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You are here: Home / Owens & Minor Reports 1st Quarter 2018 Financial Results

Owens & Minor Reports 1st Quarter 2018 Financial Results

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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Owens & Minor Reports 1st Quarter 2018 Financial Results have 293 words, post on pilotonline.com at May 10, 2018. This is cached page on Vietnam Art News. If you want remove this page, please contact us.

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