Owens & Minor Releases 2nd Quarter 2010 Financial Results; Reports Improvement in Earnings

RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc., (NYSE:OMI) today reported financial results for the second quarter ended June 30, 2010, including quarterly revenue of $2.02 billion, improved slightly from revenue of $2.01 billion for the second quarter last year. Income from continuing operations for the quarter was $29.5 million, or $0.46 per diluted share, increased 6.1% when compared to income from continuing operations of $27.8 million, or $0.44 per diluted share, in the second quarter of 2009. Net income for the second quarter was $29.5 million, or $0.46 per diluted share, improved 24.6% from $23.6 million, or $0.38 per diluted share, for the comparable period last year. For the second quarter 2009, the company recorded a loss from discontinued operations of $4.1 million, or $0.06 per diluted share, resulting primarily from pre-tax charges associated with exiting the direct-to-consumer diabetes supply business (DTC).
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