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Thursday, November 7, 2019

AmerisourceBergen top line up 5%, earnings off 32%

AmerisourceBergen (NYSE:ABCfiscal Q4 results:
Revenue: $45,637.8M (+5.4%); Pharmaceutical Distribution Services: $43,865.4M (+5.1%).
Net income: $132.3M (-31.8%); non-GAAP net income: $338.2M (+7.3%); EPS: $0.63 (-41.1%); non-GAAP EPS: $1.61 (+11.0%).
Cash flow ops (FY): $2,344.0M (+66.1%).
Fiscal 2020 guidance: Revenue growth: Mid-to-high single digit; non-GAAP operating income growth: low-to-mid-single digit; non-GAAP free cash flow: ~$1.5B.

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