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Last $32.01 USD
Change Today -0.71 / -2.17%
Volume 196.1K
PMC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

pharmerica corp (PMC) Snapshot

Open
$32.00
Previous Close
$32.72
Day High
$32.26
Day Low
$31.56
52 Week High
07/17/15 - $36.96
52 Week Low
12/17/14 - $19.42
Market Cap
974.1M
Average Volume 10 Days
192.0K
EPS TTM
$1.38
Shares Outstanding
30.4M
EX-Date
--
P/E TM
23.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for PHARMERICA CORP (PMC)

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pharmerica corp (PMC) Details

PharMerica Corporation operates as an institutional pharmacy services company in the United States. The company offers services to healthcare facilities; pharmacy management services to hospitals; specialty infusion services to patients outside hospitals; and oncology pharmacy services. It purchases, repackages, and dispenses prescription and non-prescription pharmaceuticals in accordance with physician orders and delivers such medication to healthcare facilities for administration to individual patients and residents. The company also provides hospital pharmacy management services, including hospital pharmacy operations, regulatory and financial management services, and clinical pharmacy programs, as well as offers consultant pharmacist services and medical records services. It operates 98 institutional, 14 specialty infusion, and 5 specialty oncology pharmacies in 45 states, as well as provides pharmacy management services to 89 hospitals in the United States. The company serves institutional healthcare providers, such as skilled nursing facilities, nursing centers, assisted living facilities, hospitals, individuals receiving in-home care, and other long-term alternative care settings. PharMerica Corporation was founded in 2006 and is headquartered in Louisville, Kentucky.

4,800 Employees
Last Reported Date: 03/2/15
Founded in 2006

pharmerica corp (PMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $855.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $494.5K
Executive Vice President of Long-term Care Op...
Total Annual Compensation: $343.3K
Senior Vice President and General Counsel
Total Annual Compensation: $326.3K
Senior Vice President of Purchasing & Trade R...
Total Annual Compensation: $299.9K
Compensation as of Fiscal Year 2014.

pharmerica corp (PMC) Key Developments

PharMerica Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Outlook for the Third Quarter of 2015; Reaffirms Earnings Guidance for the Full Year 2015

PharMerica Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $497.5 million against $448.6 million a year ago. Operating loss was $8.5 million against operating loss of $9.7 million a year ago. Income before income taxes was $6.6 million against loss before income taxes of $12.0 million a year ago. Net income was $2.3 million against net loss of $9.7 million a year ago. Diluted net income per share was $0.07 against loss per share of $0.32 a year ago. Adjusted EBITDA was $33.2 million against $30.6 million a year ago, up by 8.5%. Adjusted diluted earnings per share were $0.37 against $0.40 a year ago, down by 7.5%. Cash flows used in operating activities were $22.2 million compared with $26.5 million a year ago. Purchase of equipment and leasehold improvements was $6.4 million against $6.8 million a year ago. The increase in revenue was driven by recent acquisitions, growth in the company's specialty pharmacy businesses and branded drug inflation. For the six months, the company reported revenues of $1,009.0 million against $900.8 million a year ago. Operating income was $25.3 million against operating loss of $0.6 million a year ago. Income before income taxes was $22.0 million against loss before income taxes of $4.2 million a year ago. Net income was $11.9 million against net loss of $4.9 million a year ago. Diluted net income per share was $0.38 against loss per share of $0.16 a year ago. Cash flows provided by operating activities were $22.1 million compared with cash flows used in operating activities of $22.1 million for the same period last year. The increase in cash from operating activities was due primarily to the $48.8 million in AmerisourceBergen Drug Corporation drug purchase payments withheld, the corporation’s inventory purchasing strategy and an increase in net income, which were partially offset by an increase in AmerisourceBergen Drug Corporation rebates receivable. Purchase of equipment and leasehold improvements was $11.0 million against $12.8 million a year ago. Adjusted EBITDA was $70.6 million against $60.3 million a year ago, up by 8.5% Adjusted diluted earnings per share was $0.85 against $0.77 a year ago. For the third quarter of 2015, the company provided guidance as follows: revenue in the range of $470 million to $480 million; adjusted diluted earnings per share in the range of $0.36 to $0.37; and adjusted EBITDA in the range of $32 million to $33 million. The company reaffirms its full year 2015 guidance metrics: revenue in the range of $1.950 billion to $2.050 billion; adjusted diluted earnings per share in the range of $1.55 to $1.65; and adjusted EBITDA in the range of $137 million to $142 million.

PharMerica Seeks Acquisitions

Greg Weishar, PharMerica Corporation (NYSE:PMC)'s Chief Executive Officer, said, "PharMerica's strong, scalable national platform is built to support continued growth. In the second half of 2015 we will stay focused on driving organic growth, diversifying the revenue base through prudent acquisitions and building scale. We are confident this strategy enables PharMerica to continue creating value for our shareholders, clients and patients."

PharMerica Corporation to Report Q2, 2015 Results on Aug 07, 2015

PharMerica Corporation announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 07, 2015

 

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