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Mar 31, 2020
Cencora Q2 2020 Earnings Report
AmerisourceBergen reported strong revenue and adjusted diluted EPS growth.
Key Takeaways
AmerisourceBergen reported a 9.5% increase in revenue to $47.4 billion for the second quarter of fiscal year 2020. GAAP diluted EPS was $4.64, while adjusted diluted EPS increased by 13.7% to $2.40. The company has revised its adjusted diluted EPS guidance for fiscal year 2020 to $7.35 to $7.65.
Revenue increased by 9.5% year-over-year to $47.4 billion.
GAAP diluted EPS was $4.64, compared to $0.13 in the prior year quarter.
Adjusted diluted EPS increased by 13.7% to $2.40.
Adjusted diluted EPS guidance for fiscal year 2020 revised to a range of $7.35 to $7.65.
Forward Guidance
AmerisourceBergen has updated its fiscal year 2020 financial guidance to reflect the Company’s continued strong performance and opportunistic share repurchases in the second quarter and incorporate potential impacts of COVID-19 in the second half of the fiscal year.
Positive Outlook
- Revenue growth in the low- to mid-single digit percent range
- Adjusted Diluted EPS to be in the range of $7.35 to $7.65
- Adjusted operating expenses to increase in the low-single digit percent range
- Adjusted operating income growth in the low- to mid-single digit percent range
- Weighted average diluted shares are now expected to be between 206 million to 207 million
Challenges Ahead
- Revenue growth down from the mid- to high- single digit percent range
- Adjusted Diluted EPS down from the previous range of $7.55 to $7.80
- Adjusted operating expenses down from the mid-single digit percent range
Historical Earnings Impact
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Avg. Return Before/After Earnings
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