AmerisourceBergen Boosts FY22 Profit Outlook As Q3 Beat Expectations

  • AmerisourceBergen Corp's ABC Q3 FY22 adjusted EPS reached $2.62, up 21.3% Y/Y, beating the consensus of $2.57.
  • Revenue of $60.1 billion increased by 12.5% Y/Y, beating the analyst consensus of $59.03 billion, reflecting a 120.3% increase in revenue within International Healthcare Solutions, primarily driven by the June 2021 acquisition of Alliance Healthcare and a 6% increase in U.S. Healthcare Solutions revenue.
  • Also Read: Federal Judge Says McKesson, AmerisourceBergen, Cardinal Health Not Responsible For Opioid Epidemic: Report.
  • Adjusted gross profit was $2.1 billion, up 27% Y/Y, with the margin expanding 39 basis points to 3.44%.
  • Adjusted operating income increased 19.9% to $756.2 million, and the margin improved 8 basis points to 1.26%.
  • FY22 Guidance: AmerisourceBergen raised adjusted EPS guidance to $10.90 - $11.10, from the previous outlook of $10.80 - $11.05, compared to the consensus of $10.93.
  • U.S. Healthcare Solutions' operating income to be $2.44 - $2.48 billion, raising the lower end of the previous range of $2.42 - $2.48 billion.
  • Price Action: ABC shares are down 2.63% at $139.06 during the market session on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsLarge CapNewsGuidanceHealth CareMoversTrading IdeasGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!