Last $228.70 USD
Change Today -0.76 / -0.33%
Volume 657.0K
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

mckesson corp (MCK) Key Developments

McKesson Corporation Appoints Executives

McKesson Corporation announced that Bansi Nagji has been appointed executive vice president of corporate strategy and business development. Prior to joining Monitor, he worked as a solicitor in London with one of Europe's large law firms. Brian Tyler Promoted to President, North American Pharmaceutical Distribution and Services. Tyler, McKesson's former strategy chief, has fully transitioned to a new role that was created after McKesson's acquisition of the global pharmaceutical distribution company, Celesio.

McKesson Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015

McKesson Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenues of $47,005 million against $34,336 million a year ago. Operating income was $780 million compared to $493 million for the same period in the last year. Income from continuing operations before income taxes was $696 million compared to $418 million for the same period in the last year. Net income was $511 million compared to $65 million for the same period in the last year. Net income attributable to the company was $472 million or $2.00 per diluted share compared to $65 million or $0.28 per diluted share for the same period in the last year. Earnings per share attributable to the company from continuing operations diluted were $2.01 against $0.70 a year ago. On adjusted basis, the company reported income from continuing operations before income taxes was $697 million against $714 million a year ago. Income from continuing operations, net of tax, attributable to the company was $679 million against $347 million a year ago. Diluted earnings per common share from continuing operations, net of tax, attributable to the company was $2.89 against $1.48 a year ago. Operating profit was $1,166 million against $860 million a year ago. For the nine months, the company reported revenues of $135,821 million against $99,560 million a year ago. Operating income was $2,256 million compared to $1,834 million for the same period in the last year. Income from continuing operations before income taxes was $2,016 million compared to $1,656 million for the same period in the last year. Net income was $1,399 million compared to $893 million for the same period in the last year. Net income attributable to the company was $1,344 million or $5.72 per diluted share compared to $893 million or $3.83 per diluted share for the same period in the last year. Earnings per share attributable to the company from continuing operations diluted were $5.84 against $4.36 a year ago. On adjusted basis, the company reported income from continuing operations before income taxes was $2,851 million against $2,213 million a year ago. Income from continuing operations, net of tax, attributable to the company was $1,922 million against $1,372 million a year ago. Diluted earnings per common share from continuing operations, net of tax, attributable to the company was $8.17 against $5.89 a year ago. Operating profit was $2,150 million against $2,471 million a year ago. Net cash provided by operating activities was $1,229 million against $472 million a year ago. Property acquisitions were $286 million against $191 million a year ago. Capitalized software expenditures were $119 million against $108 million a year ago. Internal capital spending totaled $405 million for the first nine months of fiscal 2015. The company raised outlook for the year and now expect adjusted earnings per diluted share from continuing operations of $10.80 to $10.95 for the fiscal year ending March 31, 2015. The company now expects full year internal capital spending to be approximately $525 million. With respect to GAAP earnings per share for the full year, the company now expects $1.48 in amortization of acquisition-related intangible assets and $0.63 of acquisition expenses and related adjustments.

McKesson Corporation Declares Quarterly Dividend, Payable on April 1, 2015

The Board of Directors of McKesson Corporation declared a regular quarterly dividend of twenty-four cents per share on common stock. The dividend will be payable on April 1, 2015, to stockholders of record on March 2, 2015.

McKesson Introduces Paragon Community Plus Solution

McKesson announced the launch of Paragon Community Plus, an innovative solution that combines its contemporary, Microsoft-based Paragon electronic health record (EHR) solution with implementation, remote hosting and post go-live services. This new offering is tailored to help community hospitals make a strategic shift from their current application to a modern, affordable solution, which includes clinical, financial and document management capabilities.

McKesson Corporation to Report Q3, 2015 Results on Feb 05, 2015

McKesson Corporation announced that they will report Q3, 2015 results at 4:00 PM, US Eastern Standard Time on Feb 05, 2015

 

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