In the earnings highlights for Owens & Minor (OMI), the following significant points have been noted:
In the first quarter, the company reported losses of $21.9 million which improved from a loss of $24.4 million in the same period last year. The Earnings Per Share (EPS) for the same quarter was -$0.29, an improvement from -$0.32 in the corresponding period the previous year. Without considering particular items, the adjusted earnings of Owens & Minor stood at $14.9 million or $0.19 per share.
Revenue generation also saw an increase, with the first quarter collection of $2.613 billion surpassing last year’s first quarter earning of $2.523 billion.
In terms of guidance, the full-year earnings per share are aspired to be within the range of $1.40 to $1.70. Likewise, the full-year revenue expectation is between $10.5 billion to $10.9 billion.
