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Owens and Minor inc (OMI) |
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Price: $14.3900
$-0.18 
-1.235%
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| Day's High:
| $14.89
| Week Perf:
| -7.1 %
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| Day's Low: |
$ 14.37 |
30 Day Perf: |
-9.95 % |
| Volume (M): |
494 |
52 Wk High: |
$ 28.35 |
| Volume (M$): |
$ 7,104 |
52 Wk Avg: |
$18.90 |
| Open: |
$14.61 |
52 Wk Low: |
$12.36 |
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| Market Capitalization (Millions $) |
1,093 |
| Shares
Outstanding (Millions) |
76 |
| Employees |
17,700 |
| Revenues (TTM) (Millions $) |
10,531 |
| Net Income (TTM) (Millions $) |
-42 |
| Cash Flow (TTM) (Millions $) |
-36 |
| Capital Exp. (TTM) (Millions $) |
202 |
Owens And Minor Inc
Owens and Minor Inc. is a global healthcare services company that operates in the medical distribution industry. The company offers a wide range of products and services, including surgical and exam gloves, procedure kits, sterile procedure trays, orthopedic products, medical surgical supplies, and personal protective equipment (PPE).
Founded in 1882, Owens and Minor has its headquarters in Richmond, Virginia, USA. The company has a presence in several countries, including Europe, Asia, and Latin America, serving over 4,500 healthcare provider customers. Owens and Minor is also listed on the New York Stock Exchange.
The company's mission statement is "Empowering Our Customers to Advance Healthcare," which reflects its commitment to providing healthcare providers with high-quality products and services that improve patient outcomes. Owens and Minor combines its extensive global supply chain network, advanced technology, and clinical expertise to provide customers with comprehensive solutions that address the challenges they face.
Owens and Minor's operations are organized into two main segments - Global Solutions and Global Products. Global Solutions consists of the company's clinical and supply chain solutions, which provide customers with insights and data-driven solutions to drive efficiencies and cost savings across the healthcare supply chain. Global Products, on the other hand, offers a broad range of products, including surgical and exam gloves, surgical instruments, and medical surgical supplies.
Owens and Minor has several strategic partnerships with leading healthcare providers, manufacturers, and vendors, which enable the company to provide its customers with the latest medical products, technologies, and practices. The company also invests heavily in research and development to keep up with the ever-changing healthcare landscape.
In recent years, Owens and Minor has been focused on expanding its capabilities and diversifying its offerings through acquisitions and partnerships. In 2020, the company acquired ArcRoyal, a UK-based supplier of surgical and sterile medical products. The company also formed a strategic alliance with the Global Healthcare Exchange (GHX), a leading provider of supply chain solutions for healthcare providers.
Overall, Owens and Minor is a highly respected and reputable company that is known for its commitment to providing exceptional service and high-quality products to healthcare providers worldwide. The company's focus on innovation, technology, and strategic partnerships has enabled it to stay ahead of the curve in a highly competitive industry.
Company Address: 9120 Lockwood Boulevard Mechanicsville 23116 VA
Company Phone Number: 723-7000 Stock Exchange / Ticker: NYSE OMI
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| Stock Performances by Major Competitors |
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| Announcement
Published Fri, Jun 28 2024 1:00 AM UTC
Bragar Eagel & Squire, P.C., a leading stockholder rights law firm, has announced an investigation into Owens & Minor, Inc. (NYSE: OMI) on behalf of its stockholders. The investigation aims to determine if Owens & Minor has violated federal securities laws or engaged in any other unlawful business practices. This development comes as Owens & Minor recorded a revenue increase...
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| Owens And Minor Inc
In financial news, Owens And Minor Inc, a medical equipment and supplies company, released their financial report for the first quarter of 2024. The report showed a net deficit per share of $-0.29, an improvement from the $-0.32 reported in the same period a year ago. Furthermore, the company's revenue increased by 3.555% to $2.61 billion compared to the previous reporting period.
However, when compared to its competitors in the Medical Equipment & Supplies industry, Owens And Minor Inc underperformed. While the industry saw a business elevation of 6.19% in the corresponding period a year ago, Owens And Minor Inc's growth was lower. In the preceding reporting period, the company reported revenue of $2.66 billion and a bottom line of $0.24 per share.
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| Owens And Minor Inc
Owens & Minor Inc. (OMI), a leading medical equipment and supplies company, recently reported its financial results for the fourth quarter and year ended December 31, 2023. The company's full-year 2023 highlights included consolidated revenue of $10.3 billion and operating cash flow of $741 million. Additionally, they successfully reduced total debt by $403 million and net debt by $577 million. Despite suffering a net loss per common share of $(0.54), adjusted net income per common share reached $1.36.
During this period, OMI reported a significant turnaround in earnings. The company achieved an income per share of $0.24 compared to a loss per share of $-0.73 in the previous year. Moreover, the EPS turned positive from $-0.08 in the previous reporting period. Their revenue also recorded a slight increase, rising by 4.127% to $2.66 billion from $2.55 billion in the same period a year ago. Sequentially, revenue increased by 2.504% from $2.59 billion.
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| Owens And Minor Inc
Owens & Minor Inc (OMI) recently reported its financial results for the fiscal third quarter of 2023, revealing a shortfall per share of $-0.08 compared to $0.16 in the previous year. Despite this decrease, the company experienced revenue growth of 3.768%, reaching $2.59 billion for the reporting period. These positive revenue figures surpass those of its industry counterparts in the Medical Equipment & Supplies sector, which only saw a 2.23% overall business growth during the same timeframe.
In the prior reporting season, Owens & Minor Inc recorded revenue of $2.56 billion and a bottom line of $-0.37 per share. However, for the period between July and September 2023, the company faced a net shortfall of $-6.426 million, marking a significant decrease from the net earnings of $12.497 million reported in the same period the previous year. The company's inventories have also declined to $1,084.4 million compared to the previous quarter and the same period last year.
Operating earnings for Owens & Minor Inc fell by -60.43% to $23.841 million, resulting in a decrease of the company's operating margin from 2.41% in the third quarter of 2022 to 0.92% in the current reporting period. However, there has been progress in the value of accounts receivable, which is still below the previous year's level but has shown improvement sequentially.
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| Owens And Minor Inc
Owens And Minor Inc, a prominent player in the Medical Equipment & Supplies sector, recently reported its financial results for the April to June 30, 2023 fiscal period. The company experienced a decrease in earnings per share compared to the previous year, along with a decline in net profit. Despite moderate revenue growth, the company's top-line increase was below that of its industry peers. These results reflect the challenges faced by Owens And Minor Inc in the current market environment.
Financial Performance:
In the April to June 30, 2023 fiscal period, Owens And Minor Inc reported a shortfall per stock of $-0.37 per share, indicating a decrease compared to $0.37 per share in the same period last year. Furthermore, the shortfall grew from $-0.32 per share from the preceding quarter.
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| Per Share |
Current |
| Earnings (TTM) |
-0.55 $ |
| Revenues (TTM) |
138.59 $
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| Cash Flow (TTM) |
- |
| Cash |
3.21 $
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| Book Value |
11.33 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.55 $
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| Revenues (TTM) |
138.59 $ |
| Cash Flow (TTM) |
- |
| Cash |
3.21 $
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| Book Value |
11.33 $ |
| Dividend (TTM) |
0 $ |
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| Products & Healthcare Services |
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 75.28 % |
of total Revenue |
| Patient Direct |
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24.72 % |
of total Revenue |
| United States |
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97.68 % |
of total Revenue |
| International |
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2.32 % |
of total Revenue |
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On July 23 2024 the Owens And Minor Inc provided following guidance
nnOwens and Minor, Inc. Releases Preliminary Financial Insights for Second Quarter 2024 and Affirms Annual Projectionsnn
Owens and Minor, Inc. has announced preliminary financial outcomes for the second quarter of 2024, providing a glimpse into the company's performance while maintaining its projections for the entire year. The data released on July 23, 2024, offers key insights that are significant for investors and stakeholders, even as complete annual guidance figures are not disclosed in this report.
The Richmond, Virginia-based company emphasized its commitment to transparency by sharing preliminary figures for the quarter ending June 30, 2024. This announcement comes ahead of the anticip...
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