

                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                                
                          WASHINGTON, D.C.  20549

                                 FORM 10-Q

(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended   June 30, 1995

                    OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from  _________ to                                   
                                        
Commission file number              1-9810                                     
                           
                            OWENS & MINOR, INC.

   (Exact name of Registrant as specified in its charter)

Virginia                                 54-1701843              
(State or other jurisdiction of     (I.R.S. Employer
incorporation or organization)       Identification No.)

4800 Cox Road, Glen Allen, Virginia          23060 
(Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code   (804) 747-9794            


(Former name, former address and former fiscal year, if changed since last
report)


     Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes    X   No  _____       

     The number of shares of the Company's Common Stock outstanding as of August
8, 1995 was 30,833,847 shares.   


                   Owens & Minor, Inc. and Subsidiaries
                                   Index
                                                        

Part I.   Financial Information

      Consolidated Balance Sheets - June 30, 1995 and      
      December 31, 1994

      Consolidated Statements of Income - Three Months and  Six Months
      Ended June 30, 1995 and 1994

      Consolidated Statements of Cash Flows - Six Months    
      Ended June 30, 1995 and 1994

      Notes to Consolidated Financial Statements    

      Management's Discussion and Analysis of Results of
      Operations and Financial Condition


Part II.  Other Information                                 


Part I.  Financial Information

Item 1.  Financial Statements

Owens & Minor, Inc. and Subsidiaries
Consolidated Balance Sheets

(In thousands, except per share data) 
<TABLE>
<S>                                        <C>             <C>
                                              June 30,       December 31,
                                                 1995            1994
Assets
Current assets
  Cash and cash equivalents                 $       253     $       513
  Accounts and notes receivable, net            300,862         290,240
  Merchandise inventories                       341,030         323,851
  Other current assets                           28,846          26,222
     Total current assets                       670,991         640,826
Property and equipment, net                      39,260          38,620
Excess of purchase price over net
  assets acquired, net                          173,870         175,956
Other assets                                     19,040          13,158
     Total assets                           $   903,161     $   868,560

Liabilities and Shareholders' Equity
Current liabilities
  Current maturities of long-term debt      $     3,560     $       236
  Accounts payable                              226,308         296,878
  Accrued payroll and related liabilities         7,181          11,294
  Other accrued liabilities                      36,480          50,630
     Total current liabilities                  273,529         359,038

Long-term debt                                  365,655         248,427
Other liabilities                                 6,089           4,919
     Total liabilities                          645,273         612,384

Shareholders' equity
  Preferred stock, par value $100 per share;
    authorized - 10,000 shares
       Series A;  Participating Cumulative
          Preferred Stock; none issued              -               -  
       Series B;  Cumulative Preferred
          Stock; 4 1/2%, convertible; 
          issued - 1,150 shares                 115,000         115,000
  Common stock, par value $2 per share;
     authorized - 200,000 shares; issued -
     30,834 shares in 1995 and 30,764 in 1994    61,668          61,528
  Paid-in capital                                 1,840           1,207
  Retained earnings                              79,380          78,441
     Total shareholders' equity                 257,888         256,176
     Total liabilities and shareholders'
       equity                               $   903,161     $   868,560

</TABLE>
See Notes to Consolidated Financial Statements.


Owens & Minor, Inc. and Subsidiaries
 Consolidated Statements of Income


(In thousands, except per share data)
<TABLE>
<S>                               <C>         <C>        <C>          <C>
                                    Three Months Ended     Six Months Ended
                                    June 30,                June 30,
                                   1995        1994       1995         1994

Net sales                          $ 743,718   $581,763   $1,490,813   $972,557
Cost of sales                        673,217    524,954    1,347,404    876,622

Gross margin                          70,501     56,809      143,409     95,935

Selling, general and administrative   54,074     40,752      107,635     69,125
Depreciation and amortization          3,713      3,297        7,229      5,599
Interest expense, net                  5,730      2,220       11,121      2,988
Nonrecurring restructuring expenses    4,114     18,617        6,775     18,617

Total expenses                        67,631     64,886      132,760     96,329

Income (loss) before income taxes      2,870     (8,077)      10,649       (394)
Income tax provision (benefit)         1,182     (2,952)       4,348        (25)

Net income (loss)                      1,688     (5,125)       6,301       (369)
Dividends on preferred stock           1,294        727        2,588        727

Net income (loss) attributable to c$     394   $ (5,852)    $  3,713   $ (1,096)



Net income (loss) per common share $    0.01   $  (0.19)   $     0.12   $ (0.04)


Cash dividends per common share    $   0.045   $  0.045    $    0.090   $ 0.080


Weighted average common shares
  and common share equivalents        31,077     30,948        31,082    31,040


</TABLE>

See Notes to Consolidated Financial Statements.




Owens & Minor, Inc. and Subsidiaries
Consolidated Statements of Cash Flows


                                             Six Months Ended
(In thousands)                               June 30,
<TABLE>
<S>                                         <C>             <C> 
                                                  1995            1994

Operating Activities
Net income (loss)                            $      6,301    $       (369)
Noncash charges to income (loss)
  Depreciation and amortization                     7,229           5,599
  Provision for losses on accounts and 
      notes receivable                                222             379
  Provision for LIFO reserve                        1,662             858
  Other, net                                        1,124             409
Cash provided by net income (loss) and noncash     16,538           6,876

Change in operating assets and liabilities
  Accounts and notes receivable                   (10,844)        (95,091)
  Merchandise inventories                         (18,841)        (56,669)
  Accounts payable                                (92,805)         29,548
  Net change in other current assets 
      and current liabilities                     (19,566)          8,562
  Other, net                                       (3,019)            (41)
Cash used for operating activities               (128,537)       (106,815)

Investing Activities
Business acquisitions, net of cash acquired            -          (38,622)
Additions to property and equipment                (5,359)         (1,376)
Other, net                                         (3,543)           (199)
Cash used for investing activities                 (8,902)        (40,197)
 
Financing Activities
Additions to long-term debt                       120,166         215,550
Reductions of long-term debt                         (119)        (72,422)
Other short-term financing, net                    22,235           5,580
Cash dividends paid                                (5,362)         (2,450)
Exercise of options                                   259             644
Cash provided by financing activities             137,179         146,902

Net decrease in cash and cash equivalents            (260)           (110)

Cash and cash equivalents at beginning of year        513           2,048
Cash and cash equivalents at end of period   $        253    $      1,938

</TABLE>


See Notes to Consolidated Financial Statements.





            Owens & Minor, Inc. and Subsidiaries
         Notes to Consolidated Financial Statements


1.   Accounting Policies

     In the opinion of management, the accompanying
     unaudited consolidated financial statements contain all
     adjustments (which are comprised only of normal
     recurring accruals and the use of estimates) necessary
     to present fairly the consolidated financial position
     of Owens & Minor, Inc. and subsidiaries (the Company)
     as of June 30, 1995 and the results of operations for
     the three and six month periods and cash flows for the
     six month periods ended June 30, 1995 and 1994.

2.   Interim Results of Operations

     The results of operations for interim periods are not
     necessarily indicative of the results to be expected
     for the full year.

3.   Interim Gross Margin Reporting

     In general, the Company uses estimated gross margin
     rates to determine the cost of sales during interim
     periods.  To improve the accuracy of its estimated
     gross margins for interim reporting purposes, the
     Company takes physical inventories at selected
     distribution centers, and reported results of
     operations for the quarter reflect the results of such
     inventories, if materially different.  Management will
     continue a program of interim physical inventories at
     selected distribution centers to the extent it deems
     appropriate to ensure the accuracy of interim reporting
     and to minimize year-end adjustments.

4.   Nonrecurring Restructuring Expenses

     During the second quarter and the first six months of
     1995, the Company incurred $4.1 million and $6.8
     million, respectively, of nonrecurring restructuring
     expenses.  During the second quarter and the first six
     months of 1994, the Company incurred $18.6 million of
     nonrecurring restructuring expenses.  These expenses
     were related to the Company's restructuring plan
     developed in connection with the Company's May 1994
     combination with Stuart Medical, Inc. and its
     related decision to contract out the management and
     operation of its mainframe computer system.  All
     facility and system consolidations are expected to be
     completed during 1995 with total 1995 restructuring
     expenses approximating $14.0 million.  At June 30,
     1995, accrued restructuring expenses were $1.0 million.

Item 2.
Owens & Minor, Inc. and Subsidiaries
Management's Discussion and Analysis of 
Results of Operations and Financial Condition

Net Sales

During the second quarter of 1995, net sales increased 27.8%
to $743.7 million from $581.8 million in the second quarter
of 1994. For the first six months of 1995, net sales
increased 53.3% to $1.5 billion from $972.6 million in the
first six months of 1994.  Assuming the Stuart Medical, Inc.
(Stuart) combination had occurred January 1, 1994, the
increase would have been approximately 10.4% for the second
quarter and 13.4% for the first six months.  This "same
store" sales increase for the second quarter and the first
six months is due primarily to new contracts with large
healthcare providers including Columbia/HCA Healthcare Corp.,
Premier Health Alliance and the Department of Defense; a new
distribution agreement with VHA, the Company's largest
contract; increased volume with other large healthcare
providers; and the continued product line expansion by the
Company.   

During 1995, members of VHA were given the opportunity to
choose one of four medical/surgical supply distributors as
their authorized distribution agent (ADA).  In addition to
Owens & Minor, the distribution choices were Shared Service
Systems of Nebraska, the Burrows Company and newly-added
Baxter distribution.  Under terms of an agreement reached
between VHA and Baxter manufacturing, all ADAs are authorized
to distribute a select group of Baxter self-manufactured
products to VHA healthcare organizations.  With the
completion of the selection process, the Company anticipates
maintaining approximately 85% of its previous VHA volume, and
the Company anticipates that the loss of volume will be
offset by the gain in distributing Baxter's self-manufactured
products to VHA hospitals and by increasing market share
within VHA facilities as a result of the expanded volume
commitment of non-traditional products by these accounts. 
Non-traditional products, in this case, are products that
have historically been sold directly to hospitals by
manufacturers, but are now beginning to come through
distribution, or products that have been sold through other
channels of distribution that are being consolidated through
one distributor.  With VHA's expanded membership of
healthcare providers and their increased potential, which
includes for the first time a select group of Baxter's self-
manufactured products, the Company expects to service
approximately two-thirds of VHA's total medical/surgical
volume.   

Gross Margin

Gross margin as a percentage of net sales declined to 9.5% in
the second quarter of 1995 from 9.8% in the second quarter of
1994.  Gross margin also declined to 9.6% for the first six
months in 1995 from 9.9% in the first six months of 1994. 
The decrease was a result of the increase in sales from large
lower margin contracts.  As the healthcare industry
consolidates, gross margin as a percent of net sales
continues to be under pressure.  However, the Company expects
to continue to be able to offset decreases in gross margin
percentages with an increase in sales volume, producing an
increase in gross margin dollars.  This increase in gross
margin dollars was 24.1% for the second quarter of 1995 and
49.5% for the first six months of 1995.     

Selling, General and Administrative Expenses

Selling, general and administrative (SG&A) expenses as a
percentage of net sales increased from 7.0%  in the second
quarter of 1994 to 7.3% in the second quarter of 1995.  SG&A
expenses also increased from 7.1% for the first six months of
1994 to 7.2% in the first six months of 1995.  This increase
is primarily due to incremental costs associated with the VHA
sign-up period, facility relocations, upgrading of existing
facilities (including computer enhancements) and the handling
of additional inventory.  The additional inventory has been
obtained to ensure product availability to customers during
the distribution center combination process and the start-up
of new contracts.
    
Depreciation and Amortization

Depreciation and amortization increased by 12.6% in the
second quarter of 1995 compared to the second quarter of 1994
and 29.1% for the first six months of 1995 compared to the
first six months of 1994.  This increase is due primarily to
the goodwill amortization and depreciation expenses related
to the Stuart combination and the depreciation of the
Company's continued investment in new and improved
technology. 

Interest Expense, Net

Interest expense, net of interest income, increased from $2.2
million in the second quarter of 1994 to $5.7 million in the
second quarter of 1995 and from $3.0 million for the first
six months of 1994 to $11.1 million in the first six months
of 1995.  The increase was the result of increased borrowings
to finance the Stuart combination, the unfavorable trend in
interest rates and to finance its technology initiatives and
inventory  increases.

Nonrecurring Restructuring Expenses

During the second quarter of 1995 and the first six months of
1995, the Company incurred $4.1 million and $6.8 million,
respectively, of nonrecurring restructuring expenses related
to the Company's restructuring plan developed in connection
with the Company's May 1994 combination with Stuart and its
related decision to contract out the management and operation
of its mainframe computer system.  The restructuring expenses
incurred during the second quarter of 1995 relate primarily
to duplicate facilities and duplicate systems costs.  All
consolidations are expected to be completed during 1995, with
total 1995 restructuring expenses approximating $14.0
million.  

Net Income (Loss)

During the second quarter of 1995, the Company recorded net
income of $.4 million compared to a net loss of $5.9 million
in 1994.  During the first six months of 1995, the Company
recorded net income of $3.7 million compared to a net loss of
$1.1 million in 1994.  The increase is due to the lower
restructuring charges recorded during the second quarter of
1995 as previously discussed.  Without these nonrecurring
expenses and the related tax benefit, the Company earned
approximately $4.2 million or $.09 per common share for the
second quarter and $10.4 million or $.25 per common share for
the first six months.      

Financial Condition

With the decrease in gross margin percentages and increases
in SG&A and interest expense percentages as discussed, 
return on common equity decreased.  In 1995, the Company
increased its long-term debt to finance its technology
initiatives and inventory increases.  As a result, the
current ratio and capitalization ratio have increased and
inventory turnover has decreased.  Debt is expected to
decline as inventory levels are reduced with the completion
of the consolidation of distribution centers.  

<TABLE>
<S>                      <C>           <C>               <C>
                         Six Months     Twelve Months    Six Months
                         June 30, 1995  December 31,1994 June 30, 1994 

Return on Common Equity*       14.4%       16.2%          15.6%
Current Ratio                   2.5         1.8            2.0
Inventory Turnover              8.3          8.8           8.5
Accounts Receivable
        Days Sales              33.8        35.9           35.3

Capitalization Ratio           58.7%        49.2%          49.6%
                                                   
</TABLE>

* Excludes impact of nonrecurring restructuring expenses and
related tax benefit.

Part II.  Other Information

Item 4.   Submission of Matters to a Vote of Shareholders

     The following matters were submitted to a vote of the
Company's shareholders at its annual meeting held on May 2,
1995 with the voting results designated below each such
matter:

(1)  Election of James B. Farinholt, Jr, E. Morgan Massey
     and Anne Marie Whittemore as directors of the Company
     for a three-year term.
<TABLE>
<S> 
<C>                   <C>         <C>            <C>        <C>
                                  Votes Against              Broker  
Directors              Votes For  or Withheld    Abstentions Non-Votes
James B. Farinholt     34,559,162    511,258       0         0
E. Morgan Massey       34,554,549    515,871       0         0
Anne Marie Whittemore  34,570,605    499,815       0         0
</TABLE>

(2)  Ratification of the appointment of KPMG Peat Marwick
     LLP as the Company's independent accountants.
<TABLE>
<S>                <C>             <C>            <C>     
                   Votes Against                   Broker  
      Votes For    or Withheld      Abstentions   Non-Votes
     34,614,870      35,207         420,343         0


Item 6.   Exhibits and Reports on Form 8-K

     (a)   Exhibits

        4. Amended and Restated Rights Agreement Dated as
           of May 10, 1994 between Owens & Minor, Inc. and
           Wachovia Bank of North Carolina, N.A., Rights
           Agent.
        
     (b)   Reports on Form 8-K

        The Company filed a Current Report on Form 8-K
        dated June 16, 1995, Items 5 and 7, with respect
        to the issuance of a press release relating to
        preliminary second quarter earnings. 


                         SIGNATURES

     Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.


                             OWENS & MINOR, INC.  
                             (Registrant)


Date  August 10, 1995        /s/ Glenn J. Dozier        
                             Glenn J. Dozier
                             Senior Vice President, Finance,
                             Chief Financial Officer




</TABLE>
