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The filed complaint alleges that Owens & Minor, Inc. made materially false and/or misleading statements and/or failed to disclose that: Owens & Minor issued a press release on February 3, 2025, "announc[ing] selected preliminary financial results for the fourth quarter and year ended December 31, 2024 in advance of its upcoming earnings announcement and conference call." Among other items, Owens & Minor reported revenue that fell short of consensus estimates and said that it "expects to record a non-cash goodwill impairment charge within its Apria division of approximately $310 million, or approximately ($4.00) net loss per share." The Company attributed the impairment charge "to a combination of factors occurring in the fourth quarter 2024", "[t]he majority of [which] are related to financial market changes inclusive of a decline in Owens & Minor's stock price and rising interest rates." Following this news, Owens & Minor's stock price fell over 35% on the same day.
In order to be eligible to join the OMI class action lawsuit, you must have incurred a loss on shares of Owens & Minor, Inc. purchased during the class period listed above.
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