8-KEarnings & ResultsRegulation FDExhibits & Filings

Cencora, Inc. 8-K Report, Financial Results (Jan 28, 2015)

Filed January 28, 2015For Securities:COR

Summary

This Form 8-K filing by AmerisourceBergen Corporation (now Cencora, Inc.) on January 28, 2015, primarily announces their financial results for the fiscal quarter ended December 31, 2014, and provides updated guidance for fiscal year 2015. Investors should note the company's upward revision to its adjusted diluted earnings per share (EPS) forecast for FY2015, now expecting a range of $4.45 to $4.55, representing a 12-15% increase over FY2014. This revised outlook reflects confidence in continued revenue and adjusted operating income growth.

Key Highlights

  • 1AmerisourceBergen Corporation announced its financial results for the fiscal quarter ended December 31, 2014.
  • 2The company revised its fiscal year 2015 adjusted diluted EPS guidance upwards to a range of $4.45 to $4.55, indicating 12-15% growth over FY2014.
  • 3FY2015 revenue growth is expected to be between 10% and 11%.
  • 4Adjusted operating income growth for FY2015 is anticipated to remain in the 9% to 11% range, with adjusted operating margin expected to be flat.
  • 5The company reaffirms its expectation to generate free cash flow between $1.8 billion and $2.0 billion in FY2015.
  • 6Approximately $600 million is expected to be spent on share repurchases in FY2015, subject to market conditions.
  • 7The acquisition of MWI is projected to contribute an incremental $0.08 to adjusted diluted EPS in the second half of FY2015.

Frequently Asked Questions

The company has increased its projected adjusted diluted earnings per share (EPS) for fiscal year 2015 to a range of $4.45 to $4.55, which represents a 12% to 15% increase over fiscal year 2014. This revised guidance suggests stronger performance than previously anticipated.

The acquisition of MWI is expected to contribute positively to the company's earnings, adding an incremental $0.08 to adjusted diluted EPS in the second half of fiscal year 2015.

AmerisourceBergen expects revenue growth rates to be in the range of 10% to 11% for fiscal year 2015. Adjusted operating income growth is expected to continue in the 9% to 11% range, with adjusted operating margins anticipated to remain flat.

Yes, the company expects to generate substantial free cash flow, ranging from $1.8 billion to $2.0 billion. They plan to spend approximately $600 million on share repurchases during fiscal year 2015, depending on market conditions.