Owens & Minor: 4Q Earnings Snapshot

MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Wednesday reported fourth-quarter net income of $50.7 million, after reporting a loss in the same period a year earlier.

The Mechanicsville, Virginia-based company said it had profit of 72 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $1.14 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The medical supply distributor posted revenue of $2.36 billion in the period.

For the year, the company reported net income of $29.9 million, or 47 cents per share, swinging to a profit in the period. Revenue was reported as $8.48 billion.

Owens & Minor expects full-year earnings in the range of $3 to $3.50 per share.

Owens & Minor shares have decreased 6% since the beginning of the year. The stock has more than tripled in the last 12 months.


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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