Omnicell to Cut 9% of Workforce in Restructuring >OMCL [MarketWatch]
Omnicell, Inc. (OMCL)
Last omnicell, inc. earnings: 2/6 04:01 pm
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Source: MarketWatch
management solutions and adherence tools works to rein in expenses amid macro-economic headwinds. The Mountain View, Calif., company said it will pare its workforce across a majority of its functions, adding that it expects to substantially complete the restructuring by the end of the first quarter of 2023. Omnicell earlier this month said headwinds in its point-of-care products, driven by health-system capital budget freezes and delays and customer labor availability challenges, weighed on its third-quarter results and prompted the company to reduce its full-year guidance. The company noted at the time that it planned to adjust its cost structure to address the headwinds. Omnicell on Wednesday said it expects to incur about $17 million in restructuring and related charges, mostly for employee severance and benefits costs, with the bulk of the charges booked in the fourth quarter. Write to Colin Kellaher at colin.kellaher@wsj.com Read Next Dow Jones Newswires is a market-m
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OMCL
News
- NextGen Healthcare Bolsters C-Suite with Three Industry Veterans [Yahoo! Finance]Yahoo! Finance
- Omnicell Supports Global Charity Mercy Ships with Pharmacy Technology Donation [Yahoo! Finance]Yahoo! Finance
- Omnicell Supports Global Charity Mercy Ships with Pharmacy Technology DonationBusiness Wire
- Omnicell (OMCL) Q1 Earnings Top Estimates, Revenues Down Y/Y [Yahoo! Finance]Yahoo! Finance
- Omnicell to Present at the BofA Securities 2024 Health Care ConferenceBusiness Wire
OMCL
Earnings
- 5/2/24 - Beat
OMCL
Sec Filings
- 5/7/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/11/24 - Form ARS
- OMCL's page on the SEC website