Quarterlytics / Healthcare / Medical - Distribution / Owens & Minor

Owens & Minor

omi · NYSE Healthcare
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Ticker omi
Exchange NYSE
Sector Healthcare
Industry Medical - Distribution
Employees 5001-10,000
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FY2024 Annual Report · Owens & Minor
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| 2024 ANNUAL REPORT

COMPANY OVERVIEW
Owens & Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company providing essential products and
services that support care from the hospital to the home. For over 100 years, Owens & Minor and its affiliated brands,
Apria® , Byram®, and HALYARD*, have helped to make each day better for the patients, providers, and communities we
serve. Powered by more than 20,000 teammates worldwide, Owens & Minor delivers comfort and confidence behind the
scenes so healthcare stays at the forefront. Owens & Minor exists because every day, everywhere, Life Takes Care™.
For more information about Owens & Minor and our affiliated brands, visit owens-minor.com.
*Registered Trademark orTrademarkof O&MHalyard or its affiliates
EDWARD A. PESICKA
President & Chief Executive Officer
JONATH
A
AN A. LEON
Executive Vice President & Chief Financial Officer
ANDREW G. LONG
Executive Vice President & Chief Executive Officer,
Products & Heathcare Services
PERRY A. BERNOCCHI
Executive Vice President & Chief Executive Officer,
Patient Direct
HEATH H. GALLOWAY
W
Executive Vice President, General Counsel & Corporate
Secretary
MICHAEL W. LOWRY
Senior Vice President, Corporate Controller & Chief
Accounting Officer
SNEHASHISH SARKAR
Executive Vice President, Chief Information Officer
JENNIFER A. STONE
Executive Vice President, Chief Human Resources Officer
CORPORATE OFFICERS
MARK A. BECK (1*,3, 4)
Chair of the Board of Owens & Minor, Inc.
Co-founder and Owner, B-Square Precision, LLC
Former President & Chief Executive Officer, JEN-WELD
Holding, Inc.
EDWARD A. PESICKA (1)
President & Chief Executive Officer, Owens & Minor, Inc.
GWENDOLYN M. BINGHAM (1,4*)
Retired United States Army Lieutenant General (Three-
star)
KENNETH GARDNER-SMITH (3)
Chief Executive Officer, Veritas Veterinary Partners
ROBERT J. HENKEL (1,3*)
Retired President & Chief Executive Officer, Ascension
Healthcare
RITA F. JOHNSON-MILLS (4)
President (Southern Region), CINQCARE
STEPHEN W. KLEMASH (1, 2*)
Retired Partner, Ernst & Young LLP
Former Lead Partner, Ernst & Young Americas Center for
Board Matters
TERESA L. KLINE (2)
Retired President & Chief Executive Officer of Health
Alliance Plan of Michigan and Executive Vice President of
Henry Ford Health System
CARISSA L. ROLLINS (2)
Chief Information Office, Illumina, Inc.
BOARD OF DIRECTORS
Board Committees:
1 Executive Committee
2 Audit Committee
* Denotes Committee Chair
3 Our People & Culture Committee
4 Governance & Nominating Committee

Reflecting on 2024, Owens & Minor made considerable progress toward delivering
on the strategic vision that we first shared with investors in December 2023. As
Owens & Minor improved its overall financial flexibility, we also continued to
invest and further strengthen operations in both of our business segments. Patient
Direct built on the market leadership and expertise of our Apria and Byram brands
to achieve solid growth, and we remain excited about the prospect of further
improving the home-based care experience through our planned acquisition of
Rotech. Within Products & Healthcare Services, we gained momentum in our
rapidly expanding product portfolio as well as enhancements and efficiencies to
our manufacturing and distribution capabilities. Highlights from 2024 include:
•
Continued strengthening Patient Direct and building a platform for growth:
Our Patient Direct business continued to outpace the market with mid-single-
digit growth in 2024, making significant progress in terms of revenue cycle
management and expansion in our sleep supply program. The addition of sales
teammates also helped us deliver double-digit growth in many smaller Patient
Direct categories.
•
Announced the planned acquisition of Rotech, Inc: In July 2024, Owens & Minor entered into a definitive
agreement to acquire Rotech, a privately held home-based care business providing products and services to
patients in 46 states. The addition of Rotech will help strengthen Patient Direct product offerings to patients,
payors and providers through expansion across a complementary portfolio including respiratory, sleep
apnea, diabetes, and wound care, in addition to providing access to the durable medical equipment market.
•
Began to see tangible early benefits of realigning our Products & Healthcare Services segment: In 2024, the
segment continued to show solid sales growth in our medical distribution division. We also made significant
progress in capturing savings and subsequently reinvesting those dollars into driving even more efficiencies
and improving operations. Products & Healthcare Services also dramatically expanded its proprietary
product portfolio with the launch of more than 600 new product SKUs.
I am incredibly proud of how Owens & Minor teammates continued to demonstrate our commitment to
Life Takes Care™. In 2024, our teammates personally connected to our Purpose through their tireless support of
our customers, communities, and each other during a record-setting year of fires, hurricanes, and other natural
disasters that were felt across the country. I look forward to the year ahead and to working alongside my fellow
Owens & Minor teammates as we harness that collective Purpose to help improve the lives of the patients,
providers, and communities we’re proud to serve.
Sincerely,
Edward A. Pesicka
President & Chief Executive Officer
Owens & Minor, Inc.
Dear Shareholders, Customers, Teammates, and Friends:
EDWARD A. PESICKA
President & Chief Executive Officer
Owens & Minor, Inc.


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CORPORATE INFORMATION
ANNUAL SHAREHOLDERS’ MEETING
The Annual Meeting of Owens & Minor, Inc.’s shareholders
will be held at 9:00 a.m. EDT on Thursday, May 15, 2025,
virtually via the Internet. Shareholders can access the Annual
Meeting by visiting : www.meetnow.global/MTZ6XSM
TRANSFER AGENT, REGISTRAR AND DIVIDEND
DISBURSING AGENT
Computershare Inc.
P.O Box 43006
Providence, RI 02940-3006
By Overnight Delivery to:
Computershare Inc.
150 Royall Street, Suite 101
Canton, MA 02021 United States
Website: www.computershare.com/investor
Toll-free: 1-866-252-0358
(Inside the United States and Canada)
1-201-680-6578
(Outside the United States and Canada)
DIRECT STOCK PURCHASE PLAN
Our transfer agent, Computershare Inc. (Computershare),
offers a Direct Purchase & Sale Plan for shares of
Owens & Minor, Inc. common stock known as the
Computershare CIP Plan (CIP Plan). The CIP Plan offers
registered shareholders of Owens & Minor and interested
first-time investors a convenient way to buy, hold, and
sell shares of Owens & Minor common stock. Information
may be obtained through the “Buy Stock Direct” link at
www.computershare.com/ investor, or by contacting
Computershare (see contact information above).
SHAREHOLDER RECORDS
Correspondence concerning stock holdings, lost or missing
dividend checks, or changes of address for shares of
Owens & Minor, Inc.’s common stock should be directed to
Owens & Minor, Inc. in care of Computershare at one of the
addresses above.
DUPLICATE MAILINGS
When a shareholder owns shares in more than one
account, or when several shareholders live at the same
address, they may receive multiple copies of company
mailings. To eliminate duplicate mailings, please call
Computershare or consider enrolling in electronic delivery
(via Computershare’s website above), which offers secure
online access to financial documents and shareowner
communications.
INDEPENDENT AUDITORS
KPMG LLP, Richmond, Virginia
COMMUNICATIONS & INVESTOR RELATI
A
ONS
Owens & Minor, Inc.’s press releases are available at
www.owens-minor.com
Investor Relations
OMI@alpha-ir.com
INFORMATION FOR INVESTORS
The Company files annual, quarterly and current reports,
information statements and other information with the
Securities and Exchange Commission (SEC). The public
may read and copy any materials that the Company files
with the SEC at the SEC’s Public Reference Room at 100 F
Street, NE, Washington, D.C. 20549. The public may obtain
information on the operation of the Public Reference
Room by calling the SEC at 1-800-SEC-0330. The SEC also
maintains an Internet site that contains reports, proxy and
information statements, and other information regarding
issuers that file electronically with the SEC. The address
of that site is http://www.sec.gov. The address of the
Company’s website is www.owens-minor.com. Through
a link to the SEC’s internet site on the Investor Relations
portion of our website, we make available all of our filings
with the SEC, including our annual report on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form
8-K, and amendments to those reports, as well as beneficial
ownership reports filed with the SEC by directors, officers,
and other reporting persons relating to holdings in
Owens & Minor, Inc. securities. This information is available
as soon as the filing is accepted by the SEC.
CORPORATE GOVERNANCE
The Company’s Bylaws, Corporate Governance Guidelines,
Code of Honor and the charters of the Audit, Our People &
Culture, and Governance & Nominating Committees are
available on the Company’s website at
www.owens-minor. com and are available in print to any
shareholder upon request by writing to:
Corporate Secretary Owens & Minor, Inc.
10900 Nuckols Road
Suite 400
Glen Allen, Virginia 23060
COMMUNICATIONS WITH THE BOARD OF DIRECTORS
The Board of Directors has approved a process for
shareholders to send communications to the Board.
Shareholders can send written communications to the
Board, any committee of the Board, the Chair of the Board,
or any other individual director at the following address:
P.O. Box 27626, Richmond, Virginia 23261-7626.
CERTIFICATIONS
The Company’s Chief Executive Officer certified to the
New York Stock Exchange (NYSE) within 30 days after the
Company’s 2024 Annual Meeting of Shareholders that he
was not aware of any violation by the Company of NYSE
corporate governance listing standards. The Company also
filed with the SEC as exhibits 31.1, 31.2, 32.1 and 32.2 to its
Annual Report on Form 10-K for the year ended December
31, 2024, certifications by its Chief Executive Officer and
Chief Financial Officer.

CORPORATE OFFICE
804.723.7000
www.owens-minor.com
STREET ADDRESS
10900 Nuckols Road, Suite 400
Glen Allen, VA 23060
MAILING ADDRESS
Post Office Box 27626
Richmond, VA 23261-7626