Last10K.com

Owens Minor Inc (OMI) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

SEC Filings

Owens Minor Inc

CIK: 75252 Ticker: OMI

Exhibit 99.1

FOR IMMEDIATE RELEASE

February 11, 2013

Owens & Minor Reports Consolidated 4th Quarter & Full-Year 2012 Financial Results

OMI’s results were highlighted by strong asset management and operating cash flow

RICHMOND, VA….Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the fourth quarter ended December 31, 2012, including consolidated quarterly revenue of $2.32 billion, an increase of 5.9% when compared to revenue of $2.20 billion in the fourth quarter of 2011. Movianto, a leading European healthcare logistics provider acquired by Owens & Minor on August 31, 2012, contributed $127.0 million to fourth quarter revenue. Consolidated net income for the fourth quarter of 2012 was $24.9 million, or $0.39 per diluted share, a slight increase when compared to net income of $23.9 million, or $0.38 per diluted share, in the comparable period of 2011.

Adjusted consolidated net income (non-GAAP), which excludes pre-tax charges of $1.7 million for acquisition-related and exit & realignment activities for the fourth quarter of 2012, was $26.2 million, or $0.41 per diluted share. In addition, pre-tax quarterly operating losses for Movianto, which comprises the company’s International segment, were approximately $4.8 million, or $0.06 per diluted share, resulting primarily from operating costs to support underutilized capacity. Also, in the fourth quarter of 2012, the company incurred legal expenses and loss contingencies of $2.0 million, or $0.02 per diluted share, associated with California-specific litigation and compensation and benefits requirements.

For the fourth quarter of 2012, consolidated operating earnings were $45.0 million, increased when compared to operating earnings of $43.0 million for the same period last year. For the quarter, acquisition-related and exit & realignment charges reduced quarterly consolidated operating earnings by $1.7 million. For purposes of comparison, fourth quarter 2011 financial results included acquisition-related and exit & realignment costs of $12.8 million, or $0.13 per diluted share.

“We made solid progress in 2012 on strategic investments that will support the long-term success of our company in a rapidly changing healthcare environment,” said Craig R. Smith, president & chief executive officer. “I was pleased with the overall performance of our Domestic business in a tough operating environment, as our asset management results were very strong, expense control was impressive, and we generated $219 million in operating cash flow. As we look ahead to 2013, we are focused on improving our performance with Movianto by leveraging capacity and achieving expense reductions in our European network. We are very enthusiastic about our future and the growing demand for our healthcare logistics services.”

 

1


The following information was filed by Owens Minor Inc (OMI) on Tuesday, February 12, 2013 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.

View differences made from one year to another to evaluate Owens Minor Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Owens Minor Inc.

Continue

Assess how Owens Minor Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Owens Minor Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
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
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Accounts And Notes Receivable, Net
Accounts And Notes Receivable, Net - Additional Information (detail)
Accrual For Exit And Realignment Costs (detail)
Acquisition
Acquisition (tables)
Acquisition - Additional Information (detail)
Activity And Value Of Nonvested Restricted Stock And Performance Share Awards (detail)
Amounts Recognized As Component Of Accumulated Other Comprehensive Loss, Domestic (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Income (loss) Before Income Taxes (detail)
Components Of Net Periodic Benefit Cost For Domestic Retirement Plans (detail)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (condensed Consolidating Balance Sheet) (detail)
Condensed Consolidating Financial Information (condensed Consolidating Statements Of Cash Flows) (detail)
Condensed Consolidating Financial Information (condensed Consolidating Statements Of Income) (detail)
Condensed Consolidating Financial Information (tables)
Consolidated Total Assets (detail)
Debt
Debt (detail)
Debt (parenthetical) (detail)
Debt (tables)
Debt - Additional Information (detail)
Derivative Financial Instruments
Derivative Financial Instruments - Additional Information (detail)
Domestic Retirement Plan's Financial Status And Amounts Recognized In Consolidated Balance Sheets (detail)
Estimated Fair Value Of Assets Acquired And Liabilities Assumed (detail)
Exit And Realignment Costs
Exit And Realignment Costs (tables)
Exit And Realignment Costs - Additional Information (detail)
Expected Benefit Payments Required For Domestic Retirement Plan (detail)
Finance Receivables - Additional Information (detail)
Financial Information By Geographic Area (detail)
Financial Information By Segment (detail)
Financing Receivables
Future Minimum Annual Payments Under Non-cancelable Lease Agreements (detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (detail)
Income Tax Provision (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Intangible Assets (detail)
Legal Proceedings
Merchandise Inventories
Merchandise Inventories - Additional Information (detail)
Net Income Per Common Share
Net Income Per Common Share (tables)
Property And Equipment
Property And Equipment (detail)
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Reconciliation Of Changes In Unrecognized Tax Benefits (detail)
Reconciliation Of Federal Statutory Rate To Effective Income Tax Rate (detail)
Retirement Plans
Retirement Plans (tables)
Retirement Plans - Additional Information (detail)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Share-based Compensation
Share-based Compensation (tables)
Share-based Compensation - Additional Information (detail)
Shareholders' Equity
Shareholders' Equity - Additional Information (detail)
Significant Risks And Uncertainties
Significant Risks And Uncertainties - Additional Information (detail)
Stock Option Groups (detail)
Summary Of Activity And Terms Of Outstanding Options (detail)
Summary Of Calculation Of Net Income Per Share (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (detail)
Tax Effects On Deferred Tax Assets And Deferred Tax Liabilities (detail)
Terminated Pension Plan
Terminated Pension Plan - Additional Information (detail)
Ticker: OMI
CIK: 75252
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-071696
Submitted to the SEC: Fri Feb 22 2013 5:14:35 PM EST
Accepted by the SEC: Fri Feb 22 2013
Period: Monday, December 31, 2012
Industry: Wholesale Medical Dental And Hospital Equipment And Supplies

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/omi/0001193125-13-071696.htm