Summary
Cencora, Inc. (formerly AmerisourceBergen Corporation) filed an 8-K on December 16, 2010, to announce details about its annual Investor Day Meeting. The primary focus for investors is the company's reaffirmation of its fiscal year 2011 earnings guidance. Cencora reiterated its expectation for diluted earnings per share to be in the range of $2.31 to $2.41.
Key Highlights
- 1Cencora reaffirmed its fiscal year 2011 diluted earnings per share guidance of $2.31 to $2.41.
- 2The company expects revenue growth of 2% to 4% for fiscal year 2011.
- 3Operating margin growth is projected in the low to mid single-digit basis points range for fiscal year 2011.
- 4Free cash flow for fiscal year 2011 is anticipated to be between $625 million and $700 million.
- 5Capital expenditures are expected to be around $150 million in fiscal year 2011.
- 6Cencora plans to repurchase approximately $400 million of its common shares in fiscal year 2011, subject to market conditions.
- 7The Investor Day Meeting was scheduled for December 16, 2010, in New York City.
Frequently Asked Questions
This 8-K filing primarily serves to announce that Cencora (then AmerisourceBergen Corporation) would reaffirm its fiscal year 2011 financial guidance at its Investor Day Meeting.
Cencora reaffirmed its guidance for diluted earnings per share to be in the range of $2.31 to $2.41 for fiscal year 2011.
Yes, Cencora expects to spend approximately $400 million to repurchase its common shares in fiscal year 2011, contingent on market conditions.
The key assumptions include revenue growth of 2% to 4%, operating margin growth in the low to mid single-digit basis points, and free cash flow of $625 million to $700 million.