Owens & Minor Inc. (NYSE:OMI) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET

Company Participants

Edward Pesicka - President, Chief Executive Officer

Alexander Bruni - Executive Vice President, Chief Financial Officer

Jackie Marcus - Alpha IR Group

Conference Call Participants

Kevin Caliendo - UBS

Michael Cherny - Bank of America

Daniel Grosslight - Citi

Eric Coldwell - Baird

John Stansel - JP Morgan

Operator

Welcome to the Owens & Minor first quarter 2023 earnings call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer session. If you would like to ask any questions during this time, simply press star, one on your telephone keypad. If you would like to withdraw your question, again press star, one.

I will now turn the conference over to Jackie Marcus of Investor Relations. Please go ahead.

Jackie Marcus

Thank you Operator. Hello everyone and welcome to the Owens & Minor first quarter 2023 earnings call.

All comments on the call will be focused on the financial results for the first quarter of 2023, as well as our updated outlook for 2023, both of which are included in today’s press release. The press release along with the supplemental slides are posted on the Investor Relations section of our website.

Please note that during this call, we will make forward-looking statements. The matters addressed in these statements are subject to risks and uncertainties and could cause actual results to differ materially from those projected or implied here today. Please refer to our SEC filings for a full description of these risks and uncertainties, including the Risk Factors section of our annual report, Form 10-K, and quarterly reports on Form 10-Q.

In our discussion today, we will reference certain non-GAAP financial measures. Information about these measures and reconciliations to the most comparable GAAP financial measures are included in our press release.

Today I’m joined by Ed Pesicka, President and Chief Executive Officer, and Alex Bruni, Executive Vice President and Chief Financial Officer.

I will now turn the call over to Ed. Ed?

Edward Pesicka

Thank you Jackie. Good morning everyone and thank you for joining us on the call today.

To start, I am pleased with the performance of the business and the team’s execution through the first quarter of the year as we took the necessary steps to initiate the realignment of our business, improve our overall cost structure, and leverage our strengths, and here are just a few examples.