Revenue ($USD) : $9,955,475,000
R&D spend : not available
Employees : 20,000
Fiscal year end : 12/31/22
CEO : Edward Pesicka

Owens & Minor accompanied mixed Q4 results in February with an announcement that it would engage in a corporate realignment.

At the time, Owens & Minor said the realignment would include sourcing and demand management, organization structure redesign, network rationalization and operational excellence, and commercial excellence and product profitability enhancement. There was no mention of potential job cuts associated with the restructuring, but a mass layoff notice filed with the Massachusetts state government showed 61 employees let go at a distribution center in Franklin.

While recently detailing Q2 results, CEO Edward Pesicka said the company has already started to see financial benefits from the restructuring.

Founded in 1882, Owens & Minor provides product manufacturing, distribution support and technology services in roughly 70 countries, according to its most recent annual report. –CN