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Owens CM & Minor Owens & Minor Reports 3rd Quarter Financial Results November 3 , 2021 Continued Expansion of Operating Margin in Global Solutions Narrows Range for 2021 guidance and Affirms previously announced 2022 guidance RICHMOND , Va .-- ( BUSINESS WIRE ) -- Nov . 3 , 2021-- Owens & Minor , Inc. ( NYSE - OMI ) today reported financial results for the third quarter of 2021 , as summarized in the table below . " I'm pleased that in the third quarter , we continued on our path to a record setting year . Our performance reflects the results of consistently providing high quality service and value to our customers while strengthening the financial position of the company , " said Edward A. Pesicka , President & Chief Executive Officer of Owens & Minor . Pesicka added , " We saw continued top and bottom - line momentum in our Global Solutions segment as a result of share gains as customers recognize our ability to provide scalable and flexible solutions , combined with the market reception to our unique value chain and the goodwill obtained from our response to the pandemic . " In our Global Products segment the advantage of having Americas owned and operated manufacturing facilities enables us to consistently provide our Halyard branded medical grade products with minimal impact from global supply chain disruptions . This resulted in both sequential and year - over - year volume growth in our PPE products . " The strength of our year - to - date results and our continued execution of our long - term strategy allows us to narrow the range of our full - year 2021 guidance for adjusted EPS of $ 3.90 to $ 4.10 and adjusted EBITDA of $ 475 million to $ 500 million as well as reaffirm our previously announced 2022 guidance , " Pesicka concluded . Financial Summary ( 1 ) ( $ in millions , except per share data ) Revenue Year - over - Year Revenue Growth of over 14 % Operating Income , GAAP Adj . Operating Income , Non - GAAP Income from continuing operations , GAAP Adj . Net Income , Non - GAAP Adj . EBITDA , Non - GAAP 3Q21 $ 2,502 • Adjusted Net Income of $ 56 million reflects : o Strong year - over - year revenue growth o Margin expansion in Global Solutions o Partial offset of accelerating inflationary pressures o $ 9.4 million , or 45 % decrease in interest expense $ 62.9 $ 79.3 $ 44.1 $ 56.5 $ 91.7 $ 0.58 3Q20 $ 0.74 $ 2,188 $ 75.6 $ 306.5 $ 46.1 $ 92.2 $ 357.5 $ 49.0 $ 103.2 YTD 2021 $ 0.76 $ 7,318 $ 0.81 $ 179.6 $ 248.0 $ 2.38 YTD 2020 Income from continuing operations per share , GAAP Adj . Net income per share , Non - GAAP ( 2 ) ( 1 ) Financial results relate to continuing operations . Reconciliations of the differences between the non - GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below . $ 3.29 $ 6,118 $ 108.5 $ 158.5 $ 394.9 $ 195.9 • Significant increase in year - over - year third quarter revenue by over 14 % driven by : o Over 8 % growth in Global Solutions revenue as a result of share gains , our effective response to the ongoing $ 37.3 $ 63.9 $ 0.61 ( 2 ) Adjusted net income per share , Non - GAAP for 3Q21 was unfavorably impacted as compared to prior year by foreign currency translation in the amount of $ 0.06 and , unfavorably impacted by $ 0.03 for the 2021 year - to - date period . 3rd Quarter 2021 Highlights $ 1.05