Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - OWENS & MINOR INC/VA/ | a2q18earningscallvfinc6f.htm |
| EX-99.1 - EXHIBIT 99.1 - OWENS & MINOR INC/VA/ | q22018ex991.htm |
| 8-K - 8-K - OWENS & MINOR INC/VA/ | q20218earnings8k.htm |
Exhibit 99.3
Owens & Minor, Inc.
Summary Segment Information (unaudited)
The unaudited reclassified summary segment financial information below is provided to reflect the change in the Company's measure of segment operating income to exclude acquisition-related intangible amortization effective during the second quarter of 2018. The Company did not use this measure of operating income for any of these prior periods and has begun to report comparative results using this new measure with the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2018.
Reportable segment operating income on a quarterly basis for the first quarter of 2018 and the years ended December 31, 2017 and 2016 and for each of the quarters for the year ended December 31, 2017 is presented in the table below:
Year ended December 31, 2017 | |||||||||||||||||||||||||||
Three months ended March 31, 2018 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Total | Year ended December 31, 2016 | |||||||||||||||||||||
Operating income (loss): | |||||||||||||||||||||||||||
Global Solutions | $ | 36,615 | $ | 33,457 | $ | 37,556 | $ | 31,177 | $ | 38,901 | $ | 141,092 | $ | 175,508 | |||||||||||||
Global Products | 11,228 | 8,259 | 10,510 | 10,192 | 9,497 | 38,458 | 59,384 | ||||||||||||||||||||
Inter-segment eliminations | (242 | ) | 508 | 416 | 19 | (698 | ) | 243 | (616 | ) | |||||||||||||||||
Acquisition-related intangible amortization | (6,407 | ) | (6,665 | ) | (5,071 | ) | (2,347 | ) | (2,319 | ) | (16,402 | ) | (10,002 | ) | |||||||||||||
Acquisition-related and exit and realignment charges | (14,760 | ) | (39,573 | ) | (9,299 | ) | (2,893 | ) | (8,942 | ) | (60,707 | ) | (24,675 | ) | |||||||||||||
Other (1) | (2,217 | ) | (4,758 | ) | (4,441 | ) | (3,311 | ) | (922 | ) | (13,433 | ) | — | ||||||||||||||
Consolidated operating income (loss) | $ | 24,217 | $ | (8,772 | ) | $ | 29,671 | $ | 32,837 | $ | 35,517 | $ | 89,251 | $ | 199,599 | ||||||||||||
(1) 2018 and 2017 included software as a service (SaaS) implementation costs associated with the upgrading of our global IT platforms in connection with the redesign of our global information system strategy. | |||||||||||||||||||||||||||