other material
confidence high
sentiment neutral
materiality 0.70
Cencora raises FY2024 adjusted EPS guidance to $13.60-$13.70; extends Evernorth supply deal through 2029
Cencora, Inc.
- Adjusted diluted EPS for FY2024 raised to $13.60-$13.70 from prior $13.55-$13.65.
- FY2025 adjusted operating income and EPS growth expected at bottom of long-term targets (5-8% and 8-12%).
- FY2025 headwinds include COVID products and potential June 2025 loss of an oncology customer after its pending acquisition.
- Extended pharmaceutical supply agreement with Evernorth Health Services for three additional years through September 2029.