Owens & Minor Reports 4th Quarter & Full-Year 2018 Financial Results

Owens & Minor Reports 4th Quarter & Full-Year 2018 Financial Results

5 years ago
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https://www.businesswire.com/news/home/20190219006072/en/

RICHMOND, Va.--(BUSINESS WIRE)--Feb 19, 2019--Owens & Minor, Inc. (NYSE: OMI) today reported financial results for the fourth quarter and the year ended December 31, 2018, as summarized in the table shown below.

“2018 was a year of change for Owens & Minor, and, although we faced challenges, we achieved our expectations for the fourth quarter adjusted results, excluding costs associated with the exit of our former chief executive officer,” said Robert C. Sledd, chairman and interim president & chief executive officer. “We are encouraged by the opportunities we see in the future and are aggressively addressing challenges in our distribution business. We have made progress in returning our distribution and logistics services to the Owens & Minor standard, but we still have work to do in 2019. We are focused on selling more proprietary and preferred vendor products to our extensive healthcare customer base, as we work to win and retain customers. In combination with positive momentum from Halyard and Byram Healthcare and investments that will support our future efforts, we believe we have the right tools, the right team, and the right strategy to realize a bright, long-term future.”