09:13 AM EDT, 05/03/2024 (MT Newswires) -- Owens & Minor ( OMI ) reported Q1 adjusted net income Friday of $0.19 per share, up from $0.05 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Net revenue for the quarter ended March 31 was $2.61 billion, up from $2.52 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.64 billion.

The company said it continues to expect 2024 adjusted EPS of $1.40 to $1.70 on revenue of $10.50 billion to $10.90 billion. Analysts surveyed by Capital IQ expect normalized EPS of $1.57 on revenue of $10.66 billion.

The company's shares were up more than 6% in recent Friday premarket activity.

Price: 26.02, Change: +1.51, Percent Change: +6.16