Summary
This 8-K filing from AmerisourceBergen Corporation (now Cencora, Inc.) on February 4, 2011, primarily serves to furnish its earnings release for the fiscal quarter ended December 31, 2010. While specific quarterly financial figures are not detailed within the 8-K itself but are referenced as being in an attached exhibit, the filing does provide crucial forward-looking guidance for the full fiscal year 2011. Investors should note the reaffirmation of the company's fiscal year 2011 diluted earnings per share (EPS) guidance, set between $2.31 and $2.41. This guidance is supported by projections of revenue growth between 2% and 4%, operating margin expansion in the low to mid single-digit basis points, and robust free cash flow generation expected to be between $625 million and $700 million. Additionally, the company anticipates capital expenditures of approximately $150 million and plans to repurchase roughly $400 million of its common shares, subject to market conditions.
Key Highlights
- 1AmerisourceBergen (now Cencora) reaffirmed its full fiscal year 2011 diluted EPS guidance of $2.31 to $2.41.
- 2Projected revenue growth for fiscal year 2011 is expected to be in the range of 2% to 4%.
- 3The company anticipates operating margin growth in the low to mid single-digit basis points for FY2011.
- 4Free cash flow for fiscal year 2011 is projected to be between $625 million and $700 million.
- 5Capital expenditures for FY2011 are estimated to be in the range of $150 million.
- 6AmerisourceBergen plans to repurchase approximately $400 million of its common shares in fiscal year 2011, contingent on market conditions.