8-KEarnings & ResultsOther EventsExhibits & Filings

Cencora, Inc. 8-K Report, Financial Results (Apr 23, 2009)

Filed April 23, 2009For Securities:COR

Summary

AmerisourceBergen Corporation (now Cencora, Inc.) filed an 8-K on April 23, 2009, to announce its financial results for the fiscal quarter ended March 31, 2009, and to update its full-year fiscal 2009 guidance. The company reported earnings and announced its corresponding conference call. Key for investors, the company raised and narrowed its fiscal year 2009 diluted earnings per share (EPS) outlook to a range of $3.18 to $3.30. This upward revision was attributed primarily to a lower share count outstanding and reduced interest expenses. Importantly, the company maintained its core assumptions for the full year, including revenue growth projections, operating margin expansion targets, and free cash flow expectations, alongside a continued commitment to share repurchases.

Key Highlights

  • 1AmerisourceBergen (COR) filed an 8-K on April 23, 2009, reporting Q1 2009 earnings.
  • 2The company raised and narrowed its fiscal year 2009 diluted EPS guidance to $3.18 - $3.30.
  • 3The EPS guidance increase is primarily driven by a lower number of shares outstanding and reduced interest expense.
  • 4Key assumptions supporting the FY 2009 outlook remain unchanged.
  • 5Projected revenue growth for FY 2009 is between 1% and 3%.
  • 6Operating margin expansion is expected in the low to mid single-digit basis point range for FY 2009.
  • 7Free cash flow for FY 2009 is projected to be between $460 million and $535 million, including ~$140 million in capital expenditures.
  • 8The company reaffirms its plan to repurchase approximately $350 million of common shares in FY 2009.

Frequently Asked Questions

The increase in the full-year diluted earnings per share (EPS) guidance for fiscal year 2009 is primarily attributed to a lower number of shares outstanding and the impact of reduced interest expense.

No, the company stated that the key assumptions supporting the fiscal year 2009 diluted earnings per share range remain unchanged. These include revenue growth between 1% and 3%, operating margin expansion in the low to mid single-digit basis point range, and free cash flow expectations.

Yes, the company reiterated its commitment to repurchasing approximately $350 million of its common shares during fiscal year 2009.

The 8-K filing refers to a news release (Exhibit 99.1) that announces the earnings for the fiscal quarter ended March 31, 2009. While the specific quarterly results are not detailed in the 8-K text itself, the filing indicates they were publicly disclosed via the news release and a conference call.