Ownes & Minor (NYSE: OMI) reported Q2 EPS of $0.32, $0.14 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.47 billion.

GUIDANCE:

Ownes & Minor sees FY2018 EPS of $1.40-$1.50, versus the consensus of $1.98.

“As we look forward towards 2019, we have confidence in our ability to achieve a double digit, year-over-year adjusted earnings growth rate next year due to the expected contributions from our Halyard S&IP acquisition and realization of its associated synergies, continued strong Byram growth and our ability to realize operational improvements,” said Phipps.

Although the company does provide guidance for adjusted earnings per share (which is a non-GAAP financial measure), it is not able to forecast the most directly comparable measure calculated and presented in accordance with GAAP without unreasonable effort. Certain elements of the composition of the GAAP amounts are not predictable, making it impracticable for the company to forecast. Such elements include, but are not limited to restructuring and acquisition charges. As a result, no GAAP guidance is provided. For the same reasons, the company is unable to assess the probable significance of the unavailable information, which could have a potentially significant impact on its future GAAP financial results. The outlook is based on certain assumptions that are subject to the risk factors discussed in the company’s filings with the Securities and Exchange Commission.

For earnings history and earnings-related data on Ownes & Minor (OMI) click here.