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Home » Owens & Minor Sales Grow 11% in 2009

Owens & Minor Sales Grow 11% in 2009

By    MDM  Staff 
February 8, 2010
More about:  Pharmaceutical
Fourth quarter sales for the distributor of national name-brand medical and surgical supplies increased 4.2%.
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Owens & Minor (NYSE: OMI), Richmond, VA, reporter sales for 2009 were $8.04 billion, an increase of 11% from 2008. Profit increased 12.1% to $104.7 million.

For the fourth quarter ended Dec. 31, 2009, sales were $2.04 billion, an increase of 4.2% from the same period a year ago. Profit increased 60.1% to $32.3 million.

"Based on historical trends, we believe that we will pick up momentum during the course of 2010, as we gain leverage from our strategic investments and begin realizing further improvements in operating margin," said Craig R. Smith, president and CEO of the distributor of national name-brand medical and surgical supplies.

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