Owens & Minor, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 03, 2022 at 09:03 pm
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Owens & Minor, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 2,406.95 million compared to USD 2,326.53 million a year ago. Net income was USD 39.28 million compared to USD 69.59 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.98 a year ago.
Owens & Minor, Inc. is a global healthcare solutions company providing essential products and services that support care from the hospital to the home. The Company operates through two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a comprehensive portfolio of products and services to healthcare providers and manufacturers. Its portfolio of medical and surgical supplies includes branded products purchased from manufacturers and its own proprietary products. Its service offerings to healthcare providers include supplier management, analytics, inventory management, and clinical supply management. It also offers a variety of programs providing outsourced logistics and marketing solutions to its suppliers as well. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies and a provider of integrated home healthcare equipment and related services.