Owens & Minor Raises FY 2011 Revenue Guidance; Sees FY 2011 EPS Guidance At Low End Of Prior Guidance-Conference Call

Owens & Minor refined its guidance for fiscal 2011. Based on its performance in the first half of 2011, the Company raised its revenue growth guidance for fiscal 2011 to a range of 4% to 6% when compared to fiscal 2010. The Company expects net income per diluted share for fiscal 2011 to be near the lower end of the original range provided of $1.95-$2.10. The Company reported revenues of $8.123 billion in fiscal 2010. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.01 on revenues of $8.545 billion for fiscal 2011.