Owens&Minor Investor Day Presentation Deck
4
Use of Non-GAAP
Measures
Proprietary to Owens & Minor, Inc.
This presentation contains financial measures that are not calculated in accordance with U.S.
generally accepted accounting principles ("GAAP"). In general, the measures exclude items
and charges that (i) management does not believe reflect Owens & Minor's core business and
relate more to strategic, multi-year corporate activities; or (ii) relate to activities or actions that
may have occurred over multiple or in prior periods without predictable trends. Management
uses these non-GAAP financial measures internally to evaluate the Company's performance,
evaluate the balance sheet, engage in financial and operational planning and determine
incentive compensation.
Management provides these non-GAAP financial measures to investors as supplemental
metrics to assist readers in assessing the effects of items and events on its financial and
operating results and in comparing the Company's performance to that of its competitors.
However, the non-GAAP financial measures used by the Company may be calculated
differently from, and therefore may not be comparable to, similarly titled measures used by
other companies.
Although the Company does provide guidance for adjusted EBITDA, adjusted EPS and Free
Cash Flow (which are non-GAAP financial measures), it is not able to forecast the most
directly comparable measures 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, which could have a significant and
unpredictable impact on our GAAP results. As a result, no GAAP guidance or reconciliation of
the Company's adjusted EBITDA guidance, adjusted EPS guidance or Free Cash Flow
guidance is provided.
The non-GAAP financial measures disclosed by the Company should not be considered a
substitute for, or superior to, financial measures calculated in accordance with GAAP, and the
financial sults calcu ted in accordance with GAAP and reconciliations to those financial
statements set forth above should be carefully evaluated.
Owens
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