Owens & Minor Inc. (NYSE:OMI) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 08:30 am ET


Owens & Minor Inc. (NYSE:OMI) Q3 2019 Earnings Conference Call - Final Transcript


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Good morning ladies and gentlemen and welcome to Owens & Minor's Third Quarter 2019 Financial Results Conference Call. My name is Gigi and I will be your operator for today. [Operator Instructions]

I would now like to turn the presentation over to your host for today's call Mr. Chuck Graves. Please precede Mr. Graves.

Chuck Graves

Thank you operator, Good morning everyone and welcome to the Owens & Minor Third Quarter 2019 Earnings Call. I'm Chuck Graves and on behalf of the team I'd like to read a safe harbor statement before we begin. Our comments on the call today will be focused on financial results for the third quarter of 2019 which are included in the press release we issued earlier this morning. We will also be discussing certain organizational changes which were included in a separate press release. Please note that certain statements made on this call are forward-looking statements which are subject to risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today other than statements of historical facts are forward-looking statements and include statements regarding our anticipated financial and operational performance. Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks uncertainties and other factors that may cause our actual results to differ materially from any results predicted assumed or implied by the forward-looking statements.

The company has explained some of these risks and uncertainties in its SEC filings including in the risk factors section of the annual report on form 10 K and quarterly reports on form 10 Q. Except is required by law or the listing rules of the New York Stock Exchange the company expressly disclaims any intent or obligation to update any forward looking statements. Additionally in our discussion today we will reference certain non gap financial measures and information about these measures and reconciliation to the most comfortable gap financial measures are included in our press release. And our quarterly report on form 10 q I am joined this morning by Essa Sica our president and CEO who will provide commentary on the third quarter results and outlook for the business as well as recent organizational changes. And Mike Lowery SVP Chief accounting officer and interim chief financial officer who will discuss our third quarter results. And john Leon SVP and treasurer.

Now I would like to turn the call over to Ed who will start things off this morning. Ed?

Edward A. Pesicka

Thank you Chuck, Good morning everyone and thank you for joining us on the call today. After spending significant time with our customers supplier partners and teammates since joining Owens & Minor earlier this year it became clear we need to make changes to strengthen the alignment of our organization with the needs and demands of our customers and