BUZZ- Owens & Minor rises on plans to sell unit, Q4 profit beat
ReutersFeb 28, 2025 1:10 PM
Shares of medical supplies distributor Owens & Minor OMI.N rise 10.3% to $7.6 premarket
Co's Q4 profit beats estimates and OMI says it is in the process of selling its unit that distributes products to healthcare providers and manufacturers
Leerink Partners says the unit is slower-growing compared to its other business that distributes products directly to patients, and has a much lower margin structure
OMI also says its board has authorized a share repurchase worth $100 mln
Stock had fallen 25.3% since OMI's prelim Q4 revenue in early Feb missed analysts' estimate
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