Ownes & Minor (OMI) Tops Q4 EPS by 1c, Offers FY Guidance

Ownes & Minor (NYSE: OMI) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.48 billion.

GUIDANCE:

Ownes & Minor sees FY2020 EPS of $0.50-$0.60, versus the consensus of $0.76.

• The Company’s outlook reflects reinvestment in the core businesses, lost income associated with the pending divestiture of Movianto, the impact of recent financing activity, and customer non-renewals in the first three quarters of 2019, partially offset by further operating efficiencies and continued strong performance in our non-Medical Distribution businesses. The Company believes that the aforementioned investments will position it to generate sustained annual double-digit earnings growth beyond 2020. Adjusted net income for 2020 is expected to be in a range of $0.50 to $0.601 per share.

For earnings history and earnings-related data on Ownes & Minor (OMI) click here.

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