NYSE$ACH

Accendra Health Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record fourth quarter and full year earnings results, driven by sales growth, operating efficiencies, and product mix.

Owens & Minor reported strong Q4 2020 results with revenue growth of 8% year-over-year and significant increases in GAAP EPS and Adjusted EPS. The company benefited from increased demand for PPE and strong performance in its home healthcare business. They also reduced total debt by $303 million in the fourth quarter.

  • Q4 year-over-year revenue growth of 8%.
  • Q4 GAAP EPS of $0.72 and Adjusted EPS of $1.14 representing growth of nearly 400%.
  • Total company Q4 revenue growth was driven by increased demand for PPE and strong performance in home healthcare business.
  • Total debt reduced by $303 million in the fourth quarter.

Headline financials

Total Revenue

$2.36B

Previous: $2.19B+7.8%
EPS (adj)

$1.14

Previous: $0.24+375.0%
Capital Expenditures

$28.7M

Previous: $11.2M+156.8%
Free Cash Flow

$42.3M

Previous: $15.8M+167.9%
Net Income

$50.7M

Previous: -$39M+230.0%
Operating Income

$95.6M

Previous: $14.5M+557.7%
Gross Profit

$399M

Previous: $285M+40.0%
Cash & Equivalents

$83.1M

Previous: $67M+23.9%
Total Assets

$3.34B

Previous: $3.64B-8.4%
Stock-Based Comp

$4.74M

Previous: $3.75M+26.4%

Revenue & EPS history

Owens & Minor · Revenue · Quarterly

$2.36B

Q4 2020+7.8%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The Company expects adjusted net income for 2021 to be in a range of $3.00 to $3.50 per share.

Tailwinds

  • Increase in PPE capacity and manufacturing efficiencies during 2021
  • Pass through of exam glove cost increases will contribute $300-$500 million to top line, with minimal impact to profitability
  • The strength of Q4 2020 elective procedures expected to continue through 1H 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+2.3%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+58.9%

Q2 2019

Best reaction

-37.6%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.7%-18.7%-23.7%
Q4 2025+5.7%+4.8%-21.0%
Q3 2025-4.8%-33.1%-47.9%
Q1 2025-9.6%-6.8%+3.2%
Q4 2024+39.0%+41.4%+24.5%
Q3 2024-11.7%-3.4%+10.3%
Q2 2024-9.4%-9.7%-5.4%
Q1 2024-21.6%-26.1%-28.9%
Q4 2023+2.7%+12.6%+23.1%
Q3 2023+25.0%+19.1%+39.5%
Q2 2023+2.5%+8.4%-6.8%
Q1 2023+31.2%+35.7%+57.4%
Q4 2022-21.3%-13.8%-28.1%
Q3 2022+3.9%+9.2%+19.8%
Q2 2022-10.8%-6.7%-25.8%
Q1 2022+10.3%+4.7%-5.2%
Q4 2021+13.3%+21.0%+21.6%
Q3 2021+23.8%+18.3%+9.5%
Q2 2021-16.8%-16.8%-16.7%
Q1 2021-4.0%-4.7%+19.8%
Q4 2020+27.8%+34.3%+51.3%
Q3 2020+1.3%-2.5%+0.2%
Q2 2020-16.2%-25.0%-2.9%
Q1 2020-6.3%-2.9%+5.6%
Q4 2019-12.0%-30.0%+0.6%
Q3 2019+8.1%+5.9%+16.9%
Q2 2019+58.9%+69.1%+148.1%
Q1 2019+7.4%+7.4%-27.1%
Q4 2018-16.6%-19.1%-45.1%
Q3 2018-37.6%-33.9%-46.3%
Q2 2018-21.7%-24.4%-5.7%
Q1 2018+6.8%+9.4%+8.2%
Q4 2017+4.4%+7.6%+9.3%
Q3 2017-24.0%-21.2%-23.7%
Q2 2017-5.9%-11.9%-13.3%
Q1 2017-4.8%-5.4%-6.3%
Q4 2016-2.6%-2.6%-2.3%
Q3 2016+1.0%+0.6%+5.4%
Q2 2016-0.1%-0.1%-2.3%
Q1 2016-2.2%
Q4 2015+7.9%
Q3 2015+1.1%
Q2 2015+5.1%
Q1 2015+3.8%
Q4 2014-3.3%
Q3 2014-2.1%
Q2 2014-2.7%
Q1 2014-2.4%
Q4 2013+3.8%
Q3 2013-1.5%
Q2 2013-3.5%
Q1 2013+6.9%
Q4 2012-1.1%
Q3 2012-1.0%
Q2 2012-6.0%
Q1 2012-2.5%
Q4 2011-0.1%
Q3 2011-1.5%
Q2 2011+0.3%
Q1 2010-0.2%
Q1 2011+2.1%
Q4 2008+2.5%
Q4 2010+2.5%
Q3 2009-1.4%
Q3 2010-1.4%
Q2 2010+2.4%
Q2 2009+2.4%
Q4 2009+2.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro