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Owens and Minor

Owens & Minor soars on Street-beating Q4 results

February 24, 2021 By Danielle Kirsh Leave a Comment

Owens & Minor (NYSE:OMI) posted fourth-quarter results that beat the consensus forecast on Wall Street. The Mechanicsville, Va.-based company reported profits of $50.7 million, or 72¢ per share on sales of $2.4 billion for the three months ended Dec. 31, 2020, for a sales growth of 7.8% compared with Q4 2019. Adjusted to exclude one-time items, […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Orthopedics, Wall Street Beat Tagged With: Owens and Minor

Owens & Minor continues to boost PPE production in response to COVID-19

November 19, 2020 By Chris Newmarker

Owens & Minor (NYSE:OMI) continues to boost its production of procedure masks, N95 respirators and more to protect healthcare workers as the new wave of COVID-19 hits the U.S. at the same time that the annual flu season is picking up. “At the onset of the COVID-19 pandemic, Owens & Minor acted with urgency and investment […]

Filed Under: Business/Financial News, Featured Tagged With: coronavirus, COVID-19, Owens and Minor, owens&minor

The 20 largest medical device companies in the world

November 16, 2020 By Chris Newmarker

The information in this year’s annual Big 100 rankings of the world’s largest medical device companies is as interesting as ever. The 100 companies on this year’s list had medical device businesses bringing in a whopping $420.5 billion during their most recent fiscal years — a nearly 6% increase from the 2019 Big 100. But […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: 3m, Abbott, Alcon, B. Braun, Baxter, BD, becton dickinson, Big 100, Boston Scientific, Henry Schein Inc., Henry Schein Medical, MassDevice Big 100, Owens and Minor, owens&minor, Zimmer Biomet

Owens & Minor posts Street-beating Q3

November 3, 2020 By Sean Whooley

Owens & Minor (NYSE:OMI) shares ticked slightly down today on third-quarter results that beat the consensus forecast. The Richmond, Va.-based company posted profits of $46.1 million, or 76¢ per share, on sales of $2.2 billion for the three months ended Sept. 30, 2020, for a massive bottom-line gain from profits of $1.2 million this time last […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Owens and Minor

MedTech 100 roundup: Industry rises week-over-week

October 5, 2020 By Sean Whooley

The medtech industry hasn’t reached the heights of early September but continues to tick back up over time in the stock market. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 89.73 (Oct. 2), marking a 1.9% gain from the 88.05 points registered at the […]

Filed Under: Business/Financial News, Featured, Funding Roundup, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Abbott, coronavirus, COVID-19, MedTech 100 Index, Medtronic, Owens and Minor, Smith+Nephew

Owens & Minor commences $172.5M public offering

September 30, 2020 By Sean Whooley

Owens & Minor (NYSE:OMI) announced that it commenced an underwritten public offering worth up to $172.5 million. Richmond, Va.-based Owens & Minor is offering $150 million in shares of its common stock and it intends to grant the underwriters an option to purchase up to an additional $22.5 million in common stock shares, according to a […]

Filed Under: Business/Financial News, Funding Roundup Tagged With: Owens and Minor

Report: Why is there still an N95 shortage?

September 21, 2020 By Nancy Crotti

The nationwide shortage of N95 respirators needed by healthcare workers and others during the coronavirus pandemic shows no indications of letting up, according to an article in today’s Washington Post. The newspaper cites a lack of inter-industry cooperation on N95 production, the Trump administration’s use of the Defense Production Act to force companies to make […]

Filed Under: Business/Financial News, Distribution, Featured, Hospital Care, Respiratory Tagged With: 3m, coronavirus, COVID-19, Honeywell, Owens and Minor, U.S. Department of Defense

HHS to release 1.5M N95 respirators to nursing homes

August 26, 2020 By Chris Newmarker

HHS will release 1.5 million N95 respirators from the Strategic National Stockpile for distribution to approximately 3,336 nursing home facilities across the United States. The respirators, made in the U.S. by the Halyard business of Owens & Minor (NYSE:OMI), will go to select nursing homes that recently reported only enough supplies for only zero to three […]

Filed Under: Featured, Respiratory Tagged With: coronavirus, COVID-19, Dept. of Health & Human Services (HHS), Owens and Minor

Owens & Minor misses on sales, equals earnings projections in Q2

August 4, 2020 By Sean Whooley

Owens & Minor (NYSE:OMI) shares ticked up after hours today on second-quarter results that came up short of the consensus revenue forecast. The Mechanicsville, Va.-based company posted losses of -$55.6 million, or -91¢ per share, on sales of $1.8 billion for the three months ended June 30, 2020, for a massive bottom-line slide from losses of […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Owens and Minor

MedTech 100 roundup: Another rebound as markets continue to fluctuate

June 22, 2020 By Sean Whooley

Medtech stocks rebounded from a significant dip earlier in June last week, continuing to highlight the topsy-turvy nature of the markets during the COVID-19 pandemic. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 85.00 points at the end of last week (June 19). That total represents […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: 3m, coronavirus, COVID-19, Dept. of Health & Human Services (HHS), foxconn, MedTech 100 Index, Medtronic, Merck, Merit Medical Systems, Owens and Minor, Proteus Digital Health, Stryker, Themis

Owens & Minor completes Movianto sale

June 19, 2020 By Sean Whooley

Owens & Minor (NYSE:OMI) announced that it completed the sale of its Movianto European logistics business to EHDH Holding Group. In January, Owens & Minor announced that it intended to sell the Movianto business, expecting to collect proceeds reaching $133 million to be used to further reduce company debt. The company purchased Movianto in 2012 for […]

Filed Under: Business/Financial News, Mergers & Acquisitions Tagged With: Owens and Minor

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