Owens & Minor falls as prelim Q4 revenue miss estimates

Accendra Health

03/02/2025 13:23

** Shares of medical supplies distributor Owens & Minor
 OMI.N  fall 1.9% to $13.98 premarket 
    ** Co reports preliminary Q4 revenue of $2.67 bln to $2.70
bln, below analysts' estimates of $2.73 bln - LSEG-compiled data
    ** Reports prelim Q4 adj. profit of 52 cents to 55 cents per
share, compared with estimates of 53 cents per share 
    ** Reports prelim Q4 adj. core earnings of $135 mln to $140
mln vs estimates of $155.51 mln
    ** "Today's announcement will likely create more questions
about underlying margins given the adjusted EBITDA
underperformance in the quarter (on softer revenues as well)" -
brokerage Leerink Partners
    ** Co also says it is commencing a process to raise
additional debt to finance its Rotech acquisition
    ** Co in July said it has agreed to buy medical equipment
firm Rotech Healthcare for $1.36 billion in cash to expand its
presence in home-based care
    ** Stock had fallen 32.2% in 2024

 (Reporting by Sneha  S K)
 ((Sneha.SK@thomsonreuters.com;))