Owens & Minor Shares Surge 39% on Earnings Beat and Growth Plans

Owens & Minor, Inc. (OMI) delivered an impressive fourth-quarter result, surpassing analyst expectations on both earnings and revenues. This resulted in a massive 39% surge in its share price on Friday. The company’s ongoing strategic transformation, including the potential sale of its Products and Healthcare Services (P&HS) segment and the pending acquisition of Rotech, has also boosted investor confidence, leading to the sharp rise in its share price.OMI’s focus on high-margin businesses, expansion in hom ...