Recent Insider Activity: Owens & Minor, Inc. (OMI)

Owens & Minor, Inc. (NYSE:OMI) insider has recently participated in insider trading activity. Director, SMITH CRAIG R sold 11,026 shares for $417,587 via one transaction Feb 10. Following the transaction, the insider now owns 118,335 shares in total, priced at $4,501,463.4 as of Friday. Another notable insider trading was done by the same insider on Feb 10. Lowry Michael Wayne sold184 shares at an average price of $37.84 for a total of $6,962. Moreover, SMITH CRAIG R carried out a sale of 15,000 shares at $37.51 each on Nov 16. The transaction amounted to $562,650. Controller Lowry Michael Wayne sold3,164 shares for $117,321 through one transaction Nov 12. Following this sale, this insider’s stake in the company comprises 4,152 shares, priced at $157,942.08 as of Friday.

The stock has experienced a total of 24 insider trades in the past three months. These trades include 11 sell activities and 13 buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 35 of these trades, the insider was a seller while an employee of the company was the buyer in just 27 instances.

Owens & Minor, Inc. (OMI) on February 8, 2016 reported financial results for the year ended December 31, 2015, including consolidated revenues of $9.77 billion, which improved 3.5% over the prior year. Net income for 2015 was $103.4 million, or $1.65 per diluted share. Adjusted net income (non-GAAP) was $125.3 million, or $2.00 per diluted share, the strongest earnings result ever reported by the company. The increase of $0.24 in adjusted earnings per diluted share resulted from continued progress in repositioning the International segment, improving performance from the two 2014 acquisitions, benefits derived from the global sourcing strategy, and early progress associated with implementation of the company’s transformation agenda.

Consolidated operating earnings for 2015 were $200.4 million, or 2.05% of revenues, representing an improvement of $40.8 million when compared to last year’s operating earnings. Adjusted consolidated operating earnings (non-GAAP) for the full year improved 12.2% to $227.3 million, or 2.33% of revenues.

“I am pleased with the performance of our teams in the U.S., Europe, and Asia, who worked in concert to close out 2015 on a strong note by achieving solid revenue and record earnings results,” said P. Cody Phipps, president & chief executive officer of Owens & Minor. “We are making solid progress on our transformation agenda, which contributed to our positive results for 2015. Looking ahead, we have a clear path, a newly energized leadership team, and specific plans for creating efficiencies throughout our global business platform. Our focus remains on demonstrating consistent earnings growth, while we reposition the company for long term success.”