Summary
Cencora, Inc. (formerly AmerisourceBergen Corporation), in an 8-K filing on December 14, 2011, announced its intention to reaffirm its previously issued fiscal year 2012 earnings guidance during its annual Investor Day Meeting. This filing serves to inform investors of the company's ongoing financial outlook and strategic capital allocation plans. The company reiterated its diluted earnings per share (EPS) guidance for fiscal year 2012, projecting a range of $2.74 to $2.84. This guidance is supported by several key financial assumptions, including expectations for flat to modest revenue growth, operating margin expansion in the high single-digit to low double-digit basis points, and robust free cash flow generation of $700 million to $800 million. Additionally, Cencora indicated plans for significant share repurchases, aiming to spend approximately $400 million on common stock buybacks in FY2012, subject to market conditions.
Key Highlights
- 1Cencora (formerly AmerisourceBergen) reaffirmed its FY2012 diluted EPS guidance of $2.74 to $2.84.
- 2Key assumptions supporting FY2012 guidance include flat to modest revenue growth.
- 3The company expects operating margin growth in the high single-digit to low double-digit basis points for FY2012.
- 4Projected free cash flow for FY2012 is in the range of $700 million to $800 million.
- 5Capital expenditures are estimated to be around $150 million for FY2012.
- 6Cencora plans to repurchase approximately $400 million of its common shares in FY2012, contingent on market conditions.
- 7The filing includes a news release and slides presented at the Investor Day Meeting as exhibits.