Owens & Minor Announces Fourth Quarter 2015 Cash Dividend, Payable on December 31, 2015
Oct 27 15
Owens & Minor Inc. announced that its board of directors has approved the payment of the fourth-quarter 2015 cash dividend in the amount of $0.2525 per share. The cash dividend is payable on December 31, 2015, to shareholders of record as of December 15, 2015.
Owens & Minor Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015
Oct 27 15
Owens & Minor Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net revenues of $2,471,669,000 against $2,386,126,000 a year ago. Operating earnings was $53,572,000 against $35,377,000 a year ago. Income before income taxes was $46,828,000 against $16,183,000 a year ago. Net income was $28,176,000 or $0.45 basic and diluted earnings per share against $7,155,000 or $0.11 basic and diluted earnings per share a year ago. Operating earnings, adjusted (Non-GAAP) was $59,706,000 against $49,334,000 a year ago. Net income, adjusted (Non-GAAP) was $33,555,000 against $26,544,000 a year ago. Net income per diluted common share, adjusted (Non-GAAP) was $0.45 against $0.11 a year ago. The Adjusted consolidated operating earnings improvement resulted, in part, from contributions from the two 2014 acquisitions and manufacturer product price changes. Total interest-bearing debt was $578,512,000 as on September 30, 2015 against $766,283,000 as on September 30, 2014.
For the nine months, the company reported net revenues of $7,285,032,000 against $6,948,365,000 a year ago. Operating earnings was $142,408,000 against $118,763,000 a year ago. Income before income taxes was $122,103,000 against $92,980,000 a year ago. Net income was $71,342,000 or $1.14 basic and diluted earnings per share against $52,516,000 or $0.84 basic and diluted earnings per share a year ago. Cash provided by operating activities was $206,038,000 against $81,144,000 a year ago. Additions to property and equipment were $15,321,000 against $36,169,000 a year ago. Additions to computer software and intangible assets were $16,876,000 against $17,988,000 a year ago.
For the full year 2015, the company continues to target adjusted net income per diluted share for the year in a range of $1.85 to $1.95. The 2015 outlook is based on certain assumptions that are subject to the risk factors.
Owens & Minor Inc. Presents at Credit Suisse 24th Annual Healthcare Conference, Nov-09-2015 through Nov-11-2015
Sep 22 15
Owens & Minor Inc. Presents at Credit Suisse 24th Annual Healthcare Conference, Nov-09-2015 through Nov-11-2015. Venue: The Phoenician Hotel, Scottsdale, Arizona, United States. Presentation Date & Speakers: Nov-10-2015, Richard A. Meier, Chief Financial Officer and Executive Vice President. Nov-11-2015, Chuck Graves, Director of Finance & Investor Relations, Robert K. Snead, Operating Vice President and Treasurer.