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Owens & Minor Posts Revenue Gains, Strong Operating Earnings, & Positive Cash Flow for 3rd Quarter 2009.

Publication: Investment Weekly News
Publication Date: 14-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Owens & Minor Posts Revenue Gains, Strong Operating Earnings, & Positive Cash Flow for 3rd Quarter 2009.(Financial report)

Article Excerpt
Owens & Minor (NYSE:OMI) reported financial results for the third quarter ended September 30, 2009, including record quarterly revenue of $2.03 billion, increased 13.9% when compared to revenue of $1.79 billion in the third quarter of 2008. Income from continuing operations for the quarter was $34.7 million, or $0.83 per diluted share, increased 36.8% when compared to $25.3 million, or $0.61 per diluted share, in the same period last year. Net income for the third quarter was $34.7 million, or $0.83 per diluted share, increased 37.2% when compared to net income in the same quarter of 2008.

In the third quarter of 2009, the company reported gross margin of $204.3 million, or 10.04% of revenues, compared to $178.7 million, or 10.00% of revenues, for the third quarter...

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