Owens & Minor Reports Preliminary Q4 Adjusted Earnings, Revenue; Discloses $310 Million Impairment Charge

MT Newswires Live
03 Feb

Owens & Minor (OMI) estimated preliminary Q4 adjusted earnings Monday of $0.52 to $0.55 per share.

Analysts polled by FactSet expect $0.53.

For the three months ended Dec. 31, the company expects Q4 revenue of $2.67 billion to $2.70 billion. Analysts surveyed by FactSet expect $2.73 billion.

The company also expects to record a Q4 non-cash goodwill impairment charge in its Apria division of about $310 million, or around a $4.00 net loss per share.

Shares of the company were down more than 8% in Monday's premarket activity.

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