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Owens & Minor handles elevated glove costs; PPE shipments scaling back

Earnings 667 Health Care 344 Quote Watch 438 U.S. 5197

Owens & Minor reported Q2’21 revenue growth of 37.7% year over year as the medical supplies distributor sold more PPE and delivered a “pass-through of elevated glove costs”. The firm, like many others, is experiencing increased “commodity and transportation inflationary pressures” and expects to continue to do so in Q3’21. There are signs that Owens & Minor’s supply chain activity is slowing. U.S. seaborne imports linked to the firm were down by 2.9% sequentially in Q2’21 versus Q1’21, led by a 9.8% slide in shipments of masks and other products. Other medical suppliers are also scaling ...

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