FX.co ★ Owens & Minor Narrows FY24 Outlook Range - Update

On Monday, Owens & Minor, Inc. (OMI), a healthcare solutions firm, provided an update on its financial performance for the third quarter, narrowing its forecasted range for adjusted earnings and revenue for the full fiscal year 2024.

Owens & Minor now anticipates adjusted earnings between $1.45 and $1.55 per share, with revenue expectations set at $10.6 billion to $10.8 billion. This update refines the previous guidance, which projected adjusted earnings between $1.40 and $1.70 per share and revenues ranging from $10.5 billion to $10.9 billion.

Analysts, on average, as surveyed by Thomson Reuters, project the company will achieve earnings of $1.59 per share and revenues totaling $10.71 billion for the year. It's important to note that analysts typically exclude extraordinary items in their estimates.