Owens & Minor Earnings: Everything You Must Know Now

Owens & Minor Inc. (NYSE:OMI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Owens & Minor Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 4.17% to $0.46 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Rose 3.72% to $2.27 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Owens & Minor Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company met the mean analyst estimate of $0.46. It missed the average revenue estimate of $2.28 billion.

Quoting Management: “While conditions remain challenging in the U.S. healthcare market, we continue to work on improving day-to-day operations, while making the right investments for our future,” said Craig R. Smith, chairman, president & chief executive officer of Owens & Minor. “We continue to receive validation of our approach to the market from our provider and manufacturer partners. While we are very encouraged by the progress we are making in Europe with Movianto, we recognize we still have work to do this year to achieve the goals we have established for our International segment.”

Key Stats (on next page)…

Revenue decreased 0.4% from $2.28 billion in the previous quarter. EPS increased 4.55% from $0.44 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.49 and has not changed. For the current year, the average estimate has moved up from a profit of $1.89 to a profit of $1.90 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)