McKesson Q3 2024 Earnings Report
Key Takeaways
McKesson Corporation reported a 15% increase in third quarter revenues to $80.9 billion. Earnings per diluted share decreased to $4.42, while adjusted earnings per diluted share increased by 12% to $7.74. The company raised its full year adjusted earnings per diluted share guidance to $27.25 to $27.65.
Consolidated revenues increased by 15% to $80.9 billion.
Earnings per diluted share decreased by $3.23 to $4.42.
Adjusted Earnings per Diluted Share increased 12% to $7.74.
Full year Adjusted Earnings per Diluted Share guidance range raised to $27.25 to $27.65.
McKesson
McKesson
McKesson Revenue by Segment
Forward Guidance
McKesson is raising fiscal 2024 Adjusted Earnings per Diluted Share guidance to $27.25 to $27.65 from the previous range of $26.80 to $27.40 to reflect solid operating performance, which reflects a growth rate of 5% to 7%.
Positive Outlook
- Solid operating performance
- Growth rate of 5% to 7% is expected
- Adjusted Earnings per Diluted Share guidance raised
- Reflects dedication to company priorities
- Reflects dedication to growth strategies
Challenges Ahead
- Includes approximately ($0.15) related to year-to-date losses associated with McKesson Ventures' equity investments.
- McKesson cannot reasonably forecast LIFO inventory-related adjustments
- McKesson cannot reasonably forecast certain litigation loss and gain contingencies
- McKesson cannot reasonably forecast restructuring, impairment and related charges
- McKesson cannot reasonably forecast other adjustments, which are difficult to predict and estimate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income