Loading...
•
Dec 31, 2023
McKesson Q3 2024 Earnings Report
McKesson delivered solid results, driven by growth in North American businesses and commitment to company priorities and growth strategies. The company raised full year guidance.
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
Revenue by Segment
U.S. Pharmaceutical Revenue
CapyFin.comPrescription Technology Solutions Revenue
CapyFin.comMedical-Surgical Solutions Revenue
CapyFin.comInternational Revenue
CapyFin.com 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