Owens & Minor Revises Financial Guidance - Quick Facts

(RTTNews) - Owens & Minor, Inc. (OMI) announced, as a result of the closing of the Byram Healthcare transaction and the adoption of a revised non-GAAP presentation, the company revised its guidance on an adjusted basis for 2017 and 2018. The revised outlook for non-GAAP earnings per share in 2017 is $1.90 to $2.00. For 2018, the company updated guidance to $2.25 to $2.35 per share on an adjusted basis.

Owens & Minor believes that its strategic plan and the acquisition of Byram Healthcare will enable the company to achieve its stated goal of high single-digit growth rates in subsequent years.

Owens & Minor also announced that it has closed the previously announced acquisition of Byram Healthcare for $380 million. Owens & Minor expects the transaction to be modestly accretive to earnings in 2017, and anticipates further accretion to earnings in 2018.