Owens Minor Inc (OMI) 10-Q Quarterly Report May 2020

The following information was filed by Owens Minor Inc (OMI) on Wednesday, May 6, 2020 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-Q Quarterly 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-Q Quarterly Report:

Financial - Earnings Highlight
Gross margin in the three months ended March 31, 2020 was impacted by lower distribution revenues and unfavorable impact from foreign currency translation of $3.3 million.

Financial - Debt Highlight
We believe available financing sources, including cash generated by operating activities and borrowings under the Credit Agreement, will be sufficient to fund our working capital needs, capital expenditures, long-term strategic growth, payments under long-term debt and lease arrangements, payments of quarterly cash dividends, share and debt repurchases and other cash requirements.
Revenue - Product Highlight
The declines were a result of lower revenues and continued pressure on distribution margins as compared to prior year.
Financial - Earnings Highlight
The increase in gross margin as a percentage of revenue reflected strong revenue growth from an overall improved sales mix, as the Global Products revenues constitute a higher percentage of revenue.
Financial - Dividend Highlight
Cash used for financing activities in the first three months of 2020 included dividend payments of $0.2 million and repayments of $6.2 million under our revolving credit facility, compared to dividend payments of $4.8 million and proceeds from borrowings of $72.1 million for the same period of 2019.
Financial - Income
Global Products segment operating income...Read more
Revenue - Geography
Cash used for investing activities...Read more
Other - Other
Although we believe our expectations...Read more
Financial - Income
This benefit was considered a...Read more
Other - Other
At March 31, 2020 and...Read more
Revenue - Product
These were partially offset by...Read more
Revenue - Geography
Foreign currency translation had an...Read more
Other - Other
We also had proceeds from...Read more
Other - Other
As a result, we updated...Read more
Revenue - Product
We monitor operating working capital...Read more
Other - Other
In April 2020, under the...Read more
Financial - Expense
Interest expense decreased year over...Read more
Revenue - Product
The change in net revenue...Read more
Other - Other
The Credit Agreement provides a...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Owens Minor Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: OMI
CIK: 75252
Form Type: 10-Q Quarterly Report
Accession Number: 0000075252-20-000054
Submitted to the SEC: Wed May 06 2020 4:29:13 PM EST
Accepted by the SEC: Wed May 06 2020
Period: Tuesday, March 31, 2020
Industry: Wholesale Medical Dental And Hospital Equipment And Supplies