8-KEarnings & ResultsExhibits & Filings

Cencora, Inc. 8-K Report, Financial Results (Jan 24, 2013)

Filed January 24, 2013For Securities:COR

Summary

Cencora, Inc. (formerly AmerisourceBergen Corporation), in its January 24, 2013 8-K filing, announced its financial results for the fiscal quarter ended December 31, 2012, and provided an update on its fiscal year 2013 outlook. The report includes a press release detailing these financial outcomes and forward-looking guidance. Key financial expectations for fiscal year 2013 were reaffirmed, including a diluted earnings per share (EPS) range of $3.06 to $3.16. The company anticipates revenue growth between 6% and 9%, and operating income growth between 3% and 5%. While projecting an operating margin decline of high single to low double-digit basis points, Cencora expects to generate free cash flow between $750 million and $850 million. Furthermore, the company signaled its intention to repurchase approximately $400 million of its common shares, subject to market conditions.

Key Highlights

  • 1AmerisourceBergen Corporation (now Cencora, Inc.) announced its Q1 2013 earnings and provided updated FY2013 guidance.
  • 2Reaffirmed fiscal year 2013 diluted EPS guidance in the range of $3.06 to $3.16.
  • 3Expects fiscal year 2013 revenue growth of 6% to 9%.
  • 4Projected fiscal year 2013 operating income growth of 3% to 5%.
  • 5Anticipates an operating margin decline in the high single to low double-digit basis points for FY2013.
  • 6Forecasted free cash flow for FY2013 between $750 million and $850 million.
  • 7Plans to repurchase approximately $400 million of common shares in FY2013, contingent on market conditions.

Frequently Asked Questions

The primary purpose of this 8-K filing was to announce Cencora, Inc.'s (then AmerisourceBergen Corporation) financial results for the fiscal quarter ended December 31, 2012, and to reaffirm its financial outlook and guidance for the full fiscal year 2013.

Cencora reaffirmed its guidance for fiscal year 2013 diluted earnings per share (EPS) from continuing operations to be in the range of $3.06 to $3.16.

For fiscal year 2013, Cencora expects revenue growth in the range of 6% to 9% and operating income growth between 3% and 5%. However, it anticipates an operating margin decline in the high single to low double-digit basis points range.

Yes, Cencora announced that it expects to spend approximately $400 million to repurchase its common shares in fiscal year 2013, subject to market conditions.