Why Owens & Minor Stock Just Dropped 22.5% [The Motley Fool]
Owens & Minor, Inc. (OMI)
Last owens & minor, inc. earnings: 3/4 06:45 am
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owens.edu
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Source: The Motley Fool
Why Owens & Minor Stock Just Dropped 22.5% An earnings beat, a sales miss, and future guidance all went awry. Owens & Minor ( NYSE:OMI ) beat expectations in its Q4 earnings report this morning. Nonetheless, the stock is down for the global healthcare solutions company -- 22.5% as of 10:45 a.m. EST, and falling. Heading into earnings, analysts had predicted Owens & Minor would earn $0.23 per share in adjusted ( pro forma ) profits on sales of $2.5 billion. Owens beat the earnings number, reporting a pro forma profit of $0.26 per share. Unfortunately, it missed badly on sales, which came in below $2.2 billion. CEO Edward Pesicka played up the "sequential improvement in adjusted operating income and adjusted earnings per share," adding that Owens & Minor is also "continuing to generate positive cash flow and reduce debt." Under generally accepted accounting principles ( GAAP ), Owens & Minor's per-share quarterly loss improved from $4.37 a year ago to $0.65 in Q4 2019. For the year, G
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OMI
News
- Should Shareholders Reconsider Owens & Minor, Inc.'s (NYSE:OMI) CEO Compensation Package? [Yahoo! Finance]Yahoo! Finance
- Owens & Minor Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Owens & Minor Reports First Quarter 2024 Financial ResultsBusiness Wire
- Owens & Minor, Inc. (NYSE: OMI) had its price target raised by analysts at Citigroup Inc. from $24.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- Owens & Minor Announces First Quarter 2024 Earnings Release Date and Conference CallBusiness Wire
OMI
Earnings
- 5/3/24 - Beat
OMI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- 5/3/24 - Form 8-K
- OMI's page on the SEC website