Owens & Minor: 4Q Earnings Snapshot

Associated Press
Updated 1 min read
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MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Wednesday reported a loss of $39 million in its fourth quarter.

On a per-share basis, the Mechanicsville, Virginia-based company said it had a loss of 65 cents. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 24 cents per share.

The medical supply distributor posted revenue of $2.19 billion in the period.

For the year, the company reported that its loss narrowed to $62.4 million, or $1.03 per share. Revenue was reported as $9.21 billion.

Owens & Minor expects full-year earnings in the range of 50 cents to 60 cents per share.

Owens & Minor shares have increased 30% since the beginning of the year. The stock has risen 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMI at https://www.zacks.com/ap/OMI

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