AmerisourceBergen Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Revises Earnings Guidance for the Year 2016
January 31, 2017 at 06:30 am
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AmerisourceBergen Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported revenue of $38,169,265,000 against $36,709,046,000 a year ago. Operating income was $399,987,000 against loss of $178,136,000 a year ago. Income before income taxes was $363,138,000 against loss of $211,567,000 a year ago. Net income was $247,246,000 against $329,639,000 a year ago. Diluted earnings per share was $1.11 against $1.45 a year ago. Adjusted non-GAAP operating income was $486,195,000 against $476,819,000 a year ago. Adjusted non-GAAP income before income taxes was $451,594,000 against $445,571,000 a year ago. Adjusted non-GAAP net income was $302,028,000 against $291,270,000 a year ago. Adjusted non-GAAP diluted earnings per share was $1.36 against $1.27 a year ago. Net cash used in operating activities was $430,355,000 against net cash provided by operating activities $751,614,000 a year ago. Capital expenditures was $137,282,000 against $90,110,000 a year ago. Diluted earnings per share was down 23.4%, driven primarily by the decrease in net income.
The company expects revenues to be in the range of 6.5% to 8% growth over last fiscal year. Adjusted diluted EPS guidance has been raised from the previous expectation of $5.63 to $5.88 to a range of $5.72 to $5.92, reflecting growth of 2% to 5% versus last fiscal year.
Cencora, Inc. specializes in distributing pharmaceutical products. The group supplies generic and name-brand medications, OTC healthcare products, and home care equipment to healthcare providers (hospitals, clinics, pharmacies, physicians, etc.) located in the United States and Canada. The group also offers services to physicians and patients (support and reimbursement assistance services, prescription management services, nursing services, home injection and perfusion services, etc.).
AmerisourceBergen Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Revises Earnings Guidance for the Year 2016