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Owens Minor Inc (OMI) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

SEC Filings

Owens Minor Inc

CIK: 75252 Ticker: OMI


Owens & Minor Reports 3rd Quarter Financial Results
Increases full year adjusted EPS guidance to $1.90 to $2.00*
Reconfirms expectation of double digit adjusted EPS growth in 2021


RICHMOND, VA – November 2, 2020 – Owens & Minor, Inc. (NYSE-OMI)
today reported financial results for the third quarter of 2020, as summarized in the table below.

“I am delighted to report another strong quarter, driven by our exceptional operating performance supported by our dedicated teammates. It is our ability to support the complete value chain with our Americas owned and operated manufacturing facilities combined with our broad external supplier base and integrated with our robust distribution network, which allows us to operate at the highest levels of performance to best serve our customers. I am immensely proud of our accomplishments over the past several quarters, but we recognize that we’re not done yet.” said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor.

“Our financial profile is as strong as it’s been in quite some time, and our focused execution has allowed us to invest in technology and infrastructure while deleveraging the balance sheet. Moreover, the success of our efforts gives us confidence to make additional investments to enhance our customers’ experience and drive further EPS growth. Our strategic capabilities and execution excellence boost our confidence in continued strong performance in 2020, and on-going momentum entering 2021.”


Financial Summary*
YTDYTD
($ in millions, except per share data)3Q203Q1920202019
Revenue$2,188$2,293$6,118$7,020
Operating Income, GAAP**
$75.6$26.1$108.5$58.6
Adj. Operating Income, Non-GAAP**
$92.2$41.6$158.5$107.6
Income (Loss) from continuing operations, GAAP**
$46.1$3.4$37.3($17.2)
Adj. Net Income, Non-GAAP**
$49.0$13.7$63.9$23.7
Income (Loss) from continuing operations per share, GAAP**
$0.76$0.06$0.61($0.28)
Adj. Net Income per share, Non-GAAP**
$0.81$0.23$1.05$0.39
* Adjusted net income and Adjusted net income per share 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.




The following information was filed by Owens Minor Inc (OMI) on Monday, November 2, 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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Definitive Proxy Statement (Form DEF 14A)
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Owens Minor Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
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Inside Owens Minor Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Accumulated Other Comprehensive Loss
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Operations
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Additional Information (Details)
Accumulated Other Comprehensive Loss - Changes In Accumulated Loss By Component (Details)
Debt
Debt - (Tables)
Debt - Additional Information (Details)
Debt - Schedule Of Debt (Details)
Derivatives
Derivatives (Tables)
Derivatives - Narrative (Details)
Derivatives - Summary Of The Effect Of Cash Flow Hedge (Details)
Derivatives - Summary Of The Terms And Fair Value Of Our Outstanding Derivative Financial Instruments (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Narrative (Details)
Discontinued Operations - Schedule Of Cash Flow Information For Discontinued Operations (Details)
Discontinued Operations - Summary Of Discontinued Operations On The Balance Sheet (Details)
Discontinued Operations - Summary Of Financial Results Of 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)
Fair Value
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Details)
Goodwill And Intangible Assets - Changes In Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets (Details)
Income Taxes
Income Taxes - 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 Loss Per Common Share (Details)
Recent Accounting Pronouncements
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - Components Of Net Periodic Benefit Cost (Details)
Segment Information
Segment Information (Tables)
Segment Information - Consolidated Total Assets (Details)
Segment Information - Financial Information By Segment (Details)
Segment Information - Net Revenue By Geographic Area (Details)
Shareholders' Equity
Shareholders' Equity - Narrative (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 - Schedule Of Cash, Cash Equivalents And Restricted Cash (Details)

Material Contracts, Statements, Certifications & more

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

Ticker: OMI
CIK: 75252
Form Type: 10-Q Quarterly Report
Accession Number: 0000075252-20-000134
Submitted to the SEC: Mon Nov 02 2020 6:13:37 PM EST
Accepted by the SEC: Tue Nov 03 2020
Period: Wednesday, September 30, 2020
Industry: Wholesale Medical Dental And Hospital Equipment And Supplies

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