McKesson Q2 revenue $77.2B (+10%), adj EPS $6.23; raises FY24 guidance; CLO succession

MCKESSON CORP

2024-Q2 EPS reported $11.95 revenue$151,698,000,000

Total revenues $77.2B, up 10% YoY; income from continuing ops $664M (-29%).
Adjusted EPS $6.23, up 3% from $6.06; GAAP EPS $4.92, down from $6.46.
FY24 adjusted EPS guidance raised to $26.80-$27.40 from $26.55-$27.35.
Chief Legal Officer Lori Schechter retiring; Michele Lau expected as new CLO.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Lori A. Schechter

Chief Legal Officer

MCK · MCKESSON CORP

Filed: November 1, 2023, 7:59 PM ET

On October 27, 2023, Lori A. Schechter, the Company’s Chief Legal Officer, gave notice of her intention to retire from that role as further described in Exhibit 99.1 under the heading Executive Leadership Transition.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MCKESSON CORP reported the quarter ended on September 30, 2023 results: revenue $77,215, EPS 4.92. Guidance raised.

Period: the quarter ended on September 30, 2023
Revenue: $77,215
EPS: 4.92
Guidance: raised
Result: preliminary results

Exact text from the filing

September 30, 2023. Fiscal 2024 Second Quarter Result Summary Second Quarter Year-to-Date ($ in millions, except per share amounts) FY24 FY23 Change FY24 FY23 Change Revenues $ 77,215 $ 70,157 10 % $ 151,698 $ 137,311 10 % Income from Continuing Operations 2 664 932 (29) 1,622 1,698 (4) Adjusted Earnings 2,3 841 874 (4) 1,834 1,725 6 Earnings per Diluted Share

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lori A. Schechter retired as Chief Legal Officer at MCKESSON CORP.

Action: retired
Role: Chief Legal Officer

Exact text from the filing

On October 27, 2023, Lori A. Schechter, the Company’s Chief Legal Officer, gave notice of her intention to retire from that role as further described in Exhibit 99.1 under the heading Executive Leadership Transition.

View on SEC.gov

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Source: SEC EDGAR

accession 0000927653-23-000081

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