8-KEarnings & ResultsOther EventsExhibits & Filings

Cencora, Inc. 8-K Report, Financial Results (Nov 3, 2009)

Filed November 3, 2009For Securities:COR

Summary

AmerisourceBergen Corporation (now Cencora, Inc.), in its November 3, 2009 8-K filing, announced its financial results for the fiscal quarter and year ended September 30, 2009. While the specific results for the 2009 period were detailed in the accompanying press release (Exhibit 99.1), the filing's primary focus for investors was on the forward-looking guidance for fiscal year 2010. This guidance provided key metrics and assumptions that will shape the company's performance and strategic direction in the upcoming year, offering insights into expected growth and capital allocation plans.

Key Highlights

  • 1The company released its earnings for the fiscal quarter and year ended September 30, 2009, via a press release furnished as Exhibit 99.1.
  • 2Provided fiscal year 2010 diluted earnings per share (EPS) guidance in the range of $1.82 to $1.92.
  • 3Projects revenue growth between 5% and 7% for fiscal year 2010, with expectations of stronger growth in the first half due to new business additions.
  • 4Anticipates operating margin to remain flat or expand in the low single-digit basis points range for FY2010.
  • 5Forecasts free cash flow between $500 million and $575 million for fiscal year 2010, including capital expenditures around $140 million.
  • 6Announced plans to repurchase approximately $350 million of common shares in fiscal year 2010, subject to board approval and market conditions.

Frequently Asked Questions

AmerisourceBergen (now Cencora, Inc.) provided guidance for fiscal year 2010 diluted earnings per share to be in the range of $1.82 to $1.92.

The company expects revenue growth to be between 5 percent and 7 percent for fiscal year 2010. They also noted that the first half of the year is expected to show higher growth as they annualize the addition of significant new business in March 2010.

AmerisourceBergen anticipates generating free cash flow between $500 million and $575 million in fiscal year 2010. Additionally, they expect to repurchase approximately $350 million of its common shares, contingent upon board approval and prevailing market conditions.

The company projects its operating margin for fiscal year 2010 to be flat or expand in the low single-digit basis points range.