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Home » Distribution Industry News » Owens & Minor Reports First Quarter Results 

Date

  • Published on: May 4, 2022

Author

  • Jonathan Bein Jonathan Bein

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Distribution Industry News

Owens & Minor Reports First Quarter Results 

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.  

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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.  

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