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Owens Minor Inc (OMI) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Owens Minor Inc

CIK: 75252 Ticker: OMI


Owens & Minor Reports Fourth Quarter and Full Year 2021 Financial Results

Strong Finish to a Year with Robust Growth and Record Setting Profitability
Company Reaffirms 2022 Guidance
Acquisition of Apria Remains on Track

RICHMOND, VA – February 23, 2022 – Owens & Minor, Inc. (NYSE-OMI)
today reported financial results for the fourth quarter and the year ended December 31, 2021, as summarized in the table below.

“I’m extremely proud of our strong finish to a record year and even more excited about our future. We delivered on our commitments to all stakeholders and took major steps to help ensure the future growth of Owens & Minor,” said Edward A. Pesicka, President & Chief Executive Officer.

Pesicka added, “In an ever-changing healthcare environment it is the strength of our business model that resonates well with our customers. Our model is focused on our Americas-owned manufacturing facilities, our flexibility and scalability of our healthcare services, and the strength of our Patient Direct business. Our performance in 2021 is an example of our execution both financially and strategically towards our long-term goals.

We enter 2022 with strong momentum and are reaffirming our financial guidance for the year. Further, last month’s announcement of our definitive agreement to acquire Apria is evidence of the strength of our commitment to deliver long-term profitable growth. Apria is a leader in the attractive home health market and will meaningfully enhance our Patient Direct offering, strengthening our ability to follow patients through the hospital and into the home,” Pesicka concluded.


Financial Summary (1)
FYEFYE
($ in millions, except per share data)4Q214Q2020212020
Revenue$2,467$2,362$9,785$8,480
Operating Income, GAAP$62.0$95.6$368.5$204.1
Adj. Operating Income, Non-GAAP$84.9$124.9$442.4$283.4
Income from continuing operations, GAAP$42.0$50.7$221.6$88.1
Adj. Net Income, Non-GAAP$61.2$79.8$309.3$143.7
Adj. EBITDA, Non-GAAP$97.4$138.5$492.3$335.2
Income from continuing operations per share, GAAP$0.55$0.72$2.94$1.39
Adj. Net income per share, Non-GAAP(2)
$0.81$1.14$4.10$2.26
(1) Financial results relate to continuing operations. Reconciliations of the differences between the non-GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below.
(2) Adjusted net income per share, Non-GAAP for 4Q21 was unfavorably impacted as compared to prior year by foreign currency translation in the amount of $0.02 and, unfavorably impacted by $0.05 for the 2021 full-year period.



1

The following information was filed by Owens Minor Inc (OMI) on Wednesday, February 23, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Owens Minor Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accounts Receivable, Net
Accounts Receivable, Net - Additional Information (Details)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Schedule Of Debt (Details)
Derivatives
Derivatives (Tables)
Derivatives - Gain (Loss) Included In Accumulated Other Comprehensive Loss (Details)
Derivatives - Narrative (Details)
Derivatives - Outstanding Hedges (Details)
Discontinued Operations
Discontinued Operations (Details)
Discontinued Operations (Tables)
Discontinued Operations - Operating And Investing Cash Flow Information For Discontinued Operations (Details)
Discontinued Operations - Summary Of The Financial Results Of Our Discontinued Operations (Details)
Exit And Realignment Costs
Exit And Realignment Costs (Tables)
Exit And Realignment Costs - Accrual For Exit And Realignment Costs (Details)
Exit And Realignment Costs - Additional Information (Details)
Exit And Realignment Costs - Exit And Realignment Charges By Segment (Details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Additional Information (Details)
Goodwill And Intangible Assets, Net - Goodwill Rollforward (Details)
Goodwill And Intangible Assets, Net - Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income (Loss) Before Income Taxes (Detail)
Income Taxes - Income Tax Provision (Detail)
Income Taxes - Reconciliation Of Changes In Unrecognized Tax Benefits (Detail)
Income Taxes - Reconciliation Of Federal Statutory Rate To Effective Income Tax Rate (Detail)
Income Taxes - Tax Effects On Deferred Tax Assets And Deferred Tax Liabilities (Detail)
Leases
Leases (Tables)
Leases - Components Of Lease Expense (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow Information (Details)
Legal Proceedings
Merchandise Inventories
Merchandise Inventories - Additional Information (Details)
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share (Tables)
Net Income (Loss) Per Common Share - Summary Of Calculation Of Net Income Per Share (Detail)
Property And Equipment, Net
Property And Equipment, Net (Details)
Property And Equipment, Net (Tables)
Property And Equipment, Net - Additional Information (Details)
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - Additional Information (Detail)
Retirement Plans - Amounts Recognized As Component Of Accumulated Other Comprehensive Loss, Domestic (Detail)
Retirement Plans - Components Of Net Periodic Benefit Cost For Domestic Retirement Plans (Detail)
Retirement Plans - Domestic Retirement Plan's Financial Status And Amounts Recognized In Consolidated Balance Sheets (Detail)
Retirement Plans - Expected Benefit Payments Required For Domestic Retirement Plan (Detail)
Segment Information
Segment Information (Tables)
Segment Information - Consolidated Total Assets (Details)
Segment Information - Financial Information By Geographical Area (Details)
Segment Information - Financial Information By Segment (Detail)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Activity And Value Of Nonvested Restricted Stock And Performance Share Awards (Details)
Share-Based Compensation - Additional Information (Details)
Shareholders' Equity
Shareholders' Equity - Additional Information (Detail)
Significant Risks And Uncertainties
Significant Risks And Uncertainties - Additional Information (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Reconciliation Of Cash And Cash Equivalents (Details)
Ticker: OMI
CIK: 75252
Form Type: 10-K Annual Report
Accession Number: 0000075252-22-000009
Submitted to the SEC: Wed Feb 23 2022 4:35:10 PM EST
Accepted by the SEC: Wed Feb 23 2022
Period: Friday, December 31, 2021
Industry: Wholesale Medical Dental And Hospital Equipment And Supplies

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