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, […]
Owens and Minor
Owens & Minor continues to boost PPE production in response to COVID-19
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 […]
The 20 largest medical device companies in the world
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 […]
Owens & Minor posts Street-beating Q3
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 […]
MedTech 100 roundup: Industry rises week-over-week
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 […]
Owens & Minor commences $172.5M public offering
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 […]
Report: Why is there still an N95 shortage?
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 […]
HHS to release 1.5M N95 respirators to nursing homes
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 […]
Owens & Minor misses on sales, equals earnings projections in Q2
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 […]
MedTech 100 roundup: Another rebound as markets continue to fluctuate
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 […]
Owens & Minor completes Movianto sale
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 […]
