healthcare access, environmental sustainability, and supplier diversity. Company officials emphasized the Foundation's role in extending Owens & Minor's legacy of community service.