Shares of Owens & Minor (NYSE:OMI) fell on Monday after the company's 2025 outlook failed to meet analysts' expectation, while also missing Q2 earnings estimates.
The company said it expects its full year adjusted profit in the range between $1.02 per share and $1.07 per share, below the consensus of $1.64 per share. It also sees revenue in the range between $2.76B and $2.82B.
The shares of the company have tanked 27% so far. YTD, the stock is down about 58%.
Owens & Minor also reported second quarter adjusted earnings of $0.26 per share, missing street estimate by $0.02 per share. Its quarterly revenue rose 3.3% to $681.9M.
"We are in the final stages of our robust process for the divestiture of the Products & Healthcare Services segment, and, as a result, have classified this segment as discontinued operations," CEO Ed Pesicka mentioned.
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