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Dec 31, 2020
Owens & Minor Q4 2020 Earnings Report
Reported record fourth quarter and full year earnings results, driven by sales growth, operating efficiencies, and product mix.
Key Takeaways
Owens & Minor reported strong Q4 2020 results with revenue growth of 8% year-over-year and significant increases in GAAP EPS and Adjusted EPS. The company benefited from increased demand for PPE and strong performance in its home healthcare business. They also reduced total debt by $303 million in the fourth quarter.
Q4 year-over-year revenue growth of 8%.
Q4 GAAP EPS of $0.72 and Adjusted EPS of $1.14 representing growth of nearly 400%.
Total company Q4 revenue growth was driven by increased demand for PPE and strong performance in home healthcare business.
Total debt reduced by $303 million in the fourth quarter.
Owens & Minor
Owens & Minor
Forward Guidance
The Company expects adjusted net income for 2021 to be in a range of $3.00 to $3.50 per share.
Positive Outlook
- Increase in PPE capacity and manufacturing efficiencies during 2021
- Pass through of exam glove cost increases will contribute $300-$500 million to top line, with minimal impact to profitability
- The strength of Q4 2020 elective procedures expected to continue through 1H 2021