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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Owens & Minor, Inc.
Traded as NYSE: OMI
S&P 400 Component
Industry Healthcare
Founded 1882
Founder G. Gilmer Minor, Otho O. Owens
Headquarters Mechanicsville, Virginia
Headquarters
Key people
Cody Phipps,
CEO
Revenue Increase $9.7 billion USD (2016)
Net income
Increase $109 million USD (2016)
Website https://owens-minor.com

Owens & Minor (NYSE: OMI) is a Fortune 500 company based in Mechanicsville, Virginia, just outside of Richmond. Owens & Minor, Inc. is a healthcare logistics company specializing in contracting packages of healthcare products for hospitals. Owens & Minor's tagline is "Connecting the World of Medical Products to the Point of Care". The company provides supply chain services to healthcare providers and manufacturers of healthcare products, including disposable medical supplies as well as devices and implants. Owens and Minor has logistics operations in the United States and Europe, where three quarters of global healthcare spending occurs. Owens & Minor’s customers span the healthcare market from independent hospitals to large integrated healthcare networks, as well as group purchasing organizations, healthcare products manufacturers, and the federal government. Owens & Minor is headquartered in Mechanicsville, Virginia, and has annualized revenues exceeding $9 billion.

Owens & Minor initially opened as a drug company on the streets of downtown Richmond, Virginia in 1882, inside a historic building which still stands today. The company continued this business for over half a century, until in 1954 Gil Minor, Jr., bought out Bodeker Drug Company, a smaller operation in the same business. Within a few years, company profits skyrocketed, and Owens, Minor & Bodeker were a leading member in the industry.

In 1966, expansion came with the acquisition of local A&J Hospital Supply. This was the company's initial entrance to the market of medical and surgical distribution. By 1970, OMB had opened Cardinal Drug Centers to provide merchandising for more independent drug companies, and within two years the stores stocked more than 25,000 items. Around this time, disposable items were administered to hospitals for various medical procedures. G. Gilmer Minor III, of direct relation to the founder, became CEO in 1984. By 1988, Owens & Minor began trading on the New York Stock Exchange under the moniker OMI. It was around this time that revenues earned the company a Fortune 500 title.

By 1999, the corporation had refocused its pursuits towards medical supply chain management. Through consulting, providing solutions, and acting as a middle man between medical providers and vendors, Owens & Minor revolutionized the medical care process, streamlining efficiency and costs for both sides of the medical world. Throughout the 2000's, Owens & Minor acquired various medical distributors across the United States, notably the direct-to-consumer distributor McKesson Medical-Surgical Inc., a business unit of McKesson, for $152.1 million, on September 30, 2006. In 2012, Owens & Minor entered the European market, opening offices in Spain, France, Germany, Poland, and the Czech Republic after the acquisition of Movianto Group. In 2014, the corporation acquired ArcRoyal, a privately held medical kit company based in Dublin, Ireland.

Paul Cody Phipps has been the Chief Executive Officer and President at Owens & Minor Inc. since July 1, 2015. Phipps holds an MBA in Finance and Operations from the University of Chicago Graduate School of Business and a Bachelor's degree in Mechanical Engineering from Ohio State University. He is married and has four children. Owens & Minor annually employs around 5,600 teammates, scattered across various distribution centers around the United States.

In the 4th quarter of 2017, Owens & Minor will not relocate its headquarters to downtown Richmond, Virginia, but it will open a second office to host the new Customer Engagement Center (CEC). This is due to a business rebranding strategy implemented by the company. Owens & Minor is attempting to centralize business in effort to mainstream processes and increase efficiency in a more urban setting. "This announcement is an outstanding example of our continuing work building a new Virginia economy," said Virginia Governor Terry McAuliffe. Downtown Richmond has become a financial center in the last decade, hosting various corporations and banking entities such as Dominion Resources, SunTrust Bank, Capital One, UPS, BB&T, and Genworth Financial. The corporation will also continue to work out of its various offices across the United States.

Investment goal date:
Dividends reinvested
Owens & Minor, Inc. OMI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-30
--
--
Q4 2017
2018-02-12
--
--
Q4 2017
2018-02-11
--
--
Q3 2017
2017-11-01
0.4000
0.0000
Q2 2017
2017-08-01
0.4300
0.3300
Q1 2017
2017-05-02
0.4400
0.3100
Q4 2016
2017-02-14
0.5200
0.4500
Q3 2016
2016-11-01
0.5100
0.4800
Q2 2016
2016-08-02
0.5200
0.4500
Q1 2016
2016-05-03
0.5000
0.3900
Q4 2015
2016-02-08
0.5600
0.5100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACADIAN ASSET MANAGEMENT LLC
2193110
Bank of New York Mellon Corp
1091839
BlackRock Fund Advisors
3813282
BlackRock Inc.
7423066
BlackRock Institutional Trust Company, N.A.
1860775
DIMENSIONAL FUND ADVISORS LP
2567308
FMR LLC
2500000
JPMORGAN CHASE & CO
1609977
MACKENZIE FINANCIAL CORP
1020764
MACQUARIE GROUP LTD
1272360
NORTHERN TRUST CORP
1688814
PZENA INVESTMENT MANAGEMENT LLC
1579596
River Road Asset Management, LLC
1326815
STATE STREET CORP
2264425
Vanguard Group, Inc
6197814
Major Shareholders
Name Relationship
Total Shares
Holding stocks
WHITTEMORE ANNE M
0.0700% (41847)
ALB / OMI / TROW /
GERDELMAN JOHN W
0.0400% (23747)
BRCD / OMI / SCMR /
ROGERS JAMES E
0.0900% (58991)
NEU / OMI /
COLPO CHARLES C
0.0600% (38705)
OMI /
DAVIS ERIKA T
0.1000% (61107)
OMI /
ESSIG STUART
0.0400% (27585)
BIERMAN JAMES L
0.1500% (93277)
OMI / TMH /
SMITH CRAIG R
0.0200% (10758)
OMI /
SLEDD ROBERT C
0.0400% (22901)
OMI / POOL / UVV /
DENTTARTOG GRACE R
0.0900% (58642)
OMI /
MEIER RICHARD A
0.1600% (102880)
BMRN / OMI / STAA / TFX /
HILL BARBARA B
0.0100% (3746)
IART / OHI / OMI / STJ /
VAN SUMEREN MARK A
0.0400% (23598)
OMI /
PHIPPS PAUL CODY
0.4700% (297249)
CNW / OMI / RRD / USTR /
Mears Richard W
0.0600% (37928)
OMI /
Simpson William Marshall
0.0200% (14204)
OMI /
Romans Michael Jay
0.0200% (14698)
OMI /
Pace Nicholas J
0.0400% (25042)
OMI /
Marsh Martha H.
0.0300% (16065)
AHS / EW / OMI / THOR /
SIMMONS DAVID S
0.0200% (10721)
OMI /
Shotto Brian J
0.0300% (20812)
OMI /
Lowry Michael Wayne
0.0200% (10498)
OMI /
Healy Daniel Todd
0.0500% (33674)
OMI /
Marlatt Geoff Taylor
0.0600% (36382)
OMI /
Kordahi Rony Camil
0.0400% (26147)
OMI /
Olive Stephen Russell
0.0100% (8028)
OMI /
% ()