Owens_Minor_2Q2008_webcast_slides_v_final
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Transcript of Owens_Minor_2Q2008_webcast_slides_v_final
Owens & Minor2Q 2008 Financial Results
Management Conference CallSupplemental Information
July 29, 2008
SAFE HARBOR
Except for historical information, the matters discussed in thispresentation may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risk factors are discussed in reports filed by the company with the Securities & Exchange Commission. All of this information is available at www.owens-minor.com. The company assumes no obligation, and expressly disclaims any such obligation, to update or alter information, whether as a result of new information, future events, or otherwise.
Revenue
$1,679 $1,687 $1,748 $1,753 $1,795
$0
$400
$800
$1,200
$1,600
$2,000
2Q07 3Q07 4Q07 1Q08 2Q08
(dollars in millions)
Gross Margin
10.53%10.57% 10.59%
10.67%
10.60%
10.2%
10.4%
10.6%
10.8%
2Q07 3Q07 4Q07 1Q08 2Q08
(as a percent of revenues)
7.95%
7.79%
7.87%
7.82%
7.89%
7.6%
7.8%
8.0%
2Q07 3Q07 4Q07 1Q08 2Q08
(as a percent of revenues)
Selling, General &Administrative Expense
2.33%2.46%2.33%2.43%2.19%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
2Q07 3Q07 4Q07 1Q08 2Q08
(as a percent of revenues)
Operating Earnings
Earnings per Share
$0.45$0.52
$0.59$0.55 $0.57
$0.00
$0.20
$0.40
$0.60
2Q07 3Q07 4Q07 1Q08 2Q08
(diluted)
2008 Outlook
The company continues to target 2008 annual revenue growth in the 5% to 7% range. The company is now targeting earnings per diluted share for the year in a range of $2.30 to $2.40, increased from the previous range of $2.20 to $2.30.
- press release dated July 28, 2008
Supplemental Information(dollars in millions)
$ 4.9 $ 3.9 $ 1.7 $ 2.6 $ 0.9 EBITDA(b)
2.6 2.7 2.7 2.5 2.4 Depreciation and amortization(a)
$ 2.3 $ 1.2 $ (1.0)$ 0.1 $ (1.5)GAAP operating (losses) earnings
2Q073Q074Q071Q082Q08
Non-GAAP Reconciliation – Direct-to-Consumer
(a) Excludes amortization related to direct-response advertising costs.
(b) Earnings before interest, taxes, depreciation and amortization (EBITDA) is considered a non-GAAP financial measure under the SEC’s rules. Management believes that EBITDA is an important financial measure for use in evaluating the performance of the company’s Direct-to-Consumer (DTC) business, as it excludes charges for depreciation and amortization which relate primarily to business acquisitions and do not reflect the cash costs associated with operating the business. EBITDA should be considered in addition to, rather than a substitute for, operating (losses) earnings as a measure of financial performance.
Supplemental Information
Schedule of Sales Days per Year
2006 2007 2008
1st Quarter 64 64 64
2nd Quarter 64 64 64
3rd Quarter 63 63 64
4th Quarter 62 63 63
Totals 253 254 255
Owens & Minorwww.owens-minor.com
2nd Quarter 2008
Investor Relations Contacts:
Trudi Allcott [email protected] 804.723.7555
Chuck Graves [email protected] 804.723.7556