Upload
finance33
View
347
Download
0
Embed Size (px)
DESCRIPTION
Citation preview
Owens & Minor3Q 2008 Financial Results
Management Conference CallSupplemental Information
October 28, 2008
SAFE HARBOR
Except for historical information, the matters discussed in thispresentation may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risk factors are discussed in reports filed by the company with the Securities & Exchange Commission. All of this information is available at www.owens-minor.com. The company assumes no obligation, and expressly disclaims any such obligation, to update or alter information, whether as a result of new information, future events, or otherwise.
Revenue
$1,687 $1,748 $1,753 $1,795 $1,810
$0
$400
$800
$1,200
$1,600
$2,000
3Q07 4Q07 1Q08 2Q08 3Q08
(dollars in millions)
Gross Margin
10.57% 10.59%
10.67%
10.60%
10.70%
10.2%
10.4%
10.6%
10.8%
3Q07 4Q07 1Q08 2Q08 3Q08
(as a percent of revenues)
7.79%7.87% 7.82% 7.89%
7.79%
6.5%
8.2%
3Q07 4Q07 1Q08 2Q08 3Q08
(as a percent of revenues)
Selling, General &Administrative Expense
2.43% 2.33% 2.46% 2.33%2.55%
0.0%
1.6%
3.3%
3Q07 4Q07 1Q08 2Q08 3Q08
(as a percent of revenues)
Operating Earnings
Earnings per Share
$0.52 $0.55 $0.57$0.59 $0.61
$0.00
$0.20
$0.40
$0.60
3Q07 4Q07 1Q08 2Q08 3Q08
(diluted)
2008 Outlook
“With our excellent performance so far this year and our success in strengthening our relationships with our customers, we are continuing to target 2008 annual organic revenue growth in the 5% to 7% range,” said Smith. “We also continue to target net income per diluted share for the year in a range of $2.30 to $2.40, which includes the expected dilution in the fourth quarter from the Burrows acquisition.”
- press release dated October 27, 2008
Supplemental Information(dollars in millions)
$ 3.9 $ 1.7 $ 2.6 $ 0.9 $ 1.8 EBITDA(b)
2.7 2.7 2.5 2.4 2.1 Depreciation and amortization(a)
$ 1.2 $(1.0)$ 0.1$(1.5)$ (0.3)GAAP operating (losses) earnings
3Q074Q071Q082Q083Q08
Non-GAAP Reconciliation – Direct-to-Consumer
(a) Excludes amortization related to direct-response advertising costs.
(b) Earnings before interest, taxes, depreciation and amortization (EBITDA) is considered a non-GAAP financial measure under the SEC’s rules. Management believes that EBITDA is an important financial measure for use in evaluating the performance of the company’s Direct-to-Consumer (DTC) business, as it excludes charges for depreciation and amortization which relate primarily to business acquisitions and do not reflect the cash costs associated with operating the business. EBITDA should be considered in addition to, rather than a substitute for, operating (losses) earnings as a measure of financial performance.
Supplemental Information
Schedule of Sales Days per Year
2006 2007 2008
1st Quarter 64 64 64
2nd Quarter 64 64 64
3rd Quarter 63 63 64
4th Quarter 62 63 63
Totals 253 254 255
Owens & Minorwww.owens-minor.com
3rd Quarter 2008
Investor Relations Contacts:
Trudi Allcott [email protected] 804.723.7555
Chuck Graves [email protected] 804.723.7556