THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Wednesday, July 20, 1994 TAG: 9407200501
SECTION: BUSINESS PAGE: D3 EDITION: FINAL
SOURCE: Staff
LENGTH: Short : 22 lines
Owens & Minor Inc. incurred a net loss of $5.1 million or 19 cents per common share in the quarter ended June 30, the Richmond-based medical products supplier said Tuesday. The loss was a result of $11.2 million of non-recurring restructuring charges related to the company's May acquisition of Stuart Medical Inc. Sales for the quarter were a record $581.8 million, up 70.5 percent from $341.2 million during the second quarter of 1993. Prior to the restructuring expenses, net income was $6.0 million or 17 cents per common share, up 41.7 percent from $4.3 million earned during the second quarter of 1993. by CNB