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Sep 30, 2020
Cencora Q4 2020 Earnings Report
AmerisourceBergen reported fourth quarter earnings with a revenue increase of 7.9% year-over-year and an adjusted diluted EPS increase of 17.4%.
Key Takeaways
AmerisourceBergen Corporation reported a 7.9% increase in revenue to $49.2 billion for the fourth quarter of fiscal year 2020. GAAP diluted EPS was $(23.74), while adjusted diluted EPS increased 17.4% to $1.89. The company recorded a $6.6 billion expense accrual related to opioid lawsuits.
Revenue increased 7.9% to $49.2 billion.
GAAP diluted EPS was $(23.74).
Adjusted diluted EPS increased 17.4% to $1.89.
The company recorded a $6.6 billion expense accrual related to opioid lawsuits.
Cencora
Cencora
Forward Guidance
AmerisourceBergen introduced its fiscal year 2021 financial guidance, expecting revenue growth in the mid-single digit percent range and adjusted diluted earnings per share to be in the range of $8.20 to $8.45.
Positive Outlook
- Revenue growth in the mid-single digit percent range.
- Adjusted diluted earnings per share to be in the range of $8.20 to $8.45.
- Adjusted operating expenses to increase in the mid-single digit percent range.
- Adjusted operating income growth in the mid-single digit percent range.
- Adjusted effective tax rate to be approximately 21 percent to 22 percent.