{"id":1275,"date":"2024-04-19T16:43:39","date_gmt":"2024-04-19T16:43:39","guid":{"rendered":"https:\/\/chandigarhcab.co.in\/pharma\/?p=1275"},"modified":"2024-05-02T08:20:13","modified_gmt":"2024-05-02T08:20:13","slug":"healthy-demand-for-home-based-care-products-propel-healthcare-logistics-firm","status":"publish","type":"post","link":"https:\/\/chandigarhcab.co.in\/pharma\/healthy-demand-for-home-based-care-products-propel-healthcare-logistics-firm\/","title":{"rendered":"Healthy Demand For Home-Based Care Products Propel Healthcare Logistics Firm"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Owens &amp; Minor Inc (NYSE OMI) reported fourth-quarter 2023 adjusted EPS of $0.69, up from $0.28 a year ago and beating the consensus of $0.66. Revenues increased 4% year-on-year (Y\/Y) to $2.66 billion, in line with the consensus.<\/p>\n<p>Patient Direct revenue of $664 million increased 8% Y\/Y from strong growth in several product categories.<\/p>\n<p>Products &amp; Healthcare Services revenue of nearly $2 billion, up 3% compared to the fourth quarter of 2022, with growth in both the Medical Distribution and Global Products divisions.<\/p>\n<p>Owens &amp; Minor\u2019s fourth quarter operating income was $60 million, and adjusted operating income was $111 million, thanks to larger income contributions from the Patient Direct segment.<\/p>\n<p>\u201cOur Patient Direct segment continued to outperform the market, showcasing the ongoing effectiveness of our go-to-market strategies on top of the healthy demand for home-based care. Our Products and Healthcare Services segment displayed meaningful sequential revenue and profit improvements resulting from our intense focus and execution of our strategic initiatives,\u201d said Edward A. Pesicka, President and CEO.<\/p>\n<p>The company generated $112 million of operating cash flow in the fourth quarter, driven by strong working capital improvement and operating results, and reduced total debt by $49 million and net debt by $76 million.<\/p>\n<p><strong>Source :<\/strong> Yahoo Finance<br \/>\n<strong>Source URL :<\/strong> <a href=\"https:\/\/finance.yahoo.com\/news\/healthy-demand-home-based-care-200006316.html\">https:\/\/finance.yahoo.com\/news\/healthy-demand-home-based-care-200006316.html<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Owens &#038; Minor Inc (NYSE OMI) reported fourth-quarter 2023 adjusted EPS of $0.69, up from $0.28 a year ago and beating <\/p>\n","protected":false},"author":1,"featured_media":2513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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