AMERISOURCEBERGEN EXPECTS 5% INCREASED FISCAL 2004 EPS.AmerisourceBergen Corporation (NYSE NYSE See: New York Stock Exchange :ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ), Valley Forge expects fiscal 2004 diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of excluding special items to be in the range of $4.10 per share to $4.20 per share, an approximately 5 percent increase over fiscal 2003. The new guidance for the year reflects the company's loss of the Department of Veterans Affairs (VA) prime pharmaceutical vendor contract. AmerisourceBergen's current contract with the VA, which is worth about $3 billion in revenue annually, will end on March 31, 2004. R. David Yost, AmerisourceBergen CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Although we are disappointed we did not win this contract, we will quickly move to remove costs associated with the VA contract, and will remain disciplined in the marketplace." About AmerisourceBergen AmerisourceBergen (NYSE:ABC) is the largest pharmaceutical services company in the United States dedicated solely to the pharmaceutical supply chain. It is the leading distributor of pharmaceutical products and services to the hospital market, physician's offices, alternate care and mail order facilities, and independent and chain pharmacies. The company is also a leader in the long term care pharmacy marketplace, the workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. fulfillment business and contract packaging for manufacturers. With more than $45 billion in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. operating revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs more than 14,000 people. AmerisourceBergen is ranked #24 on the Fortune 500 list and was ranked #6 in the 2003 Business Week 50, a list of the 50 best performing companies in the S & P 500. For more information, visit http://www.amerisourcebergen.com. or call 610/727-7118. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion