This annual report summarizes Owens & Minor's financial and operational performance in 2007. Some key points:
- Revenue grew 22.9% to $6.8 billion, fueled by a strategic acquisition and strong organic growth.
- Net income increased 49.1% to $72.7 million.
- The company continued investing in infrastructure to support future growth while reducing long-term debt.
- Stock price increased 35.7% in 2007, outperforming major indices and industry peers.
Credit Suisse held a financial services forum on February 4, 2009 to discuss Sallie Mae's business fundamentals, financial outlook, and liquidity position. Key points included:
1) Sallie Mae has a strong franchise in student lending with competitive scale and assured FFELP profitability through 2010.
2) Liquidity is improving through various government funding programs and expanding deposit funding.
3) The outlook forecasts $5-6 billion in new private loan originations, $21-23 billion in FFELP loans, earnings per share of $1.45-$1.65, and continued management of credit quality and provision expenses.
Costco's fiscal year ends in August. This document provides detailed sales and location data for Costco from fiscal years 2004 to 2008. It includes information on merchandise sales, membership fees, operating expenses, margins, comparable sales, new and closed locations by country. International growth exceeded Costco's 5% annual expansion rate in the US, with locations growing 7% annually in the UK, Mexico, and Taiwan, and 19% annually in Japan. Sales per item averaged nearly $14 million annually in 2008.
The document summarizes key investor questions about Pitney Bowes and provides responses. It discusses:
1) Why Pitney Bowes retained its management services business and growth drivers.
2) Restructuring initiatives are on target to achieve $150 million in savings.
3) The company's capital allocation priorities including increasing dividends and reducing shares through buybacks.
Tech M&A Outlook - presented by Mgi research bloomberg l.p. march 2012 conf...MGI_Research
This document discusses tech M&A trends and outlook. It finds that large buyers like IBM, Oracle, and Google are looking to acquire companies to boost topline growth, especially in cloud computing, big data, and mobile. Potential sellers include smaller SaaS and cloud tech companies. The document also notes sectors and companies that may see deals, including healthcare IT and fallen tech giants trying to reinvent themselves. It concludes with contact information for the research firm.
This annual report summarizes Dollar General Corporation's financial performance for the fiscal year ending January 31, 2003. Some key details include:
- Net sales increased 14.6% to $6.1 billion compared to the previous year. Same store sales also rose 5.7%.
- Net income grew 27.7% to $264.9 million, or $0.79 per diluted share. Excluding restatement items, net income increased 11.2% to $250.9 million.
- The company opened 622 new stores, bringing the total number of stores to 6,113 across 27 states. Inventory management and store standards were areas of focus for improvement.
- Sallie Mae reported net income of $526 million for full year 2008 and $65 million for Q4 2008 according to generally accepted accounting principles (GAAP). However, using the non-GAAP measure of "Core Earnings", Sallie Mae had net income of $526 million for 2008 and $8 million for Q4 2008.
- Sallie Mae originated $17.9 billion in FFELP loans in 2008, a 67% increase from Q4 2007, with 90% of originations coming directly from Sallie Mae.
- As of December 31, 2008, Sallie Mae had $16.6 billion in primary and standby liquidity, including $5 billion
Coventry Health Care had a record-setting year in 2007. They grew revenue to nearly $10 billion, a 28% increase over 2006. Membership increased to over 4.6 million across all 50 states, served through their commercial, individual/government, and specialty divisions. Challenges in the healthcare landscape include rising costs, a growing uninsured population, and increasing Medicare/Medicaid costs. Coventry is well-positioned to help craft innovative solutions through public-private partnerships, given their expertise across multiple areas of healthcare.
Credit Suisse held a financial services forum on February 4, 2009 to discuss Sallie Mae's business fundamentals, financial outlook, and liquidity position. Key points included:
1) Sallie Mae has a strong franchise in student lending with competitive scale and assured FFELP profitability through 2010.
2) Liquidity is improving through various government funding programs and expanding deposit funding.
3) The outlook forecasts $5-6 billion in new private loan originations, $21-23 billion in FFELP loans, earnings per share of $1.45-$1.65, and continued management of credit quality and provision expenses.
Costco's fiscal year ends in August. This document provides detailed sales and location data for Costco from fiscal years 2004 to 2008. It includes information on merchandise sales, membership fees, operating expenses, margins, comparable sales, new and closed locations by country. International growth exceeded Costco's 5% annual expansion rate in the US, with locations growing 7% annually in the UK, Mexico, and Taiwan, and 19% annually in Japan. Sales per item averaged nearly $14 million annually in 2008.
The document summarizes key investor questions about Pitney Bowes and provides responses. It discusses:
1) Why Pitney Bowes retained its management services business and growth drivers.
2) Restructuring initiatives are on target to achieve $150 million in savings.
3) The company's capital allocation priorities including increasing dividends and reducing shares through buybacks.
Tech M&A Outlook - presented by Mgi research bloomberg l.p. march 2012 conf...MGI_Research
This document discusses tech M&A trends and outlook. It finds that large buyers like IBM, Oracle, and Google are looking to acquire companies to boost topline growth, especially in cloud computing, big data, and mobile. Potential sellers include smaller SaaS and cloud tech companies. The document also notes sectors and companies that may see deals, including healthcare IT and fallen tech giants trying to reinvent themselves. It concludes with contact information for the research firm.
This annual report summarizes Dollar General Corporation's financial performance for the fiscal year ending January 31, 2003. Some key details include:
- Net sales increased 14.6% to $6.1 billion compared to the previous year. Same store sales also rose 5.7%.
- Net income grew 27.7% to $264.9 million, or $0.79 per diluted share. Excluding restatement items, net income increased 11.2% to $250.9 million.
- The company opened 622 new stores, bringing the total number of stores to 6,113 across 27 states. Inventory management and store standards were areas of focus for improvement.
- Sallie Mae reported net income of $526 million for full year 2008 and $65 million for Q4 2008 according to generally accepted accounting principles (GAAP). However, using the non-GAAP measure of "Core Earnings", Sallie Mae had net income of $526 million for 2008 and $8 million for Q4 2008.
- Sallie Mae originated $17.9 billion in FFELP loans in 2008, a 67% increase from Q4 2007, with 90% of originations coming directly from Sallie Mae.
- As of December 31, 2008, Sallie Mae had $16.6 billion in primary and standby liquidity, including $5 billion
Coventry Health Care had a record-setting year in 2007. They grew revenue to nearly $10 billion, a 28% increase over 2006. Membership increased to over 4.6 million across all 50 states, served through their commercial, individual/government, and specialty divisions. Challenges in the healthcare landscape include rising costs, a growing uninsured population, and increasing Medicare/Medicaid costs. Coventry is well-positioned to help craft innovative solutions through public-private partnerships, given their expertise across multiple areas of healthcare.
Raytheon Reports 2007 Second Quarter Resultsfinance12
Raytheon reported second quarter 2007 earnings. Key highlights include:
- EPS from continuing operations of $0.79, up 30% from the previous year.
- Net sales of $5.4 billion, up 9% from the previous year.
- Bookings of $5.0 billion and backlog of $33.3 billion.
- The company increased its full-year 2007 guidance for EPS, bookings, and return on invested capital.
1) John W. Snow resigned as Chairman and CEO of CSX Corporation to become Secretary of the Treasury under President George W. Bush.
2) CSX had a solid financial performance in 2002 despite economic challenges, with net income of $424 million, up 45% from 2001.
3) CSX continued focusing on its core rail transportation business, reaching a deal to convey its domestic container shipping business CSX Lines to a new venture for $300 million in cash and securities.
This document provides an overview of Skandinaviska Enskilda Banken (SEB) for the first half of 2008. It includes key figures on operating profit, asset quality, divisions, and ratings. SEB saw operating profit decline 23% compared to the second quarter of 2007, though net interest income increased 12% due to growth in lending volume and margins. The document also outlines SEB's organization structure and provides profit and loss statements by quarter comparing 2008 to 2007.
- UHS acquired its 100th facility in 2002, a hospital in Lansdale, PA called Central Montgomery Medical Center.
- Construction began on 4 new hospitals - in Las Vegas, Amarillo, Wellington FL, and Lakewood Ranch FL.
- The new George Washington University Hospital opened in Washington D.C. in 2002 after a partnership between UHS and GWU. There was initial skepticism that UHS would prioritize profits over quality that was overcome.
SEB Facts And Figures January September 2008SEBgroup
This document provides an overview of key financial information for SEB Group for Q3 and January-September 2008. Some key points:
- Operating profit decreased 46% in Q3 2008 and 36% January-September compared to the same periods in 2007, driven by lower net financial income and higher credit losses.
- Net interest income increased 16% in Q3 2008 supported by higher lending volumes and margins, despite pressure from funding costs and deposit margins.
- Ratings agencies have changed their outlook on SEB to negative in recent months due to the deteriorating economic environment.
- The majority of SEB's operating profit in January-September 2008 came from its Swedish banking operations, with other key contributors
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This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
Universal Health Services is one of the largest hospital management companies in the US. In 2004, revenues grew 16% to $3.9 billion but net income fell 15% due to rising bad debt. UHS is addressing challenges by expanding facilities, investing in new technologies, and focusing on high-quality care. Recent growth strategies included opening new hospitals, expanding existing facilities, and acquiring hospitals in growing markets.
While some debate the feasibility of the current arts business model and look to new audiences to fill the gap, the fact remains: only 1 out of 5 new patrons come back a second time. Our problem is not new audiences; it’s keeping the patrons we have--and increasing their loyalty to our organizations.
Loyalty can be achieved when a patrons’ passion for the arts is activated. Strategies that promote loyalty involve common-sense measures to draw in "newbies" and deepen relationships among first- and long-time patrons. Best practices focus on increasing patron satisfaction and, in turn, ongoing revenue. The 5th Avenue Theatre, in collaboration with TRG Arts, is building a wholly new model of audience engagement, centered on this view of patron loyalty.
5th Avenue Theatre’s Vice President of Marketing and Communications Sean Kelly and TRG’s Senior Consultant Laura Willumsen lead this webinar, which focuses on the benefits of viewing patron interactions through the lens of their lifetime loyalty to your organizations. You’ll learn:
● why loyalty is the only sustainable model for revenue growth
● what makes a targeted, purposeful loyalty strategy different from more general audience engagement programs
● about the specific techniques Kelly and Willumsen used to drive retention, as well as increase engagement and revenue at 5th Avenue Theatre
Spencer Levy - Capital Markets 2.0 - Did We Speak Too Soon?Ryan Slack
The document discusses recent market trends and statistics for commercial real estate investment sales in the United States. It notes that investment sales in 2011 are on pace to reach 2003-2004 levels across various property types like apartments, hotels, industrial, office, and retail. Transaction volume is up significantly from 2010 but still below peaks seen in 2006-2007. Debt financing for commercial real estate also increased substantially in the first half of 2011 compared to the previous year. The document provides charts and data on investment sales, property types, debt financing, and the breakdown of buyers and sellers in the commercial real estate market.
Human Genomes Sciences Inc. is a biotech company focused on developing drugs to treat diseases like lupus. It relies heavily on sales of its recently approved lupus drug Benlysta, which it expects to generate over $1 billion in annual revenue by 2014-2015. In 2012, HGSI cut costs by laying off 150 workers and halting non-Benlysta research programs in order to focus on commercializing Benlysta. It also has oncology drug candidates in clinical trials and partnerships with large pharmaceutical companies like GSK. However, the company expects continued losses as it focuses resources on growing Benlysta sales.
Overview of the services offered by Landstar along with information on the Landstar system. Celebrating 25 years of Excellence in transportation and supply chain solutions!
On January 10th, Auburn’s Center for the Study of Theological Education hosted a webinar for financial aid officers, admissions staff and student personnel at theological schools on the latest government regulations for income-based repayment plans for federal educational loans. This information will assist financial aid officers and others who counsel students and recent graduates in repayment options as they move into ministry.
Owens & Minor is a leading distributor of medical supplies and a healthcare supply chain management company. In 2005, the company reported $4.8 billion in revenue. Owens & Minor serves hospitals, healthcare systems, government organizations, and individuals through a network of distribution centers. The company focuses on improving efficiency and lowering costs for customers through innovative supply chain management solutions focused on product, process, and people.
owens & minor F181C306-CD84-4711-A74D-75E5BFE97AA3_2008_ARfinance33
Teamwork is essential for Owens & Minor's success. The company relies on its 5,300 employees working together to (1) continuously innovate and provide new supply chain management solutions to help healthcare providers lower costs and improve efficiency, (2) maintain high customer satisfaction by accurately and quickly fulfilling orders, and (3) live the company's mission, vision, and values through community service.
Owens & Minor had strong financial results in 2000. Net sales reached $3.5 billion, up 10% from 1999. Earnings per share were $0.93, up 16% from the previous year. The company grew organically and through the acquisition of Medix. Owens & Minor continued investing in technology to improve customer service and productivity. It strengthened relationships with key customers and signed new supply chain agreements. Productivity gains increased sales and margins per employee. The balanced scorecard approach and technology investments have positioned Owens & Minor for continued success.
Kelly Services is a global staffing company founded in 1946. In 2003, Kelly Services operated 2,500 offices in 26 countries, assigning nearly 700,000 employees and generating $4.3 billion in sales. However, 2003 was a transitional year for Kelly Services, as sporadic economic conditions and a weak labor market led to decreased earnings. Net earnings were $5.1 million, down 72.5% from 2002, due to issues like escalating workers' compensation claims and higher state unemployment taxes. The summary indicates that while 2003 was challenging, Kelly Services' service offerings and global operations positioned it well for future growth as demand for staffing services increased later in the year.
Owens & Minor is a leading distributor of medical supplies with $4.24 billion in sales in 2003. It provides distribution, consulting, and supply chain management services to hospitals and healthcare systems. In 2003, Owens & Minor grew sales 7.2% and net income 13.5% while maintaining expenses as a percentage of sales. It continued initiatives in distribution, consulting, and third party logistics while forming new partnerships.
The document provides a summary of The Home Depot's annual report for fiscal year 2006. It discusses the company's performance highlights for 2006 including net sales of $90.8 billion and net earnings of $5.8 billion. It also lists the company's priorities going forward which include improving customer service, driving product innovation and value, improving product availability, enhancing the store environment, and serving professional contractors. Finally, it provides an overview of the company's community involvement efforts in 2006 which included responding to natural disasters and contributing to affordable housing projects.
Owens & Minor is celebrating its 125th anniversary as a leading distributor of medical and surgical supplies. It was founded in Richmond, Virginia in 1882 and has grown into a Fortune 500 company with over $5.5 billion in annual revenue. Owens & Minor prides itself on its culture of exceptional customer service, caring for teammates, and business integrity. In 2006, the company acquired McKesson Medical-Surgical's acute-care business, solidifying its position as the leading medical supply distributor in the healthcare sector. Owens & Minor also moved into a new headquarters building, allowing its employees to work under one roof for the first time.
The document summarizes Owens & Minor's 1Q 2008 financial results conference call. It begins with safe harbor statements noting risks and uncertainties that could impact projected results. Key highlights include revenue of $1.748 billion for 1Q 2008, gross margin of 10.67% of revenues, SG&A expenses of 8.47% of revenues, and operating earnings of 2.46% of revenues. CEO Craig Smith reaffirmed 2008 annual revenue growth guidance of 5-7% and earnings per share guidance of $2.20 to $2.30, representing 23-28% earnings growth.
- Employee Benefits Management provides employee benefits consulting and facilitates a health insurance cooperative to obtain competitive group health benefits through volume purchasing.
- The cooperative offers reduced overhead costs and risk elimination by spreading risk among members. It guarantees rates and provides refunds on unused premiums.
- As of 2010, the cooperative had 82 employer members and over $6 million in premiums collected, with $750,000 in claims paid out, resulting in a $567,000 surplus refund to members that year.
Raytheon Reports 2007 Second Quarter Resultsfinance12
Raytheon reported second quarter 2007 earnings. Key highlights include:
- EPS from continuing operations of $0.79, up 30% from the previous year.
- Net sales of $5.4 billion, up 9% from the previous year.
- Bookings of $5.0 billion and backlog of $33.3 billion.
- The company increased its full-year 2007 guidance for EPS, bookings, and return on invested capital.
1) John W. Snow resigned as Chairman and CEO of CSX Corporation to become Secretary of the Treasury under President George W. Bush.
2) CSX had a solid financial performance in 2002 despite economic challenges, with net income of $424 million, up 45% from 2001.
3) CSX continued focusing on its core rail transportation business, reaching a deal to convey its domestic container shipping business CSX Lines to a new venture for $300 million in cash and securities.
This document provides an overview of Skandinaviska Enskilda Banken (SEB) for the first half of 2008. It includes key figures on operating profit, asset quality, divisions, and ratings. SEB saw operating profit decline 23% compared to the second quarter of 2007, though net interest income increased 12% due to growth in lending volume and margins. The document also outlines SEB's organization structure and provides profit and loss statements by quarter comparing 2008 to 2007.
- UHS acquired its 100th facility in 2002, a hospital in Lansdale, PA called Central Montgomery Medical Center.
- Construction began on 4 new hospitals - in Las Vegas, Amarillo, Wellington FL, and Lakewood Ranch FL.
- The new George Washington University Hospital opened in Washington D.C. in 2002 after a partnership between UHS and GWU. There was initial skepticism that UHS would prioritize profits over quality that was overcome.
SEB Facts And Figures January September 2008SEBgroup
This document provides an overview of key financial information for SEB Group for Q3 and January-September 2008. Some key points:
- Operating profit decreased 46% in Q3 2008 and 36% January-September compared to the same periods in 2007, driven by lower net financial income and higher credit losses.
- Net interest income increased 16% in Q3 2008 supported by higher lending volumes and margins, despite pressure from funding costs and deposit margins.
- Ratings agencies have changed their outlook on SEB to negative in recent months due to the deteriorating economic environment.
- The majority of SEB's operating profit in January-September 2008 came from its Swedish banking operations, with other key contributors
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
Universal Health Services is one of the largest hospital management companies in the US. In 2004, revenues grew 16% to $3.9 billion but net income fell 15% due to rising bad debt. UHS is addressing challenges by expanding facilities, investing in new technologies, and focusing on high-quality care. Recent growth strategies included opening new hospitals, expanding existing facilities, and acquiring hospitals in growing markets.
While some debate the feasibility of the current arts business model and look to new audiences to fill the gap, the fact remains: only 1 out of 5 new patrons come back a second time. Our problem is not new audiences; it’s keeping the patrons we have--and increasing their loyalty to our organizations.
Loyalty can be achieved when a patrons’ passion for the arts is activated. Strategies that promote loyalty involve common-sense measures to draw in "newbies" and deepen relationships among first- and long-time patrons. Best practices focus on increasing patron satisfaction and, in turn, ongoing revenue. The 5th Avenue Theatre, in collaboration with TRG Arts, is building a wholly new model of audience engagement, centered on this view of patron loyalty.
5th Avenue Theatre’s Vice President of Marketing and Communications Sean Kelly and TRG’s Senior Consultant Laura Willumsen lead this webinar, which focuses on the benefits of viewing patron interactions through the lens of their lifetime loyalty to your organizations. You’ll learn:
● why loyalty is the only sustainable model for revenue growth
● what makes a targeted, purposeful loyalty strategy different from more general audience engagement programs
● about the specific techniques Kelly and Willumsen used to drive retention, as well as increase engagement and revenue at 5th Avenue Theatre
Spencer Levy - Capital Markets 2.0 - Did We Speak Too Soon?Ryan Slack
The document discusses recent market trends and statistics for commercial real estate investment sales in the United States. It notes that investment sales in 2011 are on pace to reach 2003-2004 levels across various property types like apartments, hotels, industrial, office, and retail. Transaction volume is up significantly from 2010 but still below peaks seen in 2006-2007. Debt financing for commercial real estate also increased substantially in the first half of 2011 compared to the previous year. The document provides charts and data on investment sales, property types, debt financing, and the breakdown of buyers and sellers in the commercial real estate market.
Human Genomes Sciences Inc. is a biotech company focused on developing drugs to treat diseases like lupus. It relies heavily on sales of its recently approved lupus drug Benlysta, which it expects to generate over $1 billion in annual revenue by 2014-2015. In 2012, HGSI cut costs by laying off 150 workers and halting non-Benlysta research programs in order to focus on commercializing Benlysta. It also has oncology drug candidates in clinical trials and partnerships with large pharmaceutical companies like GSK. However, the company expects continued losses as it focuses resources on growing Benlysta sales.
Overview of the services offered by Landstar along with information on the Landstar system. Celebrating 25 years of Excellence in transportation and supply chain solutions!
On January 10th, Auburn’s Center for the Study of Theological Education hosted a webinar for financial aid officers, admissions staff and student personnel at theological schools on the latest government regulations for income-based repayment plans for federal educational loans. This information will assist financial aid officers and others who counsel students and recent graduates in repayment options as they move into ministry.
Owens & Minor is a leading distributor of medical supplies and a healthcare supply chain management company. In 2005, the company reported $4.8 billion in revenue. Owens & Minor serves hospitals, healthcare systems, government organizations, and individuals through a network of distribution centers. The company focuses on improving efficiency and lowering costs for customers through innovative supply chain management solutions focused on product, process, and people.
owens & minor F181C306-CD84-4711-A74D-75E5BFE97AA3_2008_ARfinance33
Teamwork is essential for Owens & Minor's success. The company relies on its 5,300 employees working together to (1) continuously innovate and provide new supply chain management solutions to help healthcare providers lower costs and improve efficiency, (2) maintain high customer satisfaction by accurately and quickly fulfilling orders, and (3) live the company's mission, vision, and values through community service.
Owens & Minor had strong financial results in 2000. Net sales reached $3.5 billion, up 10% from 1999. Earnings per share were $0.93, up 16% from the previous year. The company grew organically and through the acquisition of Medix. Owens & Minor continued investing in technology to improve customer service and productivity. It strengthened relationships with key customers and signed new supply chain agreements. Productivity gains increased sales and margins per employee. The balanced scorecard approach and technology investments have positioned Owens & Minor for continued success.
Kelly Services is a global staffing company founded in 1946. In 2003, Kelly Services operated 2,500 offices in 26 countries, assigning nearly 700,000 employees and generating $4.3 billion in sales. However, 2003 was a transitional year for Kelly Services, as sporadic economic conditions and a weak labor market led to decreased earnings. Net earnings were $5.1 million, down 72.5% from 2002, due to issues like escalating workers' compensation claims and higher state unemployment taxes. The summary indicates that while 2003 was challenging, Kelly Services' service offerings and global operations positioned it well for future growth as demand for staffing services increased later in the year.
Owens & Minor is a leading distributor of medical supplies with $4.24 billion in sales in 2003. It provides distribution, consulting, and supply chain management services to hospitals and healthcare systems. In 2003, Owens & Minor grew sales 7.2% and net income 13.5% while maintaining expenses as a percentage of sales. It continued initiatives in distribution, consulting, and third party logistics while forming new partnerships.
The document provides a summary of The Home Depot's annual report for fiscal year 2006. It discusses the company's performance highlights for 2006 including net sales of $90.8 billion and net earnings of $5.8 billion. It also lists the company's priorities going forward which include improving customer service, driving product innovation and value, improving product availability, enhancing the store environment, and serving professional contractors. Finally, it provides an overview of the company's community involvement efforts in 2006 which included responding to natural disasters and contributing to affordable housing projects.
Owens & Minor is celebrating its 125th anniversary as a leading distributor of medical and surgical supplies. It was founded in Richmond, Virginia in 1882 and has grown into a Fortune 500 company with over $5.5 billion in annual revenue. Owens & Minor prides itself on its culture of exceptional customer service, caring for teammates, and business integrity. In 2006, the company acquired McKesson Medical-Surgical's acute-care business, solidifying its position as the leading medical supply distributor in the healthcare sector. Owens & Minor also moved into a new headquarters building, allowing its employees to work under one roof for the first time.
The document summarizes Owens & Minor's 1Q 2008 financial results conference call. It begins with safe harbor statements noting risks and uncertainties that could impact projected results. Key highlights include revenue of $1.748 billion for 1Q 2008, gross margin of 10.67% of revenues, SG&A expenses of 8.47% of revenues, and operating earnings of 2.46% of revenues. CEO Craig Smith reaffirmed 2008 annual revenue growth guidance of 5-7% and earnings per share guidance of $2.20 to $2.30, representing 23-28% earnings growth.
- Employee Benefits Management provides employee benefits consulting and facilitates a health insurance cooperative to obtain competitive group health benefits through volume purchasing.
- The cooperative offers reduced overhead costs and risk elimination by spreading risk among members. It guarantees rates and provides refunds on unused premiums.
- As of 2010, the cooperative had 82 employer members and over $6 million in premiums collected, with $750,000 in claims paid out, resulting in a $567,000 surplus refund to members that year.
World Fuel Services Corporation is a global leader in the downstream marketing and financing of aviation and marine fuel products and related services. For the nine-month period ended December 31, 2002, the company reported revenue of $1.55 billion, up 52.6% from the same period the previous year. Net income was $9.9 million, down 22.6% from the previous year. The company has a strong balance sheet with $312 million in total assets and $127.7 million in stockholders' equity.
World Fuel Services Corporation is a global leader in the downstream marketing and financing of aviation and marine fuel products and related services. For the nine-month period ended December 31, 2002, the company reported revenue of $1.55 billion, up 52.6% from the same period the previous year. Net income was $9.9 million, down 22.6% from the previous year. The company has a strong balance sheet with $312 million in total assets and $127.7 million in stockholders' equity.
The document summarizes Valeant Pharmaceuticals International's investor day agenda on June 21, 2012. The agenda included opening remarks by Mike Pearson, financial discussions by Howard Schiller, business overviews by Rajiv De Silva, and presentations on emerging markets and specialty pharmaceuticals. Guests in attendance included board members and senior leadership. The document also provided important information about forward-looking statements and non-GAAP financial measures.
This annual report summarizes Universal Health Services' financial results and activities in 2002. Some key points:
- Net revenues increased 15% to $3.258 billion and net income increased 76% to $175.36 million. Earnings per share increased 71% to $2.74.
- UHS acquired its 100th facility, a hospital in Lansdale, Pennsylvania, becoming its first acute care facility in that state.
- Construction began on new hospitals in Las Vegas, Nevada and Amarillo, Texas, continuing UHS' expansion and growth.
- Overall it was a very successful year financially for UHS, with continued growth and new records set.
During 2011, JPMorgan Chase earned record profits of $19 billion, up 9% from 2010. However, losses from mortgages and mortgage-related issues prevented the firm from reaching its full earnings potential of $23-24 billion. Looking ahead, the firm believes its earnings power will grow over time, though it always expects some volatility. The firm is focused on building long-term shareholder value by prioritizing customers, employees, communities and responsible business practices, not just short-term profits. It aims to fulfill its important role in society by providing capital, credit and services that benefit clients and communities.
The document summarizes Ameriprise Financial's financial performance in 2007. Some key points:
- Net revenues grew 8% to $8.654 billion while net income increased 29% to $814 million.
- Adjusted earnings per diluted share rose 16% to $4.03.
- Total assets under management grew 3% to $480 billion.
- The company met its growth targets through strategies like growing client relationships and driving advisor productivity.
The document summarizes Ameriprise Financial's financial performance in 2007. Some key points:
- Net revenues grew 8% to $8.654 billion while net income increased 29% to $814 million.
- Adjusted earnings per diluted share rose 16% to $4.03.
- Total assets under management grew 3% to $480 billion.
- The company met its growth targets through strategies like growing client relationships and driving advisor productivity.
The document provides consolidated highlights for Ameriprise Financial for 2007. Key metrics include:
- Net revenues grew 8% to $8.654 billion.
- Net income increased 29% to $814 million.
- Earnings per share grew 33% to $3.39.
- Adjusted earnings per share increased 16% to $4.03.
- Owned, managed and administered assets grew 3% to $480 billion.
This annual report summarizes the financial highlights and strategic goals of Quest Diagnostics for 2007. Some key points:
- Revenues increased 7% to $6.7 billion, operating income was $1.1 billion, and net earnings per share were $2.84.
- The company aims to grow revenues above industry rates, expand operating margins to 20% of revenues, and derive 10% of revenues internationally within 5 years.
- The strategy focuses on putting patients first, driving growth, and investing in people. Diversification efforts include expanding offerings in cancer diagnostics, gene-based testing, and point-of-care testing.
- Information technology is highlighted as a key differentiator
This annual report summarizes Quest Diagnostics' financial and operational performance in 2006. Key points include:
- Net revenues grew 15% to $6.3 billion while earnings per share grew 13% to $3.14.
- The company enhanced its value to patients, physicians, and payers while reporting strong financial results.
- Quest Diagnostics remains committed to improving the patient experience, driving growth, and supporting its employees despite challenges in a consolidating healthcare sector with increasing pricing pressure.
Whole Foods Market had a very successful 2004 fiscal year, with record sales growth and profits. They expanded globally with new stores in Canada and acquiring stores in the UK. They also made progress on priorities like developing enhanced animal welfare standards and expanding their training university. Looking ahead, Whole Foods is focused on continued expansion, with plans to increase their store count and square footage significantly in 2005 and beyond.
The McGraw-Hill Companies 2006 Annual Report summarizes the company's strong financial performance and positions it for continued growth.
1) McGraw-Hill achieved record revenue of $6.3 billion and net income of $882 million in 2006. It also returned $1.8 billion to shareholders through dividends and share repurchases, with a total shareholder return of 33.5%.
2) The company's strategy focuses on expanding globally, developing digital and technology-driven solutions, and investing in its businesses. All business segments are expected to contribute to continued growth in 2007.
3) McGraw-Hill is well-positioned to capitalize on trends in global capital markets, education
1) The McGraw-Hill Companies achieved record financial results in 2007, with revenue growing 8.3% to $6.8 billion and net income rising 14.9% to $1 billion, however challenges emerged as the US housing bubble burst.
2) The company remains focused on providing high-quality information and insights to help customers succeed, while generating superior shareholder value through consistent earnings growth and returning $2.5 billion to shareholders in 2007.
3) While the current market turmoil is difficult to predict, the long-term prospects for the company's markets remain strong due to enduring global trends of needing capital, knowledge, and transparent business information.
The document is McGraw-Hill's 2008 annual report which discusses the financial challenges faced by the company that year due to the global recession. It summarizes that revenue declined 6.2% to $6.4 billion while net income fell 21.1% to $799.5 million. However, the company remained profitable and had a strong balance sheet which positioned it well to weather the economic storm. The report discusses questions around what caused the financial crisis, the role of credit ratings, and trends that will shape future capital markets and opportunities.
This document outlines the bylaws of Owens & Minor, Inc. regarding meetings of shareholders and directors.
It specifies details such as the timing and notification requirements for annual shareholder meetings, what constitutes a quorum, voting procedures, and the process for nominating directors or proposing other business. Shareholders must give advance notice to the Secretary of any intent to nominate directors or propose other business to be considered at the annual meeting. The Chairman of the Board has the power to determine if any nominations or proposals were made in accordance with the bylaw procedures.
This document outlines the bylaws of Owens & Minor, Inc. regarding meetings of shareholders and the board of directors. It discusses where shareholder and board meetings will take place, how notice will be provided, what constitutes a quorum, voting procedures, and rules regarding nominating directors and proposing other business. It also establishes committees like the executive committee and allows the board to form other committees. Finally, it specifies that the officers will consist of a CEO, President, Secretary, and Treasurer and allows for other officers to be elected.
This document outlines the code of honor and standards of conduct for Owens & Minor, a supply chain management company. It establishes their mission, vision, and values which center around integrity, ethics, customer service, community support, and shareholder value. The code of honor applies to all employees and directors and is designed to ensure compliance with laws and the highest ethical standards. It addresses topics like diversity, harassment, conflicts of interest, gifts, and financial reporting. Employees are responsible for understanding and upholding the code, and can report any suspected violations without fear of retaliation. Violating the code can result in disciplinary action up to termination.
This document outlines the code of honor and standards of conduct for Owens & Minor, a supply chain management company. It establishes their mission, vision, and values, which center around integrity, ethics, customer service, community support, and shareholder value. The code of honor applies to all employees and directors and is designed to ensure compliance with laws and the highest ethical standards. It addresses topics like diversity, harassment, conflicts of interest, gifts, and financial reporting. Employees are responsible for understanding and upholding the code, and can report any suspected violations without retaliation through multiple confidential channels. Violations will be investigated and disciplined accordingly.
This document outlines the Corporate Governance Guidelines of Owens & Minor, Inc. It discusses the board composition and structure, including director qualifications and independence standards. It also covers director responsibilities, such as basic responsibilities and separation of chairman and CEO roles. Additionally, it addresses board committees, director access to officers, director compensation, and the annual evaluation of the CEO and board performance. The guidelines are intended to ensure strong corporate governance and an effective and independent board.
This document outlines the Corporate Governance Guidelines of Owens & Minor, Inc. It discusses the board composition and structure, including director qualifications and independence standards. It also covers director responsibilities, such as basic responsibilities and separation of chairman and CEO roles. Additionally, it addresses board committees, director access to officers, director compensation, and the annual performance evaluation process.
The document outlines the Audit Committee Charter for Owens & Minor, Inc. It establishes the purpose, authority, and responsibilities of the Audit Committee, which includes assisting the Board of Directors in oversight of financial reporting, internal controls, compliance, and the independent auditor. The Audit Committee is required to be comprised of at least 3 independent directors who are financially literate, with at least one member being a financial expert. The Charter details the Committee's responsibilities related to financial statements, the independent auditor, internal auditing, legal/ethical compliance, and receiving/investigating complaints.
The document outlines the Audit Committee Charter for Owens & Minor, Inc. It establishes the purpose, authority, and responsibilities of the Audit Committee, which includes assisting the Board of Directors in oversight of financial reporting, internal controls, compliance, and the independent auditor. The Audit Committee is required to be comprised of at least 3 independent directors who are financially literate, with at least one member being a financial expert. The Charter provides that the Audit Committee will meet regularly with management and the independent auditor to review the company's financial reporting, accounting policies, internal controls, legal/regulatory compliance, and auditing matters.
The document outlines the charter for the Governance & Nominating Committee of Owens & Minor, Inc. It establishes that the committee will be comprised of at least 3 independent directors appointed annually by the board. The committee is responsible for identifying and nominating qualified board candidates and committee members and overseeing corporate governance policies. It is also tasked with annually evaluating board performance and CEO performance, succession planning, and reviewing its own charter. The charter provides the framework for the committee's composition, objectives, authority, responsibilities, and procedures.
The document outlines the charter for the Governance & Nominating Committee of Owens & Minor, Inc. It establishes that the committee will be comprised of at least 3 independent directors appointed annually by the board. The committee is responsible for identifying and nominating qualified board candidates and committee members and overseeing corporate governance policies. It is also tasked with annually evaluating board performance and CEO performance, succession planning, and reviewing its own charter. The charter provides the framework for the committee's composition, objectives, authority, responsibilities, and procedures.
The document outlines the charter for the Compensation & Benefits Committee of Owens & Minor, Inc. It establishes that the committee will be comprised of at least 3 independent directors who are responsible for overseeing compensation plans and policies, evaluating executive performance, determining compensation for officers including the CEO, and ensuring compliance with regulatory requirements. The charter grants the committee authority to retain outside advisors as needed and sets expectations for regular meetings and annual reviews of committee performance and charter.
The document outlines the charter for the Compensation & Benefits Committee of Owens & Minor, Inc. It establishes that the committee will be comprised of at least 3 independent directors who are responsible for overseeing compensation plans and policies for the company's officers. The committee's primary objectives are to independently review and approve officer compensation. Key duties include annually evaluating the CEO's performance and compensation, administering compensation plans, and preparing required disclosures regarding executive pay.
Owens & Minor reported financial results for the 1st quarter of 2007. Revenue grew 33.6% to $1.7 billion including $282.5 million from the recently acquired McKesson business. Diluted earnings per share were $0.27, impacted by $0.12 per share dilution from the McKesson transition. The outlook for 2007 remains unchanged with revenue growth of 15-20% and diluted EPS between $1.85-$1.95, with stronger revenue growth expected in the first three quarters due to the timing of the McKesson acquisition.
Owens & Minor reported its 3rd quarter 2007 financial results, with revenue increasing slightly from the previous quarter to $1.687 billion. Gross margins remained steady at 10.6% of revenues. Selling, general and administrative expenses decreased to 7.8% of revenues. As a result, operating earnings improved to 2.4% of revenues, up from 1.5% in the previous quarter. Diluted earnings per share increased to $0.52 from $0.36 in the prior quarter.
This document summarizes Owens & Minor's 2007 Investor Day presentation. The presentation discussed Owens & Minor's value proposition to customers, which includes a nationwide distribution footprint, experienced workforce, long-standing customer relationships, and 125 years of expertise in healthcare supply chain management. It also outlined opportunities to expand relationships through supply chain management services, using technology and data to improve visibility and reduce costs, and providing expertise in areas like inventory management, logistics, and clinical support services. The presentation noted the large market opportunity in the healthcare supply chain sector and Owens & Minor's goal of being a strategic partner to customers.
The Johns Hopkins Health System consists of several hospitals and provides over 3 million meals and services to over 82,000 patients annually. It aims to achieve "best in class" status through consolidating procurement, building an efficient receiving facility, redesigning distribution facilities, implementing supply chain metrics, and partnering with suppliers. Challenges include standardizing processes while supporting small businesses and ensuring adequate staffing and training.
The document outlines Owens & Minor's 2007 Investor Day presentation which discusses the company's strategic direction and financial outlook. It provides an overview of Owens & Minor's market position as a leading distributor of medical supplies, its focus on customer service excellence and partnerships with suppliers. The presentation also reviews the company's financial performance, goals to expand into new product lines and markets, and outlook for continued revenue growth and margin improvement in 2008.
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2. Company Overview 2007
Mission
Owens & Minor, Inc., a FORTUNE 500
To create consistent value for our customers and
company headquartered in Richmond,Virginia,
supply-chain partners that will maximize shareholder
is the leading distributor of medical and surgical
value and long-term earnings growth; we will do this
supplies to the acute-care market and a leading
by managing our business with integrity and the
healthcare supply-chain management company.
highest ethical standards, while acting in a socially
In 2007, Owens & Minor reported 23% revenue
responsible manner with particular emphasis on the
growth fueled by a strategic acquisition, as well as
well-being of our teammates and the communities
strong organic growth. For the year, revenues
we serve.
topped $6.8 billion.
Using its network of distribution centers
Vision
located nationwide, the company provides
To be a world class provider of supply-chain
hospitals, integrated healthcare systems, alternate
management solutions to the selected segments of
care locations, the federal government and
the healthcare industry we serve.
individual consumers with a comprehensive
offering of medical and surgical products.The
Values
company also provides acute-care provider
We believe in high integrity as the guiding principle
customers with advanced supply-chain
of doing business.
management services, enabling them to achieve
We believe in our teammates and their well-being.
greater efficiency and lower the overall cost of
We believe in providing superior customer service.
the healthcare supply chain.
We believe in supporting the communities we serve.
Founded in Richmond in 1882, Owens
We believe in delivering long-term value to
& Minor is proud of its legacy of service. The
our shareholders.
company’s essential mission, vision and values
continue to support a culture of customer-
service excellence, teammate well-being,
business integrity, social responsibility, and the
creation of shareholder value. In fact, Owens &
Minor’s stock price increased 35.7% in 2007,
Contents
while its ten-year cumulative total return to
shareholders exceeds 200%. 1 . . . . . . . . . . . . . . . . . . . . . . .Financial Highlights
Today, Owens & Minor common shares are 2 . . . . . . . . . . . . . . . . . . . . Letter to Shareholders
traded on the New York Stock Exchange under 4 . . . . . Board of Directors and Corporate Officers
the symbol OMI. For more information, visit the 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . Form 10-K
company’s Web site at www.owens-minor.com. Inside Back Cover . . . . . . . Corporate Information
2007 Annual Report & Form 10-K
3. Financial Highlights
(in thousands, except per share data)
Percent Change
Year ended December 31, 2007 2006 2005 07/06 06/05
Revenue $6,800,466 $5,533,736 $4,822,414 22.9% 14.8%
Net income $ 72,710 $ 48,752 $ 64,420 49.1% (24.3%)
Net income per common share - diluted $ 1.79 $ 1.20 $ 1.61 49.2% (25.5%)
Cash dividends per common share $ 0.68 $ 0.60 $ 0.52 13.3% 15.4%
Book value per common share at year-end $ 15.03 $ 13.60 $ 12.84 10.5% 5.9%
Stock price per common share at year-end $ 42.43 $ 31.27 $ 27.53 35.7% 13.6%
Total assets $1,515,080 $1,685,750 $1,239,850 (10.1%) 36.0%
Long-term debt $ 283,845 $ 433,133 $ 204,418 (34.5%) 111.9%
Shareholders' equity $ 614,359 $ 547,454 $ 511,998 12.2% 6.9%
$72.7
$1.79
$6.80
$64.4
$1.61 $0.68
$5.53
$0.60
$4.82
$48.8
$0.52
$1.20
’05 ’06 ’07 ’05 ’06 ’07
’05 ’06 ’07
’05 ’06 ’07
DILUTED EPS
REVENUE NET INCOME DIVIDENDS
(Dollars per share)
(Dollars in billions) (Dollars in millions) (Dollars per share)
2007 Annual Report & Form 10-K 1
4. Dear Shareholders, Teammates and Friends,
2007 was an exciting year for Owens & Minor, as we turned the
page on our 125th anniversary and began looking forward to a
new chapter in our history.We experienced significant growth in
2007, most of which was due to the acquisition of the $1 billion,
acute-care distribution business from McKesson Corporation in
late 2006, but about 40% of the growth was organic. In fact, our
business continued to grow faster than our market sector.We
believe that our revenue growth is directly related to our close
customer relationships and our ability to meet their supply-chain
needs on both basic and sophisticated levels.
In the course of my travels over the last year, I met with many
of our hospital customers and our healthcare supplier partners.
What I continue to hear from them validates our strategy in the
marketplace.We continue to win new accounts with our value-
analysis approach, offering solutions and techniques that produce
real supply-chain savings.
Our teams in the field and at the Home Office work
collaboratively with customers to create supply-chain management
solutions, such as storeroom and warehouse redesigns, inventory
management techniques, clinical supply-chain solutions, and
information management tools. Underlying our efforts are
Craig R. Smith
benchmarks and metrics that target supply-chain savings and
President & Chief Executive Officer
efficiency improvements.We improve transparency and provide
greater visibility into the supply chain for customers and suppliers
alike. Our hospital customers increasingly view us as an integrated
partner, rather than as a vendor.
In 2007, as we completed the transition and integration of the
acquired business, we invested in right-sizing our distribution
network and adjusting our workforce to meet our business needs.
In the coming year, we expect to continue investing in the
infrastructure and systems that make our services possible and
enable us to take on faster-than-industry growth.
Reflecting on 2007, we recognize that it was a year of
operational and financial achievement for Owens & Minor.
We completed the transition and integration of the acquisition
according to schedule. And, although we may not have hit every
2 2007 Annual Report & Form 10-K
5. benchmark, we did achieve strong revenue growth diversity as we conduct our daily business.We strive
and are now nearly a $7 billion company. Disciplined each year to increase the diversity of our supplier base,
asset management resulted in operating cash flow of as we also work to ensure that our teammates reflect
nearly $220 million, allowing us to reduce long-term the diversity around us.We are proud of our
debt by approximately $150 million over the year. achievements in this area.
As for our 2007 performance on Wall Street, our In a final note, I want to recognize the passing of a
stock price increased 35.7% over the course of the year. pivotal figure in our company’s history. Mr. Philip M.
We outperformed major broad market indices Minor, the uncle of our chairman, passed away in
including the S&P 500, the Dow Jones Industrials, January 2008. Phil Minor began his career in the
and the NYSE composite.We also outperformed our stockroom and performed many roles for the company,
industry peer group, as well as our own small cap finally serving as acting chairman for a decade. I can
and healthcare indices. Because our board of directors only second what our Chairman, G. Gilmer Minor, III,
believes strongly in delivering long-term value to said about his uncle: “He personified everything that is
shareholders, it increased our dividend by nearly 18% good about Owens & Minor.” We will truly miss him.
for the first quarter of 2008.And, I’m pleased to report With every decision we make, we aim to do what’s
that over the last ten years, our cumulative total return right for our customers and suppliers – to provide value
to shareholders has exceeded 200%. with every service and to improve what we do every
These financial and operational achievements are year. Every day with our teammates, we strive to
important, but I am equally proud of the investment provide a supportive workplace as they serve our
we made in our teammates and in our communities in customers.
2007. One of the ways we invest in our teammates is In 2007, our teammates went above and beyond
by providing education and training through Owens & their normal duties in a year that was extremely
Minor University (OMU). In 2007, our teammates complex and challenging. I want to convey my
participated in more than 5,000 on-line courses, while gratitude for their efforts and my pride in their
more than 1,300 students took instructor-led courses. accomplishments in what I believe was an excellent
As we now offer classes to customers, some 200 year for the company. And, as we do every year, we
professionals from hospitals around the country enrolled extend our thanks to our customers, suppliers, and
last year in OMU supply-chain management courses. shareholders for their enduring support.
Another important part of our mission, vision, Sincerely,
and values is supporting the communities we serve.
Through our Volunteer Council, we donated time,
talent and funds to scores of community organizations.
Our teammates in the field and at the Home Office Craig R. Smith
raised money, donated time and participated in causes President & Chief Executive Officer
ranging from Big Brothers Big Sisters to the Special
Olympics.We also believe in supporting the ideal of
Integrity Service Value
2007 Annual Report & Form 10-K 3
6. Board of Directors
John T. Crotty (70) 2,4* Robert C. Sledd (55) 3,4
G. Gilmer Minor, III (67) 1*
Managing Partner, Chairman,
Chairman & Retired CEO,
CroBern Management Partnership Performance Food Group
Owens & Minor, Inc.
President, CroBern, Inc.
Craig R. Smith (56) 1,4
James E. Rogers (62) 1
Richard E. Fogg (67) 1,2*,4 President & CEO,
Lead Director,
Retired Partner, Owens & Minor, Inc.
Owens & Minor, Inc.
PricewaterhouseCoopers LLP
President, SCI Investors Inc.
James E. Ukrop (70) 2,5
Eddie N. Moore, Jr. (60) 2,5 Chairman,
A. Marshall Acuff, Jr. (68) 1,3,5*
President, Ukrop’s Super Markets, Inc.
Retired Senior Vice President
Virginia State University Chairman, First Market Bank
& Managing Director,
Salomon Smith Barney, Inc.
Anne Marie Whittemore (61) 1, 3*,5
Peter S. Redding (69) 2,4
J. Alfred Broaddus, Jr. (68) 3,5 Retired President & CEO, Partner, McGuireWoods LLP
Standard Register Company
Retired President,
Federal Reserve Bank of Richmond
Board Committees:
1Executive Committee, 2Audit Committee, 3 Compensation & Benefits Committee,
4 Strategic Planning Committee, 5 Governance & Nominating Committee, *Denotes Chairman
Corporate Officers
Craig R. Smith (56) Grace R. den Hartog (56)
President & Chief Executive Officer Senior Vice President, General Counsel & Corporate Secretary
President since 1999 and Chief Executive Officer since July 2005. Senior Vice President, General Counsel & Corporate Secretary since 2003.
Mr. Smith has been with the company since 1989. Ms. den Hartog previously served as a Partner of McGuireWoods LLP
from 1990 to 2003.
James L. Bierman (55)
Senior Vice President & Chief Financial Officer Hugh F. Gouldthorpe, Jr. (69)
Vice President, Quality & Communications
Senior Vice President & Chief Financial Officer since June 2007.
Previously, he served as Executive Vice President & Chief Financial Vice President, Quality & Communications since 1993.
Officer at Quintiles Transnational Corp. from 2001 until 2004. Mr. Gouldthorpe has been with the company since 1986.
He joined Quintiles in 1998. Prior to that Mr. Bierman was a
Richard W. Mears (47)
Partner of Arthur Andersen LLP from 1988 until 1998.
Senior Vice President, Chief Information Officer
Richard F. Bozard (60) Senior Vice President, Chief Information Officer since 2005. Previously,
Vice President,Treasurer Mr. Mears was an Executive Director with Perot Systems from 2003 to
Vice President,Treasurer since 1991. 2005, and an account executive from 1998 to 2003.
Mr. Bozard has been with the company since 1988.
Scott W. Perkins (51)
Olwen B. Cape (58) Group Vice President, Sales & Distribution
Vice President, Controller Group Vice President, Sales & Distribution since 2005. Mr. Perkins
Vice President, Controller since 1997. served as Senior Vice President, Sales & Distribution from January to
Ms. Cape has been with the company since 1997. October 2005. Prior to that, he served as Regional Vice President from
March to December 2004, and as Area Vice President from 2002 to 2004.
E.V. Clarke (47) Mr. Perkins has been with Owens & Minor since 1989.
Group Vice President, Sales & Distribution
W. Marshall Simpson (39)
Group Vice President, Sales & Distribution since October 2006.
Senior Vice President, Sales & Marketing
Previously, Mr. Clarke served as President of Acute Care for
Senior Vice President, Sales & Marketing since November 2007.
McKesson Medical-Surgical from April 2002 until September 2006,
Previously, Mr. Simpson served as Group Vice President, Sales &
when the business was acquired by Owens & Minor.
Distribution from October 2005 until November 2007, and as Regional
Vice President from 2004 to October 2005. Prior to that, Mr. Simpson
Charles C. Colpo (50)
served as Operating Vice President of Corporate Accounts from 2003
Senior Vice President, Operations
until 2004, and as Operating Vice President of Business Integration from
Senior Vice President, Operations since 1999 and Senior
2002 to 2003. Mr. Simpson has been with the company since 1991.
Vice President, Operations & Technology from April 2005 to
July 2006. Mr. Colpo has been with the company since 1981.
Mark A.Van Sumeren (50)
Senior Vice President, Strategic Planning & Business Development
Erika T. Davis (44)
Senior Vice President, Strategic Planning & Business Development since
Senior Vice President, Human Resources
September 2007; and Senior Vice President, Business Development since
Senior Vice President, Human Resources since 2001.
July 2006. Prior to that, Mr.Van Sumeren was Senior Vice President,
From 1999 to 2001, Ms. Davis was Vice President of
OMSolutionsSM from 2003 to 2006. Mr.Van Sumeren previously served as
Human Resources. Ms. Davis has been with the company
Vice President for Cap Gemini Ernst & Young from 2000 to 2003.
since 1993.
Numbers inside parentheses indicate age .
4 2007 Annual Report & Form 10-K
7. Corporate Information
Annual Meeting Information for Investors
The annual meeting of Owens & Minor, Inc.’s shareholders The company files annual, quarterly and current reports,
will be held at 10:00 a.m. on Friday, April 25, 2008, at information statements and other information with the
Owens & Minor, Inc., 9120 Lockwood Boulevard, Securities and Exchange Commission (SEC).The public
Mechanicsville,Virginia, 23116. may read and copy any materials that the company files
with the SEC at the SEC’s Public Reference Room at
Transfer Agent, Registrar 100 F Street, N.E.,Washington, D.C. 20549.The public
and Dividend Disbursing Agent may obtain information on the operation of the Public
The Bank of New York Reference Room by calling the SEC at 1-800-SEC-0330.
Investor Services Department The SEC also maintains an Internet site that contains
P.O. Box 11258 reports, proxy and information statements, and other
Church Street Station information regarding issuers that file electronically with
New York, NY 10286-1258 the SEC.The address of that site is http://www.sec.gov.
800-524-4458 The address of the company’s Internet Web site is
shareowners@bankofny.com www.owens-minor.com.Through a link to the SEC’s
Internet site on the Investor Relations portion of our Web
BuyDIRECTSM Stock Purchase
site, we make available all of our filings with the SEC,
and Dividend Reinvestment Plan
including our annual report on Form 10-K, quarterly
Our transfer agent,The Bank of New York, offers a Direct
reports on Form 10-Q, current reports on Form 8-K and
Purchase and Sale Plan for shares of Owens & Minor, Inc.
amendments to those reports, as well as beneficial
common stock known as the BuyDIRECTSM Plan.The
ownership reports filed with the SEC by directors, officers
BuyDIRECTSM Plan provides registered shareholders of
and other reporting persons relating to holdings in Owens
Owens & Minor and interested first-time investors a way
& Minor, Inc. securities.This information is available as
to buy and sell shares of Owens & Minor common stock.
soon as the filing is accepted by the SEC.
Inquiries should be directed to The Bank of New York
(see contact information above). Corporate Governance
The company’s Bylaws, Corporate Governance Guidelines,
Shareholder Records
Code of Honor and the charters of the Audit,
Direct correspondence concerning Owens & Minor, Inc.
Compensation & Benefits, and Governance & Nominating
stock holdings or change of address to The Bank of
Committees are available on the company’s Internet Web
New York’s Investor Services Department (listed above).
site at www.owens-minor.com and are available in print to
Direct correspondence concerning lost or missing dividend
any shareholder upon request by writing to:
checks to:
Corporate Secretary
The Bank of New York
Owens & Minor, Inc.
Receive and Deliver Department
9120 Lockwood Boulevard
P.O. Box 11002
Mechanicsville,Virginia 23116
Church Street Station
New York, NY 10286-1002 Communications with the Board of Directors
The Board of Directors has approved a process for
Duplicate Mailings
shareholders to send communications to the Board.
When a shareholder owns shares in more than one account
Shareholders can send written communications to the
or when several shareholders live at the same address, they
Board, any committee of the Board, the Lead Director
may receive multiple copies of company mailings.To
or any other individual director at the following address: P.O.
eliminate multiple mailings, please write to the transfer
Box 26383, Richmond,Virginia 23260. All communications
agent.
will be relayed directly to the applicable director(s), except
Counsel for communications screened for security purposes.
Hunton & Williams
Certifications
Richmond,Virginia
The company’s Chief Executive Officer certified to the
Independent Auditors New York Stock Exchange (NYSE) within 30 days after
KPMG LLP the company’s 2007 Annual Meeting of Shareholders that
Richmond,Virginia he was not aware of any violation by the company of
NYSE corporate governance listing standards.The company
Press Releases also filed with the SEC as exhibits 31.1, 31.2, 32.1 and 32.2
Owens & Minor, Inc.’s press releases are available
to its Annual Report on Form 10-K for the year ended
at www.owens-minor.com.
December 31, 2007, certifications by its Chief Executive
Officer and Chief Financial Officer.
Investor Relations
804-723-7555
2007 Annual Report & Form 10-K
8. Mailing Address
Corporate Office Street Address
Post Office Box 27626
804-723-7000 9120 Lockwood Boulevard
Richmond, Virginia 23261-7626
www.owens-minor.com Mechanicsville, Virginia 23116