Healthcare Logistics Provider Owens & Minor Calls Q2 Performance Consistent With Expectations, Reiterates Annual Guidance
Portfolio Pulse from Vandana Singh
Owens & Minor Inc. (NYSE:OMI) reported Q2 2024 results with adjusted EPS of $0.36, beating the consensus of $0.33. Sales were $2.671 billion, up 4% year-over-year. The company reaffirmed its 2024 revenue guidance of $10.5 billion-$10.9 billion and adjusted EPS guidance of $1.40-$1.70. Despite the positive results, OMI stock was trading lower by 3.90% premarket.
August 02, 2024 | 12:54 pm
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Owens & Minor Inc. reported strong Q2 2024 results with adjusted EPS of $0.36, beating the consensus of $0.33. Sales were $2.671 billion, up 4% year-over-year. The company reaffirmed its 2024 revenue and EPS guidance. Despite the positive results, OMI stock was trading lower by 3.90% premarket.
Owens & Minor's strong Q2 performance, beating EPS expectations and reaffirming guidance, is positive news. However, the stock trading lower premarket suggests investor concerns or profit-taking. The overall impact is likely positive in the short term as the fundamentals are strong.
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