Health Solutions Provider Owens & Minor's Q3 Earnings: Revenue And EPS Beat, Trims Annual Outlook

On Monday, Owens & Minor Inc. (NYSE:OMI) reported the third quarter of 2024 adjusted EPS of $0.42, down from $0.44 reported a year ago, beating the consensus of $0.41.

The company reported sales of $2.72 billion, up 5% year-over-year, beating the consensus of $2.68 billion.

Patient Direct revenue of $687 million, up 6% year-over-year, driven by strength in several categories led by diabetes and sleep supplies.

Products & Healthcare Services revenue of $2.0 billion, up 5%, driven primarily by strong same-store sales in the Medical Distribution division and one additional sales day.

Third quarter 2024 operating income of $24 million and ...