Owens & Minor Stock Price, News & Analysis

The Owens & Minor Foundation has announced a $100,000 donation to the National Association of Free and Charitable Clinics (NAFC) to support programs enhancing health equity. This contribution strengthens the foundation's commitment to fostering healthier communities and aligns with NAFC's mission to provide affordable healthcare access to the medically underserved. The donation follows an earlier contribution of $10,000 to assist clinics in Florida affected by Hurricane Ian, reflecting the foundation's ongoing efforts in community support.

Owens & Minor (NYSE:OMI) announced executive changes, with Andrew G. Long appointed as EVP and CEO of the Products & Healthcare Services segment, succeeding Jeffrey T. Jochims. Alexander J. Bruni will take over as EVP and CFO. The company provided preliminary third-quarter financial results, estimating GAAP net income per share between $0.15 and $0.17, and adjusted net income per share between $0.39 and $0.41. Additionally, 2022 guidance was updated, projecting adjusted net income per share to range from $2.50 to $2.60, down from $2.85 to $3.15.

Owens & Minor has received two 2022 Supplier Awards from Vizient, recognizing its commitment to service excellence. The Medical/Surgical Supplier Excellence Award and the Achieve Committed Program Excellence Award for the HALYARD product brand were announced at the Vizient Connections Summit held on September 19-22. These awards highlight Owens & Minor’s performance in cost management and supply chain efficiency, reinforcing their value in healthcare support.

Owens & Minor (NYSE: OMI) announced its participation in the 2022 Baird Global Healthcare Conference on Tuesday, September 13, at 12:15 p.m. EDT. Investors can view the live webcast by visiting the investor relations page on the Owens & Minor website at least ten minutes prior to the presentation. A replay will also be available afterwards. Established in 1882 and headquartered in Richmond, Va., Owens & Minor is a Fortune 500 healthcare solutions company focused on product manufacturing, delivery, and perioperative services, employing over 20,000 team members globally.

Owens & Minor (NYSE: OMI) and Allina Health announced a renewed partnership focused on creating an integrated service model aimed at enhancing supply chain resiliency. This collaboration, evolving from a 20-year relationship, will establish a centralized service center to improve inventory management and communication across Allina Health's network, which includes over 6,000 physicians. The initiative aims to lower inventory costs while increasing transparency and efficiency, ensuring clinical staff receive necessary products promptly.

Owens & Minor reported Q2 2022 results with revenue of $2.5 billion and adjusted EBITDA of $156 million, reflecting a 145% increase in Patient Direct revenue. Despite success in its business segments, the company revised its full-year outlook with adjusted EPS projected between $2.85 and $3.15 due to weak hospital volumes and economic challenges. Key highlights include strong performance from the Byram business and successful integration of Apria, though macroeconomic headwinds and lower elective procedure volumes raised concerns about future growth.

Owens & Minor (NYSE:OMI) announced that David R. Myers, Vice President of National Accounts, was inducted into the Bellwether League Foundation’s Hall of Fame for his contributions to the healthcare supply chain industry. Recognized for his customer-first philosophy and innovative supply strategies, Myers previously served as Chief Procurement Officer, enhancing partnerships during the pandemic. The induction ceremony will take place on October 3, 2022, in Milwaukee, joining a prestigious group of past honorees from Owens & Minor.

Owens & Minor, Inc. (NYSE: OMI) will release its second quarter 2022 financial results before market open on August 3, 2022. A conference call for investors is scheduled for 8:00 a.m. ET the same day, providing insights into the company's performance. Owens & Minor, operating since 1882, specializes in healthcare solutions, including product manufacturing and delivery, healthcare supply, and services. With over 20,000 employees, the company focuses on enhancing supply chain efficiency and improving patient care across various settings.

Owens & Minor (NYSE: OMI) announced the election of Carissa Rollins, former CIO of Illumina, to its Board of Directors effective July 12, 2022, continuing its multi-year Board succession process. Rollins brings over 30 years of experience in enterprise technology, previously leading significant projects at UnitedHealthcare. Mark F. McGettrick has stepped down from the Board on the same date. Both the Board Chair and CEO expressed confidence that Rollins' technical skills and strategic mindset will positively influence the company's growth.