Owens & Minor, Inc. Revises Earnings Guidance for the Year Ended December 31, 2017
January 01, 2018 at 04:21 am IST
Share
Owens & Minor, Inc. released preliminary financial results for 2017, which reflect the impact of a challenging operating environment, as well as the estimated benefit from new tax legislation. Owens & Minor expects that net income per diluted share will be in a range $1.17 to $1.20 for the year ended December 31, 2017. The company estimates that non-GAAP adjusted net income per diluted share for the period will be in a range of $1.58 to $1.61, excluding an estimated benefit of $0.55 to $0.60 from recently enacted tax reform legislation. The company also believes that annual revenues will be in a range of $9.20 billion to $9.32 billion. The company’s prior 2017 outlook for non-GAAP adjusted net income per diluted share was a range of $1.75 to $1.85, which did not reflect a benefit from recently enacted tax reform legislation.
Owens & Minor, Inc. is a global healthcare solutions company providing essential products and services that support care from the hospital to the home. The Company operates through two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a comprehensive portfolio of products and services to healthcare providers and manufacturers. Its portfolio of medical and surgical supplies includes branded products purchased from manufacturers and its own proprietary products. Its service offerings to healthcare providers include supplier management, analytics, inventory management, and clinical supply management. It also offers a variety of programs providing outsourced logistics and marketing solutions to its suppliers as well. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies and a provider of integrated home healthcare equipment and related services.