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Owens & Minor, Inc. (NYSE: OMI) is a prominent healthcare logistics company specializing in the distribution and logistics of medical products. The company plays a crucial role in ensuring the seamless delivery of vital medical supplies from manufacturers to healthcare providers. With a presence in both the United States and Europe, Owens & Minor operates strategically positioned logistics platforms that serve markets responsible for three-quarters of global healthcare spending.
Headquartered in Richmond, Virginia, this Fortune 500 company boasts annualized revenues exceeding $9 billion. Owens & Minor's diverse customer base includes independent hospitals, large integrated healthcare networks, group purchasing organizations, healthcare product manufacturers, and the federal government.
Owens & Minor operates under two main segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment focuses on the manufacturing and sourcing of medical-surgical products. This segment also provides solutions to prevent healthcare-associated infections across various healthcare settings. On the other hand, the Patient Direct segment delivers disposable medical supplies directly to patients and home health agencies, enhancing the accessibility of essential healthcare products.
Recent achievements include strategic partnerships to expand their reach and optimize their supply chain operations. These initiatives aim to enhance service efficiency, ensuring that patients receive necessary medical supplies promptly and healthcare providers can focus on delivering quality care.
Owens & Minor's unwavering commitment to innovation and quality has positioned it as a leader in healthcare logistics. For more detailed information, visit their official website.
Owens & Minor, Inc. (NYSE: OMI) announced its participation in the Baird’s 2021 Global Healthcare Conference on September 14, 2021. Ed Pesicka, President and CEO, will present at approximately 11:25 AM ET, with a live webcast available on their website under the Investor Relations section. This webcast will be archived for 30 days. Owens & Minor is a global healthcare solutions company based in Richmond, Virginia, with over 15,000 employees serving more than 4,000 customers across various sectors.
Owens & Minor has launched a new online emergency tracker to enhance its emergency preparedness offerings. The tracker was initially piloted during Tropical Storm Elsa and is now live again as Tropical Storm Fred and Tropical Depression Grace threaten Florida. It provides real-time storm updates and details on Owens & Minor’s response strategies. The company emphasizes the importance of emergency readiness and has protocols for various contingencies, including cybersecurity threats. This tool aims to support healthcare customers and ensure swift communication during emergencies.
Owens & Minor, Inc. (NYSE:OMI) has announced the call for nominations for the Earl G. Reubel Awards, which honor excellence in diversity within the healthcare supply chain. The awards will be presented during the virtual Healthcare Supplier Diversity Alliance (HSDA) Conference on September 14, 2021. Categories include Civic Leadership, Large Corporate Leadership, and Diversity Enterprise. Nominations close on August 27, 2021. The awards celebrate individuals and organizations enhancing healthcare delivery and community wellness.
Owens & Minor reported strong Q2 2021 financial results, with revenue reaching $2.49 billion, up 38% year-over-year. GAAP net income from continuing operations was $65.9 million, translating to $0.87 per share, significantly improved from $0.2 million last year. Adjusted EBITDA increased to $127.7 million, with adjustments showing substantial earnings growth. The company affirms its full-year guidance for adjusted EPS between $3.75 and $4.25 and EBITDA of $450 million to $500 million. Additionally, it launched a $10 million non-profit foundation and initiated a pilot program for electric truck deliveries.
Owens & Minor, Inc. (NYSE: OMI) has announced a third quarter 2021 dividend of $0.0025 per share, payable on September 30, 2021, to shareholders of record as of September 15, 2021. This reflects the company’s commitment to returning value to its shareholders. Since its founding in 1882, Owens & Minor has evolved into a FORTUNE 500 global healthcare solutions provider, serving over 4,000 customers worldwide.
Owens & Minor (NYSE: OMI) will announce its Q2 2021 financial results on August 3, 2021, prior to NYSE trading. The company will hold a conference call at 8:30 a.m. EDT for discussions regarding the results. Interested parties can participate via dial-in options, with a replay available for one week. Owens & Minor is a global healthcare solutions company that provides manufacturing, distribution, and technology services to the healthcare industry. With over 15,000 employees, it serves more than 4,000 healthcare customers.
Owens & Minor has launched a pilot program in Southern California using an electric semi-truck to deliver medical products and PPE. The program, developed in partnership with Penske Logistics, began in the second quarter and will run for seven months. The Freightliner eCascadia will operate five days a week along a 152-mile route, stopping at five hospitals. Supported by a $16.8 million grant from South Coast AQMD, this initiative aims to enhance sustainability in healthcare logistics.
Owens & Minor published its first Environmental, Social, and Governance (ESG) Report, highlighting its commitment to ESG principles. The report outlines the company's focus areas: Empowering teammates, Caring for customers and communities, Operating responsibly, and Ensuring environmental stewardship. CEO Edward A. Pesicka emphasized that ESG initiatives aim to drive long-term value across operations. Recognized for its achievements, Owens & Minor received multiple awards, including the Level 5 Green Industry Award and the U.S. EPA SmartWay Excellence Award.
Owens & Minor (NYSE: OMI) received two prestigious awards, the 2021 Supplier Legacy Award and the COVID-19 Award for Most Supportive Supplier, recognizing its crucial role in maintaining healthcare supplies during the pandemic. Premier Inc. presented these awards, highlighting Owens & Minor's innovation and leadership. The company swiftly implemented safety protocols and increased manufacturing capabilities to ensure supply resilience. President and CEO Edward A. Pesicka expressed gratitude for the recognition and reaffirmed the company's commitment to advancing healthcare.
Owens & Minor, Inc. (NYSE-OMI) has launched the Owens & Minor Foundation, aimed at promoting healthier communities through financial support and engagement with charitable organizations. The Foundation focuses on Healthcare, Environment, and Diversity and Inclusion. It is backed by an initial endowment of $10 million and will support initiatives like healthcare access, environmental sustainability, and supplier diversity. Company officials emphasized the Foundation's role in extending Owens & Minor's legacy of community service.
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