Owens & Minor Stock Price, News & Analysis

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.

Owens & Minor (NYSE-OMI) announced a virtual meeting to discuss its future growth strategy and long-term financial targets. CEO Edward A. Pesicka highlighted a robust performance, projecting adjusted earnings per share exceeding $6.00 by 2026, significantly higher than 2019's adjusted earnings. The company plans to leverage its core business improvements, financial strength, and sustainable growth initiatives, focusing on stakeholder value. The press release notes that GAAP financial forecasting remains impractical due to unpredictable elements, emphasizing reliance on adjusted metrics for future projections.

Owens & Minor reported strong first quarter 2021 financial results, with revenue rising to $2.327 billion from $2.123 billion in 2020. Adjusted net income surged to $111.5 million, translating to $1.57 per share, compared to $2.4 million or $0.04 per share last year. The company has raised its full-year adjusted net income guidance to $3.75 - $4.25 per share due to robust operational execution and favorable market conditions, especially in elective procedures. Additionally, Owens & Minor successfully recapitalized its debt, enhancing financial flexibility.