Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Vandana Singh

AmerisourceBergen Q1 Earnings Beats By A Whisker

AmerisourceBergen Corp's (NYSE:ABCQ1 FY22 adjusted EPS reached $2.58, up 18.3% Y/Y, marginally beating the consensus of $2.57.

  • Revenue of $59.6 billion increased by 13.5% Y/Y, beating the analyst consensus of $59.45 billion.
  • The growth reflects a 604.2% increase in revenue within International Healthcare Solutions, primarily driven by the June 2021 acquisition of Alliance Healthcare and a 2.7% increase in U.S. Healthcare Solutions revenue.
  • Adjusted gross profit was $2.0 billion, up 41.3% Y/Y, with the margin expanding 66 basis points to 3.38%.
  • Adjusted operating income increased 21.4% to $749.1 million, and the margin improved 9 basis points to 1.26%.
  • Related: McKesson, Cardinal Health, AmerisourceBergen Face $95B Opioid Trial In Washington: Reuters.
  • The company's quarterly cash dividend of $0.46 per share is payable on February 28, 2022, to stockholders of record on February 14, 2022.
  • FY22 Guidance: AmerisourceBergen raised adjusted EPS guidance to $10.60 - $10.90, from the previous outlook of $10.50 - $10.80, compared to the consensus of $10.69.
  • The company expects adjusted operating income growth in the high-teens percent range, up from the prior view of the mid-to high-teens percent range.
  • U.S. Healthcare Solutions' operating income to be $2.375 billion - $2.45 billion, representing growth of 5% - 9%, up from the prior view of $2.325 billion - $2.4 billion.
  • Price Action: ABC shares closed 1.07% higher at $137.66 on Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.