AmerisourceBergen (ABC) reiterates fiscal year 2022 guidance

AmerisourceBergen Corporation (NYSE: ABC) today reiterated its previously provided guidance for fiscal year 2022 and announced that its Board of Directors has authorized a new share repurchase program. The investor day will include presentations by company leaders focusing on AmerisourceBergen’s purpose, strategic imperatives, ESG commitments, and long-term financial growth outlook.

“We are excited to showcase how AmerisourceBergen is building on our leadership in global healthcare solutions to create healthier futures around the world,” said Steven H. Collis, Chairman, President & Chief Executive Officer. “At today’s event, we will discuss our strategy and vision, and how we will continue to drive long-term sustainable growth through our differentiated global healthcare solutions, our investments in people and culture, and by building on our ESG strategy to live our purpose and create a better future for all stakeholders.”

The company reiterated its fiscal year 2022 guidance, including its expectation for adjusted diluted earnings per share to be in the range of $10.80 to $11.05.

New Share Repurchase Authorization

In May 2022, AmerisourceBergen’s Board of Directors authorized a new share repurchase program allowing the Company to purchase up to $1 billion of its outstanding shares of common stock, subject to market conditions. The Company’s fiscal year 2022 guidance does not include any potential benefit from the $1 billion share repurchase authorization. As of May 31, 2022, the Company had $321 million remaining under the share repurchase program authorized in May 2020.

Investor Day

The investor day live event webcast will begin at 9:00 am ET on June 1, 2022. Interested investors are invited to check the website investor.amerisourcebergen.com to access the webcast.

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