Owens & Minor shares slide on FY22 outlook cut

Owens & Minor shares slide on FY22 outlook cut

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  • Owens & Minor Inc(NYSE:OMII) reportedSecond quarter revenue of $2.50 billion, up 0.44% year over yearmissed the consensus of $2.54 billion.
  • Adjusted earnings per share of $0.76 in the second quarter were down from $1.06 a year ago and in line with consensus of $0.76.
  • Gross margin increased 523 basis points to 21.3%. Adjusted operating income declined 1.7% year over year to $113.6 million and margin was 4.5%, down 10 basis points.
  • Patient Direct revenue rose 145% year over year to $573 million, with Byram revenue up 17% and Apria up 4.4% on a pro forma basis.
  • Sales of products & healthcare services were…

Full story available at Benzinga.com



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