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Healthy Demand For Home-Based Care Products Propel Healthcare Logistics Firm Owens & Minor's Q4 Performance

Owens & Minor Inc (NYSE OMI) reported fourth-quarter 2023 adjusted EPS of $0.69, up from $0.28 a year ago and beating the consensus of $0.66. Revenues increased 4% year-on-year (Y/Y) to $2.66 billion, in line with the consensus. Patient Direct revenue of $664 million increased 8% Y/Y from strong growth in several product categories. Products & Healthcare Services revenue of nearly $2 billion, up 3% compared to the fourth quarter of 2022, with growth in both the Medical Distribution and Global Pr

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