RICHMOND, Va.–(BUSINESS WIRE)–May 10, 2018–Owens & Minor, Inc. (NYSE: OMI) today reported financial results for the first quarter ended March 31, 2018, including consolidated revenues of $2.37 billion, representing an increase of 1.9%, when compared to revenues of $2.33 billion in the first quarter of 2017. Quarterly net income was $8.2 million compared to $18.8 million, or $0.13 per diluted share, compared to $0.31 for the first quarter of last year. Adjusted net income (non-GAAP) was $26.2 million compared to $26.4 million, or $0.43 per share, compared to $0.44 per share in last year’s first quarter. A reconciliation of reported results to adjusted (non-GAAP) measures is included below.Consolidated operating income for the first quarter of 2018 was $24.2 million compared to $35.5 million in last year’s first quarter. Adjusted consolidated operating income (non-GAAP) for the first quarter was $47.6 million compared to $47.7 million for the same period last year.“We are pleased to have completed the acquisition of Halyard Health’s S&IP business, which represents a meaningful step in the evolution of our business. Together, the Halyard S&IP business and Byram Healthcare serve to strengthen and diversify our business model,” said P. Cody Phipps, chairman, president & chief executive officer of… Read full this story
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