Owens & Minor - OMI STOCK NEWS

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.

Owens & Minor (NYSE-OMI) announced a virtual meeting to discuss its future growth strategy and long-term financial targets. CEO Edward A. Pesicka highlighted a robust performance, projecting adjusted earnings per share exceeding $6.00 by 2026, significantly higher than 2019's adjusted earnings. The company plans to leverage its core business improvements, financial strength, and sustainable growth initiatives, focusing on stakeholder value. The press release notes that GAAP financial forecasting remains impractical due to unpredictable elements, emphasizing reliance on adjusted metrics for future projections.

Owens & Minor reported strong first quarter 2021 financial results, with revenue rising to $2.327 billion from $2.123 billion in 2020. Adjusted net income surged to $111.5 million, translating to $1.57 per share, compared to $2.4 million or $0.04 per share last year. The company has raised its full-year adjusted net income guidance to $3.75 - $4.25 per share due to robust operational execution and favorable market conditions, especially in elective procedures. Additionally, Owens & Minor successfully recapitalized its debt, enhancing financial flexibility.

Owens & Minor (NYSE: OMI) will release its Q1 2021 financial results on May 5, 2021, before NYSE trading begins. The company will host a conference call at 8:00 a.m. EDT to discuss these results, accessible at 866-393-1604. An international dial-in number is also available at 1-224-357-2191, with a replay option for one week. Owens & Minor, a healthcare solutions provider founded in 1882, serves over 4,000 customers globally and aims to empower healthcare advancements.

Owens & Minor, Inc. (NYSE: OMI) has priced its private offering of $500 million senior notes at 4.500% interest due 2029. The offering is set to close on March 10, 2021, pending market conditions. Proceeds will be used to repay outstanding debt from its Term B Loan and Existing Revolving Credit Facility, alongside covering related fees and costs. The notes are offered only to qualified institutional buyers and are not registered under the Securities Act.

Owens & Minor, Inc. (NYSE: OMI) announced a private offering of $500 million in senior notes due 2029, pending market conditions. The proceeds will be utilized to repay outstanding debt under its Term B Loan and existing revolving credit facility, as well as for general corporate purposes. The offering is limited to qualified institutional buyers and non-U.S. persons. The Notes are not registered under the Securities Act and will be offered in compliance with applicable regulations. This offering aims to strengthen the Company's financial position.

Owens & Minor, Inc. (NYSE: OMI) has elected Aster Angagaw and Stephen W. Klemash to its Board of Directors as part of a multi-year succession planning initiative. Angagaw, with extensive experience in transformational growth and leadership roles in healthcare, was last the President of ServiceMaster Brands. Klemash brings significant expertise in finance and governance from Ernst & Young LLP. Their election aims to enhance the company's strategic direction amid evolving industry demands, supporting Owens & Minor's mission of empowering customers in healthcare.