Owens & Minor shares are trading higher after the company reported preliminary Q2 financial results and issued FY24 guidance. The company entered into a definitive agreement to acquire Rotech Healthcare Holdings.
Portfolio Pulse from Benzinga Newsdesk
Owens & Minor shares are trading higher following the release of preliminary Q2 financial results and FY24 guidance. The company also announced a definitive agreement to acquire Rotech Healthcare Holdings.
July 23, 2024 | 3:19 pm
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Owens & Minor shares are trading higher after the company reported strong preliminary Q2 financial results and issued FY24 guidance. Additionally, the company announced a definitive agreement to acquire Rotech Healthcare Holdings.
The positive preliminary Q2 financial results and optimistic FY24 guidance are likely to boost investor confidence in Owens & Minor. The acquisition of Rotech Healthcare Holdings is also seen as a strategic move to expand the company's market presence, further driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100