Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Owens & Minor, Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Why Is Owens & Minor, Inc. (OMI) Under Investigation?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Owens & Minor, Inc. (“Owens & Minor” or “the Company”) (NYSE: OMI). Investors who purchased Owens & Minor securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Owens & Minor has violated federal securities laws.
What Potential Securities Violations Is BG&G Investigating?
On February 3, 2024, Owens & Minor issued a press release “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.” On this news, Owens & Minor’s stock price fell $5.01 per share, or 35.18%, to close at $9.23 per share on February 3, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Owens & Minor securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
How Did Owens & Minor, Inc. (OMI) Stock React?
How Does BG&G Help Investors in Securities Fraud Investigations?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”