Owens & Minor Q2 Profit Tops Estimate

(RTTNews) - Owens & Minor, Inc. (OMI) reported net income for the second quarter of $24.2 million or $0.39 per share, compared to $19.9 million or $0.32 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $29.1 million or $0.46 per share.

Net revenues for the second quarter rose 5% to $2.42 billion from $2.31 billion a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.45 per share on revenue of $2.42 billion for the second quarter. Analysts' estimates typically exclude special items.

The company company now forecasts 2015 adjusted earnings to be $1.85 to $1.95 per share, compared to its prior guidance of $1.90 to $1.95 per share to incorporate the impact of foreign currency and an estimated $0.05 impact from the recruitment and transition of the company's new chief executive officer.

Analysts currently expect the company to earn $1.92 per share for the full year 2015.