Medical and surgical supplies distributor Owens & Minor, Inc. (NYSE:OMI), Richmond, VA, reported sales for the first quarter ended March 31, 2012, were $2.22 billion, up 4.4 percent from the prior-year period. Profit was $29.4 million.
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"During the first quarter of 2012, we saw solid revenue growth and strong improvement in asset management and cash flows," said Craig R. Smith, president & chief executive officer of Owens & Minor. "Looking to the year ahead, our priorities include optimization of our large new account relationships, continued expense control, cash generation and achievement of milestones in our strategic initiatives."