AmerisourceBergen Sells Canada Unit, Lifts EPS Guidance

AmerisourceBergen (NYSE: ABC  ) has inked an agreement to divest its Canadian pharmaceutical distribution unit, AmerisourceBergen Canada. The buyer is Kohl & Frisch, a distributor based in that country, and the expected sale price is $80 million-$100 million.

Roughly half of the sale amount will be financed by AmerisourceBergen. Because of this, the company expects to book a loss on sale of $160 million-$180 million in the current quarter.

The firm has also adjusted its guidance for fiscal 2013. It now anticipates that revenue growth will come in at 8%-10% on a year-over-year basis for the period,. It also hiked its expectations for EPS, believing that figure will be $3.04-$3.14, an increase from its previous guidance of $2.96-$3.06.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2337730, ~/Articles/ArticleHandler.aspx, 5/25/2015 6:01:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!