8-KEarnings & ResultsOther EventsExhibits & Filings

Cencora, Inc. 8-K Report, Financial Results (Apr 28, 2011)

Filed April 28, 2011For Securities:COR

Summary

Cencora, Inc. (formerly AmerisourceBergen Corporation) filed an 8-K on April 28, 2011, primarily to report on its financial performance for the fiscal quarter ended March 31, 2011, and to update its fiscal year 2011 guidance. The company announced an increase in its full-year diluted earnings per share (EPS) expectations to a range of $2.41 to $2.49. This upward revision reflects confidence in the company's operational performance and outlook. Key drivers for the increased guidance include projected revenue growth of 2% to 4% and operating margin expansion in the mid to high single-digit basis points. Furthermore, the company anticipates strong free cash flow generation, expected to be at the high end of its $625 million to $700 million range. Cencora also signaled an increased commitment to returning capital to shareholders by raising its expected common stock repurchases for fiscal year 2011 to approximately $598 million, subject to market conditions.

Key Highlights

  • 1Increased fiscal year 2011 diluted EPS guidance to $2.41 - $2.49.
  • 2Projected revenue growth for fiscal year 2011 is expected to be between 2% and 4%.
  • 3Anticipated operating margin expansion in the mid to high single-digit basis points range for fiscal year 2011.
  • 4Free cash flow expectations for fiscal year 2011 revised to the high end of the $625 million - $700 million range.
  • 5Capital expenditures for fiscal year 2011 are expected to be around $175 million.
  • 6Increased expected common stock repurchases for fiscal year 2011 to approximately $598 million.
  • 7The report includes a furnished news release detailing Q1 2011 earnings and updated guidance.

Frequently Asked Questions

This 8-K filing is primarily to announce Cencora, Inc.'s (then AmerisourceBergen Corporation) earnings for the fiscal quarter ended March 31, 2011, and to provide an updated forecast for the full fiscal year 2011.

Yes, Cencora has increased its expectations for fiscal year 2011 diluted earnings per share (EPS) to a range of $2.41 to $2.49.

The improved outlook is supported by projected revenue growth of 2% to 4%, anticipated operating margin expansion in the mid to high single-digit basis points, and strong free cash flow generation expected at the high end of the previously stated range.

Yes, Cencora announced an increase in its expected common stock repurchases for fiscal year 2011 to approximately $598 million, subject to market conditions.