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Owens & Minor Inc (OMI.N)

OMI.N on New York Stock Exchange

18.73USD
8 Dec 2017
Change (% chg)

$-0.13 (-0.69%)
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Latest Key Developments (Source: Significant Developments)

Owens & Minor to buy Halyard Health's surgical & infection prevention business for $710 mln
Wednesday, 1 Nov 2017 07:02am EDT 

Nov 1 (Reuters) - Owens & Minor Inc :Owens & Minor to acquire Halyard Health Inc's surgical & infection prevention (S&IP) business for $710 million in cash.Owens & Minor Inc - ‍expects annual pre-tax synergies to reach approximately $40 million by year three post closing​ of deal.Owens & Minor Inc - co expects transaction to be accretive to non-GAAP diluted earnings per share in 2018, with increasing accretion thereafter​.Owens & Minor Inc - ‍intends to finance transaction with a combination of cash and debt​.Owens & Minor Inc- ‍transaction has been approved by boards of directors of both companies​.  Full Article

Owens & Minor Q3 adjusted earnings per share $0.40
Wednesday, 1 Nov 2017 07:01am EDT 

Nov 1 (Reuters) - Owens & Minor Inc :Owens & Minor reports 3rd quarter 2017 financial results.Q3 adjusted non-GAAP earnings per share $0.40.Q3 earnings per share $0.18.Q3 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Sees fy 2017 non-GAAP earnings per share $1.75 to $1.85.Q3 revenue $2.33 billion versus I/B/E/S view $2.4 billion.Fy2017 earnings per share view $1.92 -- Thomson Reuters I/B/E/S.  Full Article

Halyard Health to sell S&IP business to Owens & Minor
Wednesday, 1 Nov 2017 07:00am EDT 

Nov 1 (Reuters) - Halyard Health Inc :Halyard Health, Inc. announces sale of S&IP business to Owens & Minor, Inc. for $710 million.Halyard Health - Co's remaining business expected to undergo phased restructuring to address dis-synergies, costs associated with divestiture​.Halyard Health Inc - ‍company expects dis-synergies to be eliminated through a multi-year transformation​.Halyard Health Inc - initiated a rebranding process and development of a new information technology platform​.  Full Article

Owens & Minor Q2 earnings per share $0.33
Tuesday, 1 Aug 2017 05:05pm EDT 

Aug 1 (Reuters) - Owens & Minor Inc :Owens & Minor reports 2nd quarter 2017 financial results.Q2 adjusted non-GAAP earnings per share $0.43.Q2 earnings per share $0.33.Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sees FY 2018 adjusted non-GAAP earnings per share $2.25 to $2.35.Sees FY 2017 non-GAAP earnings per share $1.90 to $2.00.Owens & Minor Inc - ‍owens & Minor is revising its guidance on an adjusted basis non-GAAP for 2017 and 2018​.FY2017 earnings per share view $1.78 -- Thomson Reuters I/B/E/S.Owens & Minor Inc qtrly domestic segment quarterly revenues were $2.13 billion, compared to $2.35 billion a year ago.FY2018 earnings per share view $2.06 -- Thomson Reuters I/B/E/S.  Full Article

Owens & Minor says entered into a credit agreement dated as of July 27
Friday, 28 Jul 2017 05:17pm EDT 

July 28 (Reuters) - Owens & Minor Inc :Owens & Minor Inc - On July 27, 2017, Owens & Minor, Inc. entered into a credit agreement dated as of July 27, 2017.Owens & Minor Inc says new credit agreement replaces company's existing $450 million credit agreement set to expire on September 17, 2019 - SEC Filing.Owens & Minor Inc - Credit agreement contains lender commitments for a $250 million term loan with a five-year maturity.Owens & Minor Inc - Credit agreement also contains lender commitments for revolving credit of $600 million.Owens & Minor - Credit agreement also contains ability to request increase in revolving commitments or term loans by an aggregate amount up to $200 million.Owens & Minor Inc - Credit agreement also contains revolving commitments have a five-year term with ability to request two one-year extensions.  Full Article

Owens & Minor Q1 earnings per share $0.31
Tuesday, 2 May 2017 08:46pm EDT 

May 2 (Reuters) - Owens & Minor Inc :Owens & minor reports 1st quarter 2017 financial results and announces acquisition.Q1 adjusted non-gaap earnings per share $0.41.Q1 earnings per share $0.31.Q1 revenue $2.33 billion versus i/b/e/s view $2.38 billion.Q1 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Reaffirms fy 2018 adjusted earnings per share view $2.05 to $2.20.Sees fy 2017 adjusted non-gaap earnings per share $1.75 to $1.85.Owens & minor inc - is affirming its guidance for 2017 earnings on an adjusted basis.Owens & minor inc - domestic segment quarterly revenues were $2.19 billion compared to $2.32 billion a year ago.  Full Article

Owens & Minor to acquire Byram Healthcare
Tuesday, 2 May 2017 08:15pm EDT 

May 3 (Reuters) - Owens & Minor Inc ::Owens & Minor to acquire Byram Healthcare.company expects that transaction will have limited impact on 2017 earnings and will be modestly accretive in 2018.Signed a definitive purchase agreement to acquire byram healthcare for approximately $380 million in cash.Expects that transaction will have limited impact on 2017 earnings.acquisition is expected to contribute approximately $450 million in incremental annual revenue for Owens & Minor.  Full Article

Owens & Minor sees FY 2017 adj. non-GAAP EPS $1.75 - $1.85
Thursday, 16 Mar 2017 07:25am EDT 

Owens & Minor Inc : Owens & Minor outlined its new strategic plan and reaffirmed its financial outlook for 2017 and 2018 at annual investor meeting . Sees FY 2017 adjusted non-GAAP earnings per share $1.75 to $1.85 . Owens & Minor Inc sees 2018 adjusted EPS in range of $2.05 to $2.20 per share . FY2017 earnings per share view $1.80 -- Thomson Reuters I/B/E/S .FY2018 earnings per share view $2.06 -- Thomson Reuters I/B/E/S.  Full Article

Owens & Minor reports Q4 earnings per share $0.45
Tuesday, 14 Feb 2017 05:05pm EST 

Owens & Minor Inc : Owens & Minor reports 4th quarter & full-year 2016 financial results . Q4 revenue $2.37 billion versus I/B/E/S view $2.38 billion . Sees fy 2018 adjusted non-GAAP earnings per share $2.05 to $2.20 . Sees fy 2017 adjusted non-GAAP earnings per share $1.75 to $1.85 including items . Q4 adjusted non-gaap earnings per share $0.52 . Q4 earnings per share $0.45 . Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S . Owens & Minor Inc says company provides long-range financial outlook . Company provides long-range financial outlook . FY2017 earnings per share view $1.96 -- Thomson Reuters I/B/E/S .Q4 domestic segment revenues were $2.24 billion, representing a decrease of 3.8pct from prior year's Q4.  Full Article

Chairman of Owens & Minor board of directors Craig Smith announces retirement
Friday, 10 Feb 2017 07:20am EST 

Owens & Minor Inc : Craig R. Smith, chairman of the Owens & minor board of directors, announces his retirement . Owens & Minor Inc - O&M board intends to name president & CEO P. Cody Phipps as chairman . Owens & Minor Inc - O&M board intends to name president & CEO P. Cody Phipps as chairman .Owens & Minor Inc - Smith, who has been a board member since 2005, was named chairman in 2013.  Full Article

Fitch Downgrades Owens & Minor, Inc.'s IDR to 'BB+'; Outlook to Negative

(The following statement was released by the rating agency) NEW YORK, November 03 (Fitch) Fitch Ratings has downgraded the Long-Term Issuer Default Rating (IDR) of Owen & Minor, Inc. to 'BB+' from 'BBB-'. The Rating Outlook is revised to Negative from Stable. A full list of rating actions follows at the end of this release. The downgrade and Negative Outlook reflect OMI's shift toward a more acquisitive growth strategy, higher financial leverage, and the expectation of weaker revenues and margin