Owens & Minor, Inc. (NYSE:OMI) Q4 2023 Results Earnings Conference Call February 20, 2024 8:30 AM ET

Company Participants

Jackie Marcus - Investor Relations, Alpha IR Group

Edward Pesicka - President and Chief Executive Officer

Alexander Bruni - Executive Vice President and Chief Financial Officer

Conference Call Participants

Daniel Grosslight - Citi Research

Kevin Caliendo - UBS

John Stansel - J.P. Morgan

Stephanie Davis - Barclays Capital

Eric Coldwell - Robert W. Baird

Operator

Good day. And thank you for standing by. Welcome to the Owens & Minor Fourth Quarter 2023 Earnings Conference 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. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to the first speaker today, Jackie Marcus, Investor Relations. You may begin.

Jackie Marcus

Thank you, operator. Hello, everyone, and welcome to the Owens & Minor fourth quarter 2023 earnings call. Our comments on the call will be focused on the financial results for the fourth quarter of 2023, as well as our updated outlook for 2024, 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, which 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 on Form 10-K and quarterly reports on Form 10-Q.

In our discussion today, we will reference certain non-GAAP financial measures and information about these measures and reconciliations to the most comparable GAAP financial measures, which 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. As you saw on our press release this morning, we closed out 2023 with strong positive momentum, and we exited the year in a position of strength.

Our Patient Direct segment continued to outpace market growth as we leveraged our proven commercial model in one of the fastest growing areas of health care, the home.