Owens & Minor, Inc. (NYSE: OMI) reported financial results for the first quarter ended March 31, 2022. Revenue was $2.4 billion, up from the prior year’s $2.3 billion.
Net income was $39 million, a decrease from $69 million in the first quarter of 2021.
“The first quarter of 2022 marked an important milestone. We completed the largest acquisition in the company’s history. The team has done a great job executing our strategy and managing through a number of macro-economic headwinds, including inflation, over the last several quarters. We will continue to use the Owens & Minor business system and our differentiated model to minimize the impact of these headwinds, deliver another strong year, and remain on track to achieve our long-term objectives,” Owens & Minor President and CEO Edward A. Pesicka said.