By Denny Jacob
Owens & Minor posted slightly higher revenue in its latest quarter and said its in active discussions regarding a potential sale for its products and healthcare services segment.
"Within P&HS we continue to see momentum in broadening our product portfolio," said Chief Executive Edward Pesicka.
The Mechanicsville, Va., healthcare-logistics company recorded revenue of about $2.70 billion compared to $2.66 billion in the prior-year period. Analysts polled by FactSet expected $2.68 billion.
Owens & Minor swung to a loss of $296.1 million, or $3.84 a share, in the fourth quarter, compared to net income of $17.8 million, or 23 cents a share, in the prior-year period.
For 2025, the company expects revenue between $10.85 billion and $11.15 billion, as well as adjusted earnings per-share between $1.60 and $1.65. Analysts polled by FactSet expected $10.97 billion in revenue and adjusted earnings per-share around $1.79.
Shares are up 7.3% to $7.39 in premarket trading on Friday.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 28, 2025 06:55 ET (11:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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