Summary
AmerisourceBergen Corporation (now Cencora, Inc.) filed an 8-K on January 26, 2012, to report its earnings for the fiscal quarter ended December 31, 2011, and to provide updated financial guidance for fiscal year 2012. The report includes a press release detailing these financial results and outlook. Key takeaways for investors include the reaffirmation of the company's fiscal year 2012 diluted earnings per share (EPS) guidance, projected to be between $2.74 and $2.84. This guidance is underpinned by expected flat to modest revenue growth, operating margin expansion in the high single-digit to low-double digit basis points, and a strong free cash flow generation of $700 million to $800 million. The company also indicated its intention to repurchase approximately $400 million of its common shares, subject to market conditions, signaling a commitment to returning value to shareholders.
Key Highlights
- 1AmerisourceBergen announced its financial results for the fiscal quarter ended December 31, 2011.
- 2The company reaffirmed its fiscal year 2012 diluted earnings per share (EPS) guidance in the range of $2.74 to $2.84.
- 3Key assumptions for the 2012 outlook include flat to modest revenue growth.
- 4Operating margin is expected to grow in the high single-digit to low-double digit basis points range for fiscal year 2012.
- 5The company anticipates strong free cash flow generation between $700 million and $800 million for fiscal year 2012.
- 6Capital expenditures are projected to be around $150 million for fiscal year 2012.
- 7AmerisourceBergen plans to repurchase approximately $400 million of its common shares in fiscal year 2012, subject to market conditions.