Welcome to our dedicated page for Cencora news (Ticker: COR), a resource for investors and traders seeking the latest updates and insights on Cencora stock.
Cencora Inc. (NYSE: COR) operates at the core of global healthcare distribution, connecting pharmaceutical manufacturers with providers worldwide. This page aggregates official announcements and verified news covering strategic developments across its pharmaceutical distribution networks, manufacturer partnerships, and specialty logistics operations.
Investors and industry professionals will find comprehensive coverage of earnings updates, regulatory milestones, supply chain innovations, and strategic acquisitions. Track COR’s progress in enhancing healthcare access through its commercialization services for drug manufacturers and temperature-controlled logistics via World Courier.
Key updates include expansions in animal health distribution through MWI Animal Health, partnerships with healthcare providers, and operational developments following the Alliance Healthcare integration. All content is curated to support analysis of COR’s role in the evolving pharmaceutical wholesale sector.
Bookmark this page for streamlined access to Cencora’s latest press releases and market-moving updates, essential for monitoring one of healthcare’s critical infrastructure providers.
Cencora (NYSE: COR) has announced a significant share repurchase agreement with Walgreens Boots Alliance Holdings, totaling approximately $400 million. This transaction is part of a broader strategy, with Cencora completing around $550 million in share repurchases in May 2024 alone. Additionally, Cencora has raised its fiscal year 2024 adjusted diluted earnings per share (EPS) guidance to a range of $13.35 to $13.55, up from the previous $13.30 to $13.50. The improved EPS forecast is attributed to a reduced share count, although it is partially offset by increased net interest expenses due to lower investment balances following the repurchases. Cencora, a global pharmaceutical solutions leader, is recognized on the Fortune 500 and Global Fortune 500 lists, with annual revenues exceeding $250 billion.
Walgreens Boots Alliance (WBA) has sold approximately $400 million worth of Cencora (COR) shares through a stock repurchase agreement, decreasing its ownership from 13% to 12%.
The proceeds will be used mainly for debt reduction and general corporate purposes, supporting WBA's strategy to enhance its health services rooted in retail pharmacy.
The sale does not affect the ongoing collaboration or long-term strategic partnership between the companies. Ornella Barra, COO International of WBA, will continue to serve on Cencora's Board of Directors.
Cencora, Inc. (NYSE: COR) reported a revenue of $68.4 billion for the second quarter, marking a 7.8% increase year-over-year. The GAAP diluted EPS stood at $2.09, with adjusted diluted EPS at $3.80. The company raised its adjusted diluted EPS guidance range to $13.30 to $13.50 for fiscal 2024.
