Owens & Minor Sales Up 5% in 2Q - Modern Distribution Management

Owens & Minor Sales Up 5% in 2Q

Sales for the first six months increased 5.5 percent year-over-year.

Owens & Minor Inc. (NYSE: OMI), Richmond, VA, reported sales for the second quarter of $2.4 billion, up 5 percent year-over-year. Profit increased 21.9 percent to $24.2 million.

Sales growth was driven primarily by strength in the domestic segment (up 6 percent), while international segment sales were down 11.7 percent.

Year-to-date sales were $4.8 billion, up 5.5 percent from the prior-year period. Profit decreased 4.8 percent to $43.2 million.

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