![]() Conference call participants are required to register in advance to obtain call-in information prior to the start of the call. The live webcast will be available on Owens & Minor’s Investor Relations website in the Events & Presentations section. ET on the same day to review its financial results. The Company will host a conference call and simultaneous webcast for investors at 8:30 a.m. The Company plans to release financial results for the third quarter on Wednesday, Novemprior to market open on the New York Stock Exchange. Investor Conference Call for Third Quarter 2022 Financial Results Accordingly, the pace of change at Owens & Minor must accelerate and I believe the leadership changes announced today will provide the Company with the best opportunity to contend with these headwinds,” Pesicka concluded. “While the Patient Direct segment continues to perform well, the Products & Healthcare Services segment is facing more pressures than previously expected with the unfavorable macro-economic conditions that show no signs of abating, along with elevated customer stocking levels and continued lower than expected hospital procedure volume. Previous full year guidance for adjusted net income per share was in a range $2.85 - $3.15 and previous full year guidance for 2022 adjusted EBITDA was $570-$610 million. The Company has also updated its earnings guidance for 2022 and now expects adjusted net income per share to be in a range of $2.50 - $2.60 for the full year and adjusted EBITDA to be in a range of $527-$537 million. A reconciliation of the difference between the non-GAAP financial measure and the most comparable GAAP financial measure is included in a table below. For the third quarter, the Company expects to report GAAP net income per share in a range of $0.15 - $0.17 and expects adjusted net income per share (non-GAAP) to be in a range of $0.39 - $0.41. This broad experience has given Alex a view across the entire organization and a deep understanding of the global enterprise, preparing him very well for this new role,” said Andy Long.Īlso today, the Company provided preliminary results for the third quarter and updated guidance for full year 2022. “Alex has successfully served as the operating CFO of each segment as well as leading our corporate FP&A function. He has previously served as CFO and COO of Centerline Communications and as VP of Finance at Patheon. Pesicka, President and CEO.Īlex Bruni joined Owens & Minor in April 2020 and has served as SVP of Finance, first leading corporate FP&A, then progressing to become the finance leader of the Products & Healthcare Services segment and most recently, the Patient Direct segment. Andy has earned the confidence of myself and the Board of Directors as well our 20,000 teammates around the world and we are certain he is the right person for this role,” said Edward A. Andy is well prepared for these new responsibilities and has a track record of success - building a world-class finance organization, leading and strengthening our IT capabilities and developing and deploying the Owens & Minor Business System. ![]() “Andy has been a great leader at Owens & Minor and I am looking forward to having Andy in this role where his skillset will help drive the Products & Healthcare Services segment to a stronger future. Bruni has been promoted to EVP and CFO, replacing Long. ![]() Long has served as the Company’s EVP and CFO since joining the Company in November 2019. Long as EVP, CEO, Products & Healthcare Services segment, replacing Jeffrey T. (NYSE-OMI) today announced certain changes to its executive leadership team, including the appointment of Andrew G. RICHMOND, Va.-( BUSINESS WIRE)-Owens & Minor, Inc.
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