Monday, Owens & Minor Inc. (OMI), a healthcare supply-chain management company, announced that its fourth-quarter net income increased from the previous year quarter.
The company recorded net income of $32.3 million or $0.77 per share, an increase of 60.1% compared to $20.2 million or $0.49 per share in the fourth quarter of 2008.
Income from continuing operations for the quarter increased to $32.0 million or $0.76 per share from $27.4 million or $0.66 per share for the same period last year, while revenue were $2.04 billion, up 4.2% from revenue of $1.96 billion in the fourth quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share on revenues of $2.08 billion for the quarter. Analysts' estimates typically exclude special items.
For 2009, the company reported that the net income increased 12.1% to $104.7 million or $2.50 per share, compared to net income of $93.3 million or $2.25 per share for the same period last year.
Income from continuing operations for the full year was $116.9 million or $2.79 per share, an increase of 15.4% compared to $101.3 million or $2.44 per share in 2008.
For the year ended December 31, 2009, revenue was $8.04 billion, increased 11.0% from revenue of $7.24 billion in 2008.
For fiscal 2010, the company expects revenue growth to be in a range of 4% to 6% compared to 2009, and income per share in a range of $2.90 to $3.05. Analysts expect the company to report earnings of $2.94 per share on revenues of $8.50 billion for fiscal 2010.
The Owens & Minor board of directors on February 8, 2010, approved a 15% increase in the first quarter 2010 dividend. The first quarter 2010 dividend of $0.265 per share is payable on March 31, 2010, to shareholders of record as of March 15, 2010.
OMI closed Monday's regular trading at $42.89 down $0.31 or 0.72% on the NYSE, however, in the after hour trading the stock price increased to $44.94 up $2.05 or 4.78%.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.