AmerisourceBergen (ABC) Reiterates FY12 Outlook During Annual Investor Day
AmerisourceBergen Corporation (NYSE: ABC) today will reaffirm its previous fiscal year 2012 guidance at its Investor Day Meeting in New York City. The Company is hosting a webcast of the meeting today beginning at 12:30 pm Eastern Standard Time.
The Company continues to expect diluted earnings per share in fiscal year 2012 to be in the range of $2.74 to $2.84, an 8 percent to 12 percent increase over fiscal 2011.
Also unchanged are the assumptions supporting the diluted earnings per share range for fiscal year 2012, including: flat to modest revenue growth; operating margin growth in the high single-digit to low double-digit basis points range; and free cash flow in the range of $700 million to $800 million, which includes capital expenditures in the $150 million range. Subject to market conditions, the Company expects to spend approximately $400 million to repurchase its common shares in fiscal year 2012.
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The Company continues to expect diluted earnings per share in fiscal year 2012 to be in the range of $2.74 to $2.84, an 8 percent to 12 percent increase over fiscal 2011.
Also unchanged are the assumptions supporting the diluted earnings per share range for fiscal year 2012, including: flat to modest revenue growth; operating margin growth in the high single-digit to low double-digit basis points range; and free cash flow in the range of $700 million to $800 million, which includes capital expenditures in the $150 million range. Subject to market conditions, the Company expects to spend approximately $400 million to repurchase its common shares in fiscal year 2012.
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