The 2020 Mid-Year Economic Update_long

Owens & Minor Sales Up 6% in 1Q

Profit decreased 25.7 percent in the first quarter.

Owens & Minor Inc. (NYSE: OMI), Richmond, VA, reported sales for the first quarter of $2.4 billion, an increase of 6 percent year-over-year. Profit decreased 25.7 percent to $18.9 million.

Domestic segment sales for the first quarter were $2.3 billion, an increase of 6.4 percent year-over-year, while international segment sales were down 1.8 percent to $105.6 million.

"We are pleased with the solid results from the first quarter of this year,” said James L. Bierman, president and CEO. “The step-by-step investments that we have been making in our operations in the U.S. and Europe, along with the execution of our strategic initiatives, have enabled us to make significant progress toward our long-term goals."

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