“Our recent announcement on the sale of our Products & Healthcare Services segment is another meaningful step in our strategy to pivot our focus to the more attractive home-based care space. We are keenly focused on reshaping our organization as one built around our Patient Direct platform and the long-term growth opportunities within home-based care. An example of this focus on growth is our recently announced nationwide preferred provider partnership agreement,” said Edward A. Pesicka, President & Chief Executive Officer, Owens & Minor.
“Looking ahead, we will be a simpler, stronger company that is better positioned to execute on our mission of serving patients with chronic conditions in the home and are excited about the next chapter for our business. We are confident that the breadth of our offerings and our nationwide reach provide a unique capability to succeed in the future of home-based care. With our focus now centered entirely on Patient Direct, our capital deployment, strategic direction, and execution are unified to drive sustainable growth and long-term value creation,” Pesicka concluded.
| Third Quarter Results(1) |
|
|
|
|
|
|
| YTD |
| YTD | |||||
| ($ in millions, except per share data) |
| 3Q25 |
| 3Q24 |
| 2025 |
| 2024 | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
| Revenue |
| 697.3 |
|
| 686.8 |
| 2,053.1 |
|
| 1,985.1 |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
| (Loss) income from continuing operations, net of tax, GAAP |
| (5.6 |
| 1.3 |
| (93.2 |
| (18.9 | |||||||
| Adj. net income from continuing operations, Non-GAAP |
| 19.9 |
|
| 28.2 |
| 63.6 |
|
| 50.1 |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
| Adj. EBITDA, Non-GAAP |
| 92.2 |
|
| 107.7 |
| 284.8 |
|
| 268.0 |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
| (Loss) income from continuing operations, net of tax per common share, GAAP |
| (0.07 |
| 0.02 |
| (1.21 |
| (0.25 | |||||||
| Adj. net income from continuing operations per share, Non-GAAP |
| 0.25 |
|
| 0.36 |
| 0.80 |
|
| 0.64 |
| ||||
| (1) | Reconciliations of the differences between the non-GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below. |
2025 Continuing Operations Financial Outlook
The Company reaffirmed financial guidance; summarized below:
Although the Company does provide guidance for adjusted EPS and adjusted EBITDA (which are non-GAAP financial measures), it is not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP without unreasonable effort. Certain elements of the composition of the GAAP amounts are not predictable, making it impracticable for the Company to forecast. Such elements include, but are not limited to, restructuring and acquisition charges which could have a significant and unpredictable impact on our GAAP results. As a result, no GAAP guidance or reconciliation of the Company’s adjusted EPS or adjusted EBITDA guidance is provided. The outlook is based on certain assumptions that are subject to the risk factors discussed in the Company’s filings with the SEC.
Investor Conference Call for Third Quarter 2025 Financial Results
Owens & Minor will host a conference call for investors and analysts on Thursday, October 30, 2025, at 5:00 p.m. EDT. Participants may access the call via the toll-free dial-in number at 1-888-300-2035, or the toll dial-in number at 1-646-517-7437. The conference ID access code is 1058917. All interested stakeholders are encouraged to access the simultaneous live webcast by visiting the Investor Relations page of the Owens & Minor website available at investors.owens-minor.com/events-and-presentations/. A replay of the webcast can be accessed following the presentation at the link provided above.
Safe Harbor
This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the SEC’s Fair Disclosure Regulation. This release contains certain “forward looking” statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the statements in this release regarding our future prospects and performance, including our expectations with respect to our financial performance, our 2025 financial results, the anticipated sale of the Products & Healthcare Service business, whether the anticipated sale of the Products & Healthcare Service business will be consummated in a timely manner or at all, our expectations regarding the performance of our business following the completion of the anticipated sale of the Products & Healthcare Service business, our cost saving initiatives, future indebtedness and growth, industry trends, as well as statements related to our expectations regarding the performance of our business, including our ability to address macro and market conditions. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Investors should refer to Owens & Minor’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, including the section captioned “Item 1A. Risk Factors,” as applicable, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with or furnished to the SEC, for a discussion of certain known risk factors that could cause the Company’s actual results to differ materially from its current estimates. These filings are available at www.owens-minor.com. Given these risks and uncertainties, Owens & Minor can give no assurance that any forward-looking statements will, in fact, transpire and, therefore, cautions investors not to place undue reliance on them. Owens & Minor specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
About Owens & Minor
Owens & Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company providing essential products and services that support care from the hospital to the home. For over 100 years, Owens & Minor and its affiliated brands, Apria®, Byram® and HALYARD*, have helped to make each day better for the patients, providers, and communities we serve. Powered by more than 20,000 teammates worldwide, Owens & Minor delivers comfort and confidence behind the scenes so healthcare stays at the forefront. Owens & Minor exists because every day, everywhere, Life Takes Care™. For more information about Owens & Minor and our affiliated brands, visit owens-minor.com or follow us on LinkedIn and Instagram.
*Registered Trademark or Trademark of O&M Halyard or its affiliates.
| Owens & Minor, Inc. | ||||||||
| Consolidated Statements of Operations (unaudited) | ||||||||
| (dollars in thousands, except per share data) | ||||||||
|
|
| Three Months Ended September 30, | ||||||
|
|
| 2025 |
| 2024 | ||||
| Net revenue |
| $ | 697,264 |
|
| 686,846 |
| |
| Operating costs and expenses: |
|
|
|
|
|
| ||
| Cost of net revenue |
|
| 375,067 |
|
|
| 355,075 |
|
| Selling, general and administrative expenses |
|
| 265,838 |
|
|
| 272,322 |
|
| Acquisition-related charges and intangible amortization |
|
| 29,229 |
|
|
| 14,855 |
|
| Exit and realignment charges, net |
|
| 660 |
|
|
| 13,515 |
|
| Total operating costs and expenses |
|
| 670,794 |
|
|
| 655,767 |
|
| Operating income |
|
| 26,470 |
|
|
| 31,079 |
|
| Interest expense, net |
|
| 29,029 |
|
|
| 28,953 |
|
| Other expense, net |
|
| 1,076 |
|
|
| 1,168 |
|
| (Loss) income from continuing operations before income taxes |
|
| (3,635 | ) |
|
| 958 |
|
| Income tax provision (benefit) |
|
| 1,972 |
|
|
| (303 | |
| (Loss) income from continuing operations, net of tax |
|
| (5,607 | ) |
|
| 1,261 |
|
| Loss from discontinued operations, net of tax |
|
| (144,669 | ) |
|
| (14,031 | |
| Net loss |
| $ | (150,276 | ) |
| (12,770 | ||
|
|
|
|
|
|
|
| ||
| Basic loss per common share |
|
|
|
|
|
| ||
| (Loss) income from continuing operations, net of tax |
| $ | (0.07 | ) |
| 0.02 |
| |
| Loss from discontinued operations, net of tax |
|
| (1.87 | ) |
|
| (0.19 | |
| Net loss |
| $ | (1.94 | ) |
| (0.17 | ||
|
|
|
|
|
|
|
| ||
| Diluted loss per common share |
|
|
|
|
|
| ||
| (Loss) income from continuing operations, net of tax |
| $ | (0.07 | ) |
| 0.02 |
| |
| Loss from discontinued operations, net of tax |
|
| (1.87 | ) |
|
| (0.18 | |
| Net loss |
| $ | (1.94 | ) |
| (0.16 | ||
| Owens & Minor, Inc. | ||||||||
| Consolidated Statements of Operations (unaudited) | ||||||||
| (dollars in thousands, except per share data) | ||||||||
|
|
| Nine Months Ended September 30, | ||||||
|
|
| 2025 |
| 2024 | ||||
| Net revenue |
| $ | 2,053,065 |
|
| 1,985,089 |
| |
| Operating costs and expenses: |
|
|
|
|
|
| ||
| Cost of net revenue |
|
| 1,087,024 |
|
|
| 1,037,700 |
|
| Selling, general and administrative expenses |
|
| 796,061 |
|
|
| 812,453 |
|
| Transaction breakage fee |
|
| 80,000 |
|
|
| — |
|
| Acquisition-related charges and intangible amortization |
|
| 66,603 |
|
|
| 42,905 |
|
| Exit and realignment charges, net |
|
| 16,826 |
|
|
| 37,062 |
|
| Total operating costs and expenses |
|
| 2,046,514 |
|
|
| 1,930,120 |
|
| Operating income |
|
| 6,551 |
|
|
| 54,969 |
|
| Interest expense, net |
|
| 79,252 |
|
|
| 79,949 |
|
| Transaction financing fees, net |
|
| 18,288 |
|
|
| — |
|
| Other expense, net |
|
| 2,993 |
|
|
| 2,869 |
|
| Loss from continuing operations before income taxes |
|
| (93,982 | ) |
|
| (27,849 | |
| Income tax benefit |
|
| (743 | ) |
|
| (8,974 | |
| Loss from continuing operations, net of tax |
|
| (93,239 | ) |
|
| (18,875 | |
| Loss from discontinued operations, net of tax |
|
| (951,077 | ) |
|
| (47,695 | |
| Net loss |
| $ | (1,044,316 | ) |
| (66,570 | ||
|
|
|
|
|
|
|
| ||
| Basic loss per common share |
|
|
|
|
|
| ||
| Loss from continuing operations, net of tax |
| $ | (1.21 | ) |
| (0.25 | ||
| Loss from discontinued operations, net of tax |
|
| (12.34 | ) |
|
| (0.62 | |
| Net loss |
| $ | (13.55 | ) |
| (0.87 | ||
|
|
|
|
|
|
|
| ||
| Diluted loss per common share |
|
|
|
|
|
| ||
| Loss from continuing operations, net of tax |
| $ | (1.21 | ) |
| (0.25 | ||
| Loss from discontinued operations, net of tax |
|
| (12.34 | ) |
|
| (0.62 | |
| Net loss |
| $ | (13.55 | ) |
| (0.87 | ||
| Owens & Minor, Inc. | |||||||
| Condensed Consolidated Balance Sheets (unaudited) | |||||||
| (dollars in thousands) | |||||||
|
|
| September 30, |
| December 31, | |||
| Assets |
|
|
|
|
|
| |
| Current assets |
|
|
|
|
|
| |
| Cash and cash equivalents |
| $ | 32,837 |
|
| 27,572 | |
| Accounts receivable, net |
|
| 202,731 |
|
|
| 218,270 |
| Inventories |
|
| 63,847 |
|
|
| 67,581 |
| Other current assets |
|
| 68,129 |
|
|
| 82,240 |
| Current assets of discontinued operations |
|
| 1,764,129 |
|
|
| 1,625,354 |
| Total current assets |
|
| 2,131,673 |
|
|
| 2,021,017 |
| Patient service equipment and other fixed assets, net |
|
| 259,729 |
|
|
| 249,283 |
| Operating lease assets |
|
| 119,093 |
|
|
| 126,928 |
| Goodwill |
|
| 1,228,140 |
|
|
| 1,228,140 |
| Intangible assets, net |
|
| 165,694 |
|
|
| 210,056 |
| Other assets, net |
|
| 131,897 |
|
|
| 89,539 |
| Noncurrent assets of discontinued operations |
|
| — |
|
|
| 731,193 |
| Total assets |
| $ | 4,036,226 |
|
| 4,656,156 | |
| Liabilities and equity |
|
|
|
|
|
| |
| Current liabilities |
|
|
|
|
|
| |
| Accounts payable |
| $ | 339,728 |
|
| 359,927 | |
| Accrued payroll and related liabilities |
|
| 45,231 |
|
|
| 73,678 |
| Current portion of long-term debt |
|
| 280,000 |
|
|
| 42,866 |
| Other current liabilities |
|
| 455,203 |
|
|
| 294,685 |
| Current liabilities of discontinued operations |
|
| 1,345,805 |
|
|
| 1,080,896 |
| Total current liabilities |
|
| 2,465,967 |
|
|
| 1,852,052 |
| Long-term debt, excluding current portion |
|
| 1,835,261 |
|
|
| 1,798,393 |
| Operating lease liabilities, excluding current portion |
|
| 81,352 |
|
|
| 89,466 |
| Deferred income taxes, net |
|
| — |
|
|
| 19,436 |
| Other liabilities |
|
| 83,153 |
|
|
| 72,551 |
| Noncurrent liabilities of discontinued operations |
|
| — |
|
|
| 237,894 |
| Total liabilities |
|
| 4,465,733 |
|
|
| 4,069,792 |
| Total (deficit) equity |
|
| (429,507 | ) |
|
| 586,364 |
| Total liabilities and equity |
| $ | 4,036,226 |
|
| 4,656,156 | |
| Owens & Minor, Inc. | ||||||||
| Consolidated Statements of Cash Flows (unaudited) | ||||||||
| (dollars in thousands) | ||||||||
|
|
| Three Months Ended September 30, | ||||||
|
|
| 2025 |
| 2024 | ||||
| Operating activities: |
|
|
|
|
|
| ||
| Net loss |
| $ | (150,276 | ) |
| (12,770 | ||
| Adjustments to reconcile net loss to cash (used for) provided by operating activities: |
|
|
|
|
|
| ||
| Depreciation and amortization |
|
| 64,099 |
|
|
| 61,614 |
|
| Loss on classification to held for sale |
|
| 122,500 |
|
|
| — |
|
| Share-based compensation expense |
|
| 2,341 |
|
|
| 5,680 |
|
| Loss on extinguishment of debt |
|
| — |
|
|
| 311 |
|
| Deferred income tax benefit |
|
| (41,454 | ) |
|
| (6,090 | |
| Changes in operating lease right-of-use assets and lease liabilities |
|
| (14,162 | ) |
|
| 3,390 |
|
| Gain from sale and dispositions of patient service equipment and other fixed assets |
|
| (7,063 | ) |
|
| (9,806 | |
| Changes in operating assets and liabilities: |
|
|
|
|
|
| ||
| Accounts receivable, net |
|
| (30,375 | ) |
|
| 7,231 |
|
| Inventories |
|
| 9,225 |
|
|
| (9,356 | |
| Accounts payable |
|
| (156,004 | ) |
|
| (39,110 | |
| Net change in other assets and liabilities |
|
| 25,949 |
|
|
| 24,236 |
|
| Other, net |
|
| 2,700 |
|
|
| 1,977 |
|
| Cash (used for) provided by operating activities |
|
| (172,520 | ) |
|
| 27,307 |
|
| Investing activities: |
|
|
|
|
|
| ||
| Additions to patient service equipment and other fixed assets Für dich aus unserer Redaktion zusammengestelltHinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Weitere Artikel des AutorsThemen im Trend | ||||||||