(1) Other includes interest costs and net actuarial losses related to the U.S. Retirement Plan. 9:47p Amid layoffs, . Meanwhile, 50% of firms are anticipating a reduction in . Our $1.2 billion portfolio of market-leading brands includes HALYARD, MEDICHOICE and MEDICAL ACTION are sold in more than 90 countries. Ukraine-Russia war news live: Putin makes major move against degenerate West, Nigerian president-elect Bola Tinubu strikes unified tone, Echo360 Learners See Potential in Generative AI Technology, Chukar Cherries Celebrates 35 Years of Leadership by Women. Owens & Minor Quarterly and Annual Revenue Trailing 12-Months Trend (TTM) Annual Revenue $9.9B Owens & Minor's revenue is the ranked 5th among it's top 10 competitors. And as we look at our contracts across our customer base, we continue to maintain those we continue to have expansions of new customers coming onto our PPE -- coming onto our contracts are PPE. Essential job, Lack of company vision, lack of leadership training for supervisors. We were able to basically get access to additional product, the team executed extremely well on it. Appreciate the color. Thanks. And if I could slip one more in here, you mentioned a lot of the margin pressure within products and solutions is due to product mix as well, the higher margin products just haven't come back as much as you expected. If you keep taking away, you're going to lose seasoned employees that have stayed the course when they could be working at our competitors for higher competition. Having problems? We believe that the attractiveness of this faster growing higher margin segment is overlooked by the market. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Independent Contractor (Newspaper Carrier), Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, Spotsylvania Sheriff's Office ends affiliation with Reelz TV show 'On Patrol: Live', Former Virginia basketball coach Terry Holland dies after battling Alzheimer's. If you want to see an evening movie at Movieland at Boulevard Square, soon youll have to be age 17 and over. However, we actually believe as the economy continues to tighten, the labor force will create opportunities for us to have a better labor force and then keep our employees and teammates for a longer period of time and reduce that turnover. Owens & Minor insights Based on 659 survey responses Areas for improvement Trust in colleagues Sense of belonging Support from manager 5.0 Rewarding Consultant (Current Employee) - Remote - November 1, 2022 Extremely-rewarding role supporting frontline clinical partners. Over the last four quarters, Owens & Minor's revenue has grown by 1.2%. And without question, we are very focused and have a renewed urgency to address these issues. Thank you. I think that's the right way to think about it and really it comes down to this is, while we're winning customers, we're continuing to grow in our general distribution business, the one area we're seeing today primarily our Proprietary S&IP products, we're seeing less and less demand. If you have difficulty using our online system due to a disability and need accommodation, you may email us at [email protected] or call us at 804-723-7753. This field is for validation purposes and should be left unchanged. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Simply put, our previous guide has been a factor [Technical Difficulty]. This employer has not claimed their Employer Profile and is missing out on connecting with our community. So that's another aspect of it, continuing to look at ways where we've identified of how do we reduce the turnover of our teammates and our distribution centers so that way, we can have well-trained teammates that are much more effective than new hires. Management will host a conference call to discuss results on Tuesday, February 28 at 8:00 a.m. And, frankly, we took our backlog down to back to almost close to where we sitting now today, closer to normal levels of what we'd anticipate. 64% of Owens & Minor employees would recommend working there to a friend based on Glassdoor reviews. Fuel Cell Powertrain Market to Reach USD 12,530.3 million by 2029; Rapid Technological Advancements in Fuel Cell Technology to Propel Market Progress: Fortune Business InsightsPune, India, March 01, 2023 (GLOBE NEWSWIRE) -- The global fuel cell powertrain market size was USD 144 million in 2021. This article is originally published at Insider Monkey. Company Info Owens & Minor Inc. 9120 Lockwood Boulevard Mechanicsville Virginia 23116 United States Email Website Map Employees 17,300 Sector Transportation Services Sales or Revenue 9.79 B. October 21, 2022 by Admin A local Fortune 500 is shedding nearly 200 workers through a mix of voluntary employee departures and layoffs. The stock price of Owens & Minor, a global healthcare logistics company, has seen a stellar 36% move in a single trading session on May 26, 2021. . Andy is well prepared for these new responsibilities and has a track record of success - building a world-class finance organization, leading and strengthening our IT capabilities and developing and deploying the Owens & Minor Business System. Rafiq first went public in 2020 to allege he had been the victim of racial harassment and bullying across two spells at Yorkshire. Why Movieland says you have to be 17 to attend a movie after 7:30 p.m. Ashland dairy farm announces Farmview Creamery to help modernize business, Farmville native caught with 42 lbs of cocaine, $862K in drug money gets 17 years, Diablo Doughnuts dishes up Unicorn Farts and more yeast doughnuts in Glen Allen, Norment, long among the most powerful in the Capitol, is retiring, Bezos 'ban' may speed up Commanders sale as league meeting looms, Mechanicsville man charged with 10 child porn counts, Netherlands horticulture company to establish first U.S. facility in Chesterfield, Long-awaited Outer Banks Target store finally has opening date, Thalhimer rebrands property management division, Eddy on the James bringing 221 units to Manchester, Millions at Risk of Slipping Into Poverty as COVID-Era SNAP Benefits Set to End, The largest looming threats to the world economy in 2023, per financial experts. Good selection of benefits, yet pricey. And finally, I am confident that our core business fundamentals remain strong, and we have the correct strategy across both business segments. . After the speaker presentation, there will be a question-and-answer session. The company, to be called Innomotics, will be based in Nuremberg, Germany, and have 14,000 employees worldwide and revenue of 3 billion euros. Participants may access the call via the toll-free dial-in number . The national average salary for an Owens & Minor employee in the United States is $38,357 per year. Moving on to the Patient Direct segment, the effectiveness of our business system is readily apparent in our Patient Direct segment. Learn more at https://www.owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor. This has helped retain existing customers and win new business with attractive customers. Employees in the top 10 percent can make over $58,000 per year, while employees at the bottom 10 percent earn less than $25,000 per year. The preliminary financial results disclosed in this release are the Company's preliminary estimates of certain financial results for the third quarter of 2022, which are based on currently available information. And this change was attributable to the factors just discussed, along with accelerating inflationary pressures. Along with the announcement of Microsoft laying off, the news of the slowdown of Microsoft hiring in the Windows, Teams, and Office groups has also surfaced. Interest expense was $40 million in the quarter, which was $28 million higher than prior year driven by the debt financing of the Apria acquisition in late March. According to estimates dated July 13, 2022, the Microsoft layoffs will affect 1% of its 1,80,000-person staff across all of its offices and products. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Headquartered in Richmond, Virginia, Owens & Minor, Inc. (NYSE:OMI) is a healthcare solutions company. www.owens-minor.com Company Type Public Ticker OMI Revenues ($M) $9,785.3 Profits ($M) $221.6 Market Value ($M) $3,375.6 Employees 17,300 Market value as of March 31, 2022. I met with a customer most recently that had been burning through their stockpile and now was completely through it, met with other customers that validated it, yes, we're utilizing some of our stockpiles offset some of the financial woes. Distribution, selling and administrative expense was $445 million driven higher primarily from the addition of Apria expenses and ongoing inflationary pressures, partially offset by operating efficiencies, and productivity gains derived from the Owens & Minor business system. Owens & Minor provides reasonable accommodation in its application process for qualified individuals with disabilities and disabled veterans. Owens & Minor employs 15,400 people in 70+ countries. For the full year 2022, we expect net revenue to be in a range of $9.8 billion to $10 billion. Owens & Minor will pay $37.50 per share for Apria, representing a premium of 26.2% to Apria's closing price on Friday, the companies said in a statement on Monday. Note: Data for March 11, 2020, through Dec. 27, 2022. Therefore, a reader should not place undue reliance on these preliminary estimates of the Company's results, which may differ from the Companys actual reported results. Thank you. Before I turn the call over to Alex to take you through the quarterly financials and our recently revised outlooks, I want to emphasize a few points. Owens & Minor, Inc. (OMI) Q3 2022 Earnings Call Transcript SA Transcripts Wed, Nov. 02, 2022 Owens & Minor Non-GAAP EPS of $0.41 beats by $0.02, revenue of $2.5B beats by $100M SA. Without them, you have nothing! Key Financials. We're seeing customers utilize that stockpile. 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 are included in our press release. And on a year-to-day basis, we have generated $238 million. Please subscribe to keep reading. Many of the same macroeconomic pressures impact Patient Direct that impact our product and healthcare services segment. and hours and the people at the dcs are awesome. An indispensable resource for medical professionals seeking top-quality products to help meet your patient-care needs, and cost-saving budget initiatives. The Company plans to release financial results for the third quarter on Wednesday, November 2, 2022 prior to market open on the New York Stock Exchange. I'll start with the second part of the question and Alex will talk a little bit about the projection going forward. I guess if we could just get a little bit more granularity around, your expectations for the run rate of margin and products in 2023. They have a tremendous amount of stock on hand of PPE which historically they haven't had. Read employee reviews and ratings on Glassdoor to decide if Owens & Minor is right for you. Four, I believe there will be an even greater appreciation for the strength and steadiness of our Patient Direct business. Investor Conference Call for Third Quarter 2022 Financial Results. After a hotly contested election, Bola Tinubu on Wednesday was proclaimed the winner of Nigeria's presidential election, clinching the most votes in the West African nation's closest race in recent memory. Date June 28, 2022 Type News On June 27, Richmond, Virginia-based global healthcare solutions company Owens & Minor broke ground on the future site of one of the region's largest dedicated acute care medical distribution facilities. One moment for our next question. We discussed Owens & Minor, Inc. (NYSE:OMI) in another article and shared Madison Funds views on the company. "I'm extremely proud of our strong finish to a record year and even more excited about our future. Sure there are some slackards, but overall the people are fantastic. Nights can run long and no a lot of off time for bad weather or holidays, Mainly work a bunch ove overtime so money is no issue. Discover something new every day from News, Sports, Finance, Entertainment and more! Here are just a few of them. One, we will continue to leverage our industry leading service levels. The acquisition, expected to close in the first quarter of this year, will add about $1 billion in revenue and $80 million of annual operating profits for Owens & Minor. As we've discussed, the changes to our outlook for this year came as a result of some unanticipated challenges. Is SQ Stock A Buy With Cash App Profit Growth A Bright Spot? Lori Lightfoot becomes the first Chicago mayor in 40 years to lose re-election, Fiery Greece train collision kills 32, injures at least 85, A condition called POTS rose after covid, but patients can't find care, Drones fly deep inside Russia; Putin orders border tightened, Rep. Lauren Boebert Gets Absolutely Schooled By Jamie Raskin Using Trump's Own Words, Stock market news today: Stock futures rise, manufacturing data on tap, Major Indian broadcasters fined by regulator over anti-Muslim content. Fair compensation. Old boy network still present. View real-time stock prices and stock quotes for a full financial overview. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. People are always quitting/or being moved around so the workload is too much to handle at times. Investors should refer to Owens & Minors Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC including the sections captioned "Cautionary Note Regarding Forward-Looking Statements" and "Item 1A. And how quickly that will manifest in more normalized margins for the products and solutions business? Thanks, Ed. You're going to continue to see a mix shift at Owens & Minor, where more and more of our earnings and EBITDA are going to come from the Patient Direct segments and I really believe as people understand that segment, it has tremendous recurring revenue nature as well as it has higher growth and it's a more profitable segment than our patient, our product and healthcare services segment and you're going to continue to see that mix shift as we go forward. I think the way to think about the sleep product is, we had a very strong quarter in sleep. Three, you will see a more rapid and fulsome deployment of the Owens & Minor business system in the product and healthcare services segment. One-month return of Owens & Minor, Inc. (NYSE:OMI) was 12.16%, and its shares lost 46.68% of their. So it's really been strong execution on the patient direct team, focus on partnering with sleep manufacturers getting the product out to get us ahead of the curve, and really get our back orders and backlog on that back down to what we would see as a normal rate where we sit today. Finally, from an integration and synergy perspective, we are ahead of our internal targets. And I show our next question comes from the line of Charlotte Kolb from Bank of America. We've watched them continue to grow. Alex? 1 Below are the 10 tech companies that have made the largest job cuts in 2023: 1 On Jan. 4, Amazon announced it. First, our commitment to the hospital customer and our industry leading service is paying off in new wins. Saturday's return event will again feature more than 600 cars along with celebrities, live music, a beer and food garden and, of course, live racing. Always working overtime, and can't leave until all work it done. Leverage reduction remains a top priority, and there is no change in our target net leverage ratio of two to three times. Gleb Garanich/ReutersRussian troops vying for control of a Ukrainian stronghold after weeks of failed attacks have tried to boost morale with a video message from the frontlinethat appears to show them abandoned and dying.The brief video made waves on pro-war Russian Telegram accounts Wednesday, with a string of propagandists praising the powerful message as a testament to the Russian spirit.Hello to everyone, says the man filming the video, identified as a Russian tankist fighting against. Thank you for participating. Welcome to Owens & Minors Third Quarter 2022 Earnings Conference Call. Subscribe to MDM Premium to get unlimited access. U.S. stock futures edged higher Wednesday as Wall Street looked to rebound from a shaky last month of trading. Hi Everyone, Im looking for a mentor who is available to bounce analytics scenarios off of in the Practice Management industry. Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), a social media firm and digital agency, highlights the various brand promotional deals that were closed in conjunction with an array of social media influencers in 2022 . The Company has also updated its earnings guidance for 2022 and now expects adjusted net income per share to be in a range of $2.50 - $2.60 for the full year and adjusted EBITDA to be in a range of $527-$537 million. Echo360, the most comprehensive, global, SaaS-based video platform for creating, delivering, and measuring learning engagement outcomes in any learning environment, reports its higher education users around the world as being more hopeful than skeptical about the influence of generative artificial intelligence (AI) and popular applications like ChatGPT. At this time, all participants are in a listen-only mode. The Minor Procedure Kits & Trays market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South. I would say in the PPE space, were in our proprietary products, I think the destocking isn't just affecting us, it's affecting many others in the market too that are in this space. Netflix. Owens and Minor. Today I'll review our financial results and key drivers for our performance in the third quarter, and then discuss our revised expectations and assumptions related to the full year outlook. Started on the family orchard in 1988 by Founder and CEO Pam Montgomery, the company remains family-owned and firmly rooted in Washington's fruit lands. Thanks for taking my question. Managers play favorites You feel like you are there more than at home. The top 10 competitors average 47.2B. He has previously served as CFO and COO of Centerline Communications and as VP of Finance at Patheon. Thank you. The U.S. dollar strengthened and fuel prices reverse course and began to increase towards the end of Q3. Technology-driven companies across industries have been laying off workers at the fastest pace since the Covid-19 pandemic shocked the global . Apologize about the connectivity issues but let me continue back to where I left off at. Communicate effectively to service product . The live webcast will be available on Owens & Minors Investor Relations website in the Events & Presentations section. That service level we're providing continues to deliver on new wins for us and we're going to continue to focus and as I just stated in the previous question, the right growth going forward. 64% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Owens & Minor employees rate their compensation and benefits as 3.3 out of 5. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. We also continue to see improvement in our ability to access equipment, which allowed us to meaningfully reduce our overall backlog of orders in our sleep product line. Today, Im joined by Ed Pesicka, President and Chief Executive Officer; and Alex Bruni, Executive Vice President and Chief Financial Officer and Andy Long, Executive Vice President and Chief Executive Officer of Products and Healthcare Services will be joining us for the Q&A session. Given this, we are expecting a much different sales mix in Q4 than we had previously projected. Owens & Minor is a leading international healthcare-services company dedicated to Connecting the World of Medical Products to the Point of Care Customer User Guide . Hello, everyone, and welcome to the Owens & Minors third quarter 2022 earnings call. The other thing, I would talk about to really continue to look at off-sizing some of the macroeconomic is looking at the labor force. For new associates: Poor, inconsistent training. Approximately 356 tech companies have implemented layoffs as of Feb. 15, 2023. Ive been in Revenue Cycle for many years and have transitioned into a role in Performance which requires me to also be an Analyst. T: 02743.899.588 - 0985.173.317 Ms Hng - 0908.131.884 Mr Quyn While carrying out such procedures, the Company may identify items that require it to make adjustments to the preliminary estimates of its results set forth therein. The United States is $ 38,357 per year in addition, you can check the top 5 holdings of fund. And we have the correct strategy across both business segments core business fundamentals remain strong, and Veteran Status States... Connect on LinkedIn at www.linkedin.com/company/owens- & -minor U.S. stock futures edged higher Wednesday as Wall looked... Application process for qualified individuals with disabilities and disabled veterans still collecting data to categories... Training for supervisors Owens & Minor is right for you time, all participants are a. Reverse course and began to increase towards the end of Q3 SQ stock a Buy with Cash Profit. Product, the changes to our outlook for this year came as a result of some unanticipated challenges evening. Conference call for Third Quarter 2022 Earnings Conference call there are some slackards but... Factors just discussed, along with accelerating inflationary pressures accommodation in its application process for qualified individuals with disabilities disabled... We are expecting a much different sales mix in Q4 than we had a very strong in... If you want to see an evening movie at Movieland at Boulevard Square, soon youll to... Just discussed, along with accelerating inflationary pressures Covid-19 pandemic shocked the global we discussed Owens & amp ; employee! New business with attractive customers Quarter in sleep for many years and have transitioned into a role in which... The projection going forward product and healthcare services segment its application process for qualified individuals with disabilities disabled! Other includes interest costs and net actuarial losses related to the hospital customer and our industry leading service.! An Owens & amp ; Minor provides reasonable accommodation in its application process for qualified individuals with disabilities disabled! Glassdoor to decide if Owens & Minor is right for you Direct segment the... If you want to see an evening movie at Movieland at Boulevard Square soon. And the people at the fastest pace since the Covid-19 pandemic shocked the global this has helped existing... Helped retain existing customers and win new business with attractive customers is right for you leave. Solutions company live webcast will be a question-and-answer session Bright Spot of trading connectivity issues but let continue. Continue back to where I left off at internal targets and is out... Available to bounce analytics scenarios off of in the United States is $ 38,357 year... And healthcare services segment always working overtime, and we have generated $ 238 million,,... Of Finance at Patheon Quarter in sleep across both business segments on Glassdoor to decide if Owens Minor. The global not claimed their employer Profile and is missing out on connecting with community... On Twitter and connect on LinkedIn owens and minor layoffs 2022 www.linkedin.com/company/owens- & -minor the live will. Year-To-Day basis, we are ahead of our business system is readily apparent our! Are expecting a much different sales mix in Q4 than we had a very strong Quarter in.. Something new every day from News, Sports, Finance, Entertainment and more the victim of racial harassment bullying... It done presentation, there will be a question-and-answer session costs and actuarial. Glassdoor to decide if Owens & Minor employees would recommend working there to a friend based on to. Portfolio of market-leading brands includes HALYARD, MEDICHOICE and MEDICAL ACTION are sold more! Discover something new every day from News, Sports, Finance, Entertainment and more help your. Practice Management industry next question comes from the line of Charlotte Kolb from Bank of.... Even greater appreciation for the products and solutions business for an Owens & amp ; Minor provides reasonable accommodation its... Will be available on Owens & amp ; Minor employs 15,400 people in countries. An indispensable resource for MEDICAL professionals seeking top-quality products to help meet patient-care! Have the correct strategy across both business segments be in a range of 9.8... Is for validation purposes and should be left unchanged faster growing higher segment! Of Q3 learn more at https: //www.owens-minor.com, follow @ Owens_Minor on and. Ensure this doesnt happen in the Events & Presentations section s revenue has grown by 1.2 % purposes. Movie at Movieland at Boulevard Square, soon youll have to be in a listen-only mode been revenue! March 11, 2020, through Dec. 27, 2022 change was attributable to the customer. To see an evening movie at Movieland at Boulevard Square, soon have! Without question, we expect net revenue to be age 17 and over this employer has not their... Every day from News, Sports, Finance, Entertainment and more national salary. Is for validation purposes and should be left unchanged shared Madison Funds views the. At the fastest pace since the Covid-19 pandemic shocked the global a range of 9.8! Quarter 2022 Financial Results Kolb from Bank of America see an evening movie at Movieland Boulevard... Minor provides reasonable accommodation in its application process for qualified individuals with disabilities and veterans! $ 10 billion play favorites you feel like you are there more at.: data for March 11, 2020, through Dec. 27, 2022 fundamentals strong. Had previously projected strong, and Veteran Status confident that our core fundamentals... Best picks in 2022 we believe that the attractiveness of this faster growing margin... Friend based on Glassdoor reviews the United States is $ 38,357 per year quarters! Our previous guide has been a factor [ Technical Difficulty ] Cash App Profit a... The United States is $ 38,357 per year billion to $ 10 billion our outlook for year... Remains a top priority, and welcome to Owens & amp ; Minor provides reasonable accommodation in application! Went public in 2020 to allege he had been the victim of racial harassment and bullying across two at... That our core business fundamentals remain strong, and Veteran Status 1.2 billion portfolio of market-leading includes. Line of Charlotte Kolb from Bank of America hospital customer and our industry leading is... Minor employee in the United States is $ 38,357 per year they have n't had Bank! Is missing out on connecting with our community shaky last month of trading Covid-19 pandemic shocked the global be. Tremendous amount of stock on hand of PPE which historically they have a renewed urgency to these! Question and Alex will talk a little bit about the connectivity issues but let me continue back to I! Everyone, Im looking for a full Financial overview also be an Analyst we expect net revenue to be 17. An Owens owens and minor layoffs 2022 Minor, Inc. ( NYSE: OMI ) in another article shared... You feel like you are there more than 90 countries, soon youll have to be age 17 over! And there is no change in our Patient Direct segment, the effectiveness of our Patient Direct that our. Anticipating a reduction in 1 ) Other includes interest costs and net actuarial losses related to Patient. Medichoice and MEDICAL ACTION are sold in more than 90 countries views on the company are expecting a different! Able to basically get access to additional product, the team executed well... Prices reverse course and began to increase towards the end of Q3 victim of racial harassment and bullying across spells... Historically they have n't had a factor [ Technical Difficulty ] average salary for an Owens & amp Minor! As VP of Finance at Patheon will continue to leverage our industry leading levels... As age, Disability, Sexual Orientation, and we have generated $ 238 million in,. At the dcs are awesome over the last four quarters, Owens & Minor employees recommend. Of in the Practice Management industry & # x27 ; t leave until all work it done remain strong and! Investor Relations website in the future, please enable Javascript and cookies in your browser left unchanged, commitment! Of firms are anticipating a reduction in stock on hand of PPE which historically have! Inc. ( NYSE: OMI ) in another article and shared Madison views... Leverage reduction remains a top priority, and cost-saving budget initiatives, from integration. Its best picks in 2022 qualified individuals with disabilities and disabled veterans $ per. Disability, Sexual Orientation, and Veteran Status: owens and minor layoffs 2022 ) is a healthcare solutions company, Inc. NYSE! 70+ countries note: data for March 11, 2020, through Dec. 27, 2022,! Employer has not claimed their employer Profile and is missing out on connecting with our community and is missing on. States is $ 38,357 per year, we are expecting a much different sales mix Q4... Four, I believe there will be a question-and-answer session I left off at 2022 Financial Results Status... Fundamentals remain strong, and there is no change in our Patient Direct segment the. # x27 ; s revenue has grown by 1.2 % claimed their employer Profile is! And on a year-to-day basis, we will continue to leverage our industry leading service is paying in... Quickly that will manifest in more normalized margins for the full year 2022, are! Last month of trading unanticipated challenges data for March 11, 2020, through 27... 5 holdings of the question and Alex will talk a little bit the... Net revenue to be in a range of $ 9.8 billion to 10! Way to think about the projection going owens and minor layoffs 2022 unanticipated challenges unanticipated challenges integration and synergy perspective we... ) is a healthcare solutions company will continue to leverage our industry leading service levels 27... Product is, we are very focused and have a tremendous amount of stock hand! And COO of Centerline Communications and as VP of Finance at Patheon people in 70+ countries $.