Owens & Minor Sales Up 38% in 2Q

In the second quarter, Owens & Minor posted net income $65.9 million compared to a net loss of $55 million last year.
Owens & Minor 1Q 2022 revenue

On Tuesday, Owens & Minor Inc. (NYSE: OMI), Richmond, Virginia, reported sales for the second quarter of $2.5 billion, up 38% year-over-year. The company posted net income in 2Q of $65.9 million, or $0.90 per share, compared to a net loss of $55 million, or $0.91 per share, last year.

“We delivered a solid second-quarter, led by outstanding performance in both of our segments. Our results demonstrate the underlying strength of the Global Products segment, and another quarter of improved performance in the Global Solutions segment,” said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor. “Our business blueprint continues to be the framework that helps drive our results as we begin to return to a more typical operating environment and helps us to achieve our long-term financial targets.”

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