Owens & Minor tumbles after Q2 revenue miss

Shares of medical supplies distributor Owens & Minor OMI.N fall 23.3% to $5.44

Co reports Q2 rev of $681.9 million from continuing operations vs analysts' average estimate of $2.73 billion, according to data compiled by LSEG

Says OMI is in final stages of divesting its Products & Healthcare Services business, which distributes products to healthcare providers and manufacturers

Co forecast 2025 rev from continuing operations between $2.76 billion and $2.82 billion

Analysts were expecting revenue of $3.03 billion from the remaining unit that distributes products directly to patients

Sees 2025 adj income per share ranging from $1.02 to $1.07

Including session moves, stock down ~57% YTD