Earnings release
Page 1
AmerisourceBergen AmerisourceBergen Reports Fiscal 2021 Second Quarter Results 5/5/2021 Revenues of $ 49.2 billion for the Second Quarter , a 3.7 Percent Increase Year - Over - Year Second Quarter GAAP Diluted EPS of $ 2.10 and Adjusted Diluted EPS of $ 2.53 Adjusted Diluted EPS Guidance Range Raised to $ 8.45 to $ 8.60 for Fiscal 2021 CONSHOHOCKEN , Pa .-- ( BUSINESS WIRE ) -- Amerisource Bergen Corporation ( NYSE : ABC ) today reported that in its fiscal year 2021 second quarter ended March 31 , 2021 , revenue increased 3.7 percent year - over - year to $ 49.2 billion . On the basis of U.S. generally accepted accounting principles ( GAAP ) , diluted earnings per share ( EPS ) was $ 2.10 for the March quarter of fiscal 2021 , compared to $ 4.64 in the prior year quarter . Adjusted diluted EPS , which is a non - GAAP measure that excludes items described below , increased 5.4 percent to $ 2.53 in the fiscal second quarter . Amerisource Bergen is updating its outlook for fiscal year 2021. The Company does not provide forward - looking guidance on a GAAP basis , as discussed below in Fiscal Year 2021 Expectations . Adjusted diluted EPS guidance has been raised from the previous expectation of $ 8.40 to $ 8.60 to a range of $ 8.45 to $ 8.60 , reflecting growth of 7 percent to 9 percent versus the previous fiscal year . " Amerisource Bergen continues to prove our vital role as a key pillar in the healthcare system . Our solid performance in the March quarter was fueled by our associates who continue to work diligently to provide innovative solutions for our partners to ultimately serve their patients , " said Steven H. Collis , Chairman , President and Chief Executive Officer of Amerisource Bergen . " Driven by our purpose of being united in our responsibility to create healthier futures , we are strengthening our portfolio of solutions for customers , expanding on our leadership in specialty , focusing on execution and leveraging our capabilities and expertise to support pharmaceutical innovation , " Mr. Collis continued . " Amerisource Bergen is well - positioned to deliver long - term , sustainable growth , supported by our diverse and inclusive teams and our investments in our people and culture . " Second Quarter Fiscal Year 2021 Summary Results Revenue Gross Profit Operating Expenses Operating Income Interest Expense , Net Effective Tax Rate GAAP Diluted Earnings Per Share Adjusted ( Non - GAAP ) $ 49.2B $ 49.2B $ 1.5B $ 1.5B $ 909M $ 806M $ 624M $ 707M $ 35M $ 35M 23.4 % 21.9 % Net Income Attributable to ABC $ 435M $ 524M $ 2.10 $ 2.53 1