This acquisition advances our role as a partner of choice for biopharmaceutical companies by enhancing our global portfolio of specialty services. Below, AmerisourceBergen presents descriptive summaries of the Companys GAAP and adjusted (non-GAAP) quarterly and fiscal year results. * For information regarding Mandatory Leave (ML) days policy for legacy UMDNJ Staff and guidelines for legacy UMDNJ Faculty Positions, please click here. From innovating new solutions, to seamlessly responding to unprecedented changes across the industry, our people actively create and test ideas to make a difference in the future of health. The access code for the replay is 796214. 26 questions about Benefits at AmerisourceBergen. Visit india.gov.in for the original release. Revenue in International Healthcare Solutions was $6.4 billion in the fourth quarter of fiscal 2022, a decrease of 2.7 percent compared to the same period in the prior fiscal year. Learn about AmerisourceBergen Paid Holidays, including a description from the employer, and comments and ratings provided anonymously by current and former AmerisourceBergen employees. Weighted average common shares outstanding: 1 Includes $16.1 million and $20.9 million of LIFO credits in the three months ended March 31, 2022 and 2021, respectively. 1 Represents discrete tax benefits primarily attributable to the income tax deductions resulting from the permanent shutdown of the PharMEDium business. In the first quarter of fiscal 2022, the Company re-aligned its reporting structure under two reportable segments: U.S. Healthcare Solutions and International Healthcare Solutions. Fiscal Year Ended (in thousands) (in thousands, except per share data) Health Economics, Market Access & Regulatory Consulting, Patient Access, Affordability & Adherence Services, Global Storage, Transport & Outsourced Logistics. Revenue increased 11.5 percent from last fiscal year to $238.6 billion. Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures: Net cash provided by operating activities, Cost of acquired companies, net of cash acquired, Net cash (used in) provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and restricted cash, Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale, Less: Increase in cash classified within assets held for sale, Increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of year 2, Cash, cash equivalents, and restricted cash at end of year 2. Adjusted operating income increased 19.5 percent to $3.2 billion due to the increase in gross profit associated with the June 2021 acquisition of Alliance Healthcare, increased sales to specialty physician practices, and fees earned from the distribution of government-owned COVID-19 treatments. This years report provides detailed information on our environmental, social and governance progress and commitments for the future. 7/3: Open ; Open : Open . AmerisourceBergen Reports Fiscal 2022 Fourth Quarter and Year End Results November 3, 2022 Download Revenue of $61.2 Billion for the Fourth Quarter, a 3.8 Percent Year-Over-Year Increase Fourth Quarter GAAP Diluted EPS of $1.40 and Adjusted Diluted EPS of $2.60 Revenue of $238.6 Billion for Fiscal Year 2022, an 11.5 Percent Year-Over-Year Increase These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances and speak only as of the date hereof. University Holiday Schedule for 2021-2022 Independence Day (observed): Monday, July 5, 2021 Labor Day: Monday, September 6, 2021 Thanksgiving: Thursday, November 25, 2021 Friday after Thanksgiving: Friday, November 26, 2021 Christmas Eve: Friday, December 24, 2021 Christmas Day (observed): Monday, December 27, 2021 To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. AmerisourceBergen fosters a positive impact on the health of people and communities around the world by advancing the development and delivery of pharmaceuticals and healthcare products. AmerisourceBergen is updating its outlook for fiscal year 2022. Attributable to 10 Mon . Additionally, on May 2, 2022, the Company and the two other national pharmaceutical distributors reached an agreement to pay up to $518 million in a settlement with the State of Washington and participating subdivisions to resolve opioid-related claims, consistent with Washingtons allocations under the comprehensive settlement agreement, as well as certain attorneys fees and costs. Adjusted diluted EPS, which is a non-GAAP measure that excludes items described below, increased 8.8 percent to $2.60 in the fiscal fourth quarter. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "project," "intend," "plan," "continue," "sustain," "synergy," "on track," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words, and similar expressions are intended to identify such forward-looking statements. "As we move into the second half of our fiscal year with significant momentum, we remain focused on execution and continuing to help our partners navigate the complex and evolving healthcare landscape. Biweekly paid employees working any holiday will be paid at time and one-half. 8:30am 12:00pm Continuing education sessions For example, LIFO expense/credit is largely dependent upon the future inflation or deflation of brand and generic pharmaceuticals, which is out of the Companys control, and acquisition-related intangibles amortization depends on the timing and amount of future acquisitions, which cannot be reasonably estimated. Fiscal Year 2022 Expectations on an Adjusted (non-GAAP) Basis. CLOSED1 DAY DELAY ALL WEEK. To supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses the non-GAAP financial measures described below. United States Holidays 2022. July 18, 2022, Veterinary Advantage, Steve Shell and Julia Loew September 30, 2021, Net loss (income) attributable to noncontrolling interests. AmerisourceBergen Paid Holidays 56 employees reported this benefit 3.2 11 Ratings Available to US-based employees Change location Employer Verified Jun 17, 2019 Employer Summary AmerisourceBergen offers paid holidays for employees. 1 Includes tax expense relating to Swiss tax reform and a gain on the currency remeasurement of the related deferred tax assets, which is recorded within Other (Income) Loss, Net. After submitting your request, you will receive an activation email to the requested email address. I will now hand over to your host, Bennett Murphy, Head of Investor Relations to begin. Youth 5 and under FREE These supplemental measures may vary from, and may not be comparable to, similarly titled measures by other companies. Early bird 5-night package $3,045.00, Standard pricing (after September 30, 2021) 2 Includes an $8.1 million loss on the currency remeasurement of deferred tax assets relating to Swiss tax reform, Turkey foreign exchange remeasurement expense of $6.1 million, a $4.8 million gain on the remeasurement of an equity investment, and a $3.7 million reduction to the previously recognized gain on the sale of businesses in the three months September 30, 2022. AMERISOURCEBERGEN CORPORATION company earnings calendar and analyst expectations - Upcoming and past events | Nyse: ABC | Nyse. Operating expenses increased 29.2 percent primarily due to an increase in expenses as a result of the June 2021 acquisition of Alliance Healthcare. Welcome to the AmerisourceBergen Corporation Fiscal 2022 Second Quarter Earnings Call. Among the factors that could cause actual results to differ materially from those projected, anticipated, or implied are the following: the effect of and uncertainties related to the ongoing COVID-19 pandemic (including any government responses thereto) and any continued recovery from the impact of the COVID-19 pandemic; our ability to achieve and maintain profitability in the future; our ability to respond to general economic conditions; our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; the impact on our business of the regulatory environment and complexities with compliance; unfavorable trends in brand and generic pharmaceutical pricing, including in rate or frequency of price inflation or deflation; competition and industry consolidation of both customers and suppliers resulting in increasing pressure to reduce prices for our products and services; changes in the United States healthcare and regulatory environment, including changes that could impact prescription drug reimbursement under Medicare and Medicaid and declining reimbursement rates for pharmaceuticals; increasing governmental regulations regarding the pharmaceutical supply channel; continued federal and state government enforcement initiatives to detect and prevent suspicious orders of controlled substances and the diversion of controlled substances; continued prosecution or suit by federal and state governmental entities and other parties (including third-party payors, hospitals, hospital groups and individuals) of alleged violations of laws and regulations regarding controlled substances, and any related disputes, including shareholder derivative lawsuits; increased federal scrutiny and litigation, including qui tam litigation, for alleged violations of laws and regulations governing the marketing, sale, purchase and/or dispensing of pharmaceutical products or services, and associated reserves and costs; failure to comply with the Corporate Integrity Agreement; the outcome of any legal or governmental proceedings that may be instituted against us, including material adverse resolution of pending legal proceedings; the retention of key customer or supplier relationships under less favorable economics or the adverse resolution of any contract or other dispute with customers or suppliers; changes to customer or supplier payment terms, including as a result of the COVID-19 impact on such payment terms; the integration of the Alliance Healthcare businesses into the Company being more difficult, time consuming or costly than expected; the Companys or Alliance Healthcares failure to achieve expected or targeted future financial and operating performance and results; the effects of disruption from the acquisition and related strategic transactions on the respective businesses of the Company and Alliance Healthcare and the fact that the acquisition and related strategic transactions may make it more difficult to establish or maintain relationships with employees, suppliers and other business partners; the acquisition of businesses, including the acquisition of the Alliance Healthcare businesses and related strategic transactions, that do not perform as expected, or that are difficult to integrate or control, or the inability to capture all of the anticipated synergies related thereto or to capture the anticipated synergies within the expected time period; risks associated with the strategic, long-term relationship between Walgreens Boots Alliance, Inc. and the Company, including with respect to the pharmaceutical distribution agreement and/or the global generic purchasing services arrangement; managing foreign expansion, including non-compliance with the U.S. Foreign Corrupt Practices Act, anti-bribery laws, economic sanctions and import laws and regulations; our ability to respond to financial market volatility and disruption; changes in tax laws or legislative initiatives that could adversely affect the Company's tax positions and/or the Company's tax liabilities or adverse resolution of challenges to the Company's tax positions; the loss, bankruptcy or insolvency of a major supplier, or substantial defaults in payment, material reduction in purchases by or the loss, bankruptcy or insolvency of a major customer, including as a result of COVID-19; financial and other impacts of COVID-19 on our operations or business continuity; changes to the customer or supplier mix; malfunction, failure or breach of sophisticated information systems to operate as designed, and risks generally associated with cybersecurity; risks generally associated with data privacy regulation and the international transfer of personal data; financial and other impacts of macroeconomic and geopolitical trends and events, including the unfolding situation in Russia and Ukraine and its regional and global ramifications; natural disasters or other unexpected events, such as additional pandemics, that affect the Companys operations; the impairment of goodwill or other intangible assets (including any additional impairments with respect to foreign operations), resulting in a charge to earnings; the Company's ability to manage and complete divestitures; the disruption of the Company's cash flow and ability to return value to its stockholders in accordance with its past practices; interest rate and foreign currency exchange rate fluctuations; declining economic conditions in the United States and abroad; and other economic, business, competitive, legal, tax, regulatory and/or operational factors affecting the Company's business generally. Friday, December 30, 2022. INDEPENDENCE DAY - MONDAY JULY 4,2022 -. Interview process at AmerisourceBergen Overall experience Poor Excellent Easy Difficult Interview process length About two weeks 28% About a week 25% About a day or two 24% About a month 13% More than one month 10% Most reported steps On-site interview 70% Drug test 65% Background check 62% Phone call/screening 61% Group interview 21% Compensated to do so, but difficult for a life outside of work, We are proud to share our 2021 Global #Sustainability Report and #ESG Reporting Index. Choose your province or territory Most viewed holidays today: Glassdoor is your resource for information about the Paid Holidays benefits at AmerisourceBergen. CLOSED1 DAY DELAY ALL WEEK. After submitting your request, you will receive an activation email to the requested email address. Good Neighbor Pharmacy, AmerisourceBergens nationwide network of independent community pharmacies, has exceeded 5 million COVID-19 vaccine doses allocated to independent pharmacies across the U.S. 8:00am 5:00pm Continuing education sessions, Thursday, July 21 Adjusted diluted EPS guidance has been raised from the previous range of $10.60 to $10.90 to a range of $10.80 to $11.05. From outside the United States and Canada, dial +44 (204) 525-0658. Martin Luther King Day. These amounts are calculated by translating current period GAAP results at the foreign currency exchange rates used in the comparable period in the prior year. The Companys previously reported segment results have been revised to conform to its re-aligned reporting structure. Monday, January 31 - Friday, February 4, 2022. Operator: Good morning or good afternoon all. Please check the website investor.amerisourcebergen.com for updates regarding the timing of the live webcasts and for replay information. We will resume normal operations on Monday, February 7, 2022 . NON-GAAP FINANCIAL MEASURES. Federal officials . AMERISOURCEBERGEN CORPORATION You can sign up for additional alert options at any time. Juneteenth 2022 - Calendar Date Juneteenth 2022 Juneteenth for the year 2022 is celebrated/ observed on Sunday, June 19. Among the factors that could cause actual results to differ materially from those projected, anticipated, or implied are the following: the effect of and uncertainties related to the ongoing COVID-19 pandemic (including any government responses thereto) and any continued recovery from the impact of the COVID-19 pandemic; our ability to achieve and maintain profitability in the future; our ability to respond to general economic conditions, including elevated levels of inflation; our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; the impact on our business of the regulatory environment and complexities with compliance; unfavorable trends in brand and generic pharmaceutical pricing, including in rate or frequency of price inflation or deflation; competition and industry consolidation of both customers and suppliers resulting in increasing pressure to reduce prices for our products and services; changes in the United States healthcare and regulatory environment, including changes that could impact prescription drug reimbursement under Medicare and Medicaid and declining reimbursement rates for pharmaceuticals; increasing governmental regulations regarding the pharmaceutical supply channel; continued federal and state government enforcement initiatives to detect and prevent suspicious orders of controlled substances and the diversion of controlled substances; continued prosecution or suit by federal and state governmental entities and other parties (including third-party payors, hospitals, hospital groups and individuals) of alleged violations of laws and regulations regarding controlled substances, and any related disputes, including shareholder derivative lawsuits; increased federal scrutiny and litigation, including qui tam litigation, for alleged violations of laws and regulations governing the marketing, sale, purchase and/or dispensing of pharmaceutical products or services, and associated reserves and costs; failure to comply with the Corporate Integrity Agreement; the outcome of any legal or governmental proceedings that may be instituted against us, including material adverse resolution of pending legal proceedings; the retention of key customer or supplier relationships under less favorable economics or the adverse resolution of any contract or other dispute with customers or suppliers; changes to customer or supplier payment terms, including as a result of the COVID-19 impact on such payment terms; the possibility that various conditions to the consummation of the acquisition of PharmaLex may not be satisfied or that their satisfaction may be delayed; uncertainties as to the timing of the consummation of the acquisition of PharmaLex; unexpected costs, charges or expenses resulting from the acquisition of PharmaLex; the integration of the Alliance Healthcare and PharmaLex businesses into the Company being more difficult, time consuming or costly than expected; the Companys, Alliance Healthcares or PharmaLexs failure to achieve expected or targeted future financial and operating performance and results; the effects of disruption from the acquisition and related strategic transactions on the respective businesses of the Company, Alliance Healthcare and PharmaLex, and the fact that the acquisition and related strategic transactions may make it more difficult to establish or maintain relationships with employees, suppliers and other business partners; the acquisition of businesses, including the acquisition of the Alliance Healthcare and PharmaLex businesses and related strategic transactions, that do not perform as expected, or that are difficult to integrate or control, or the inability to capture all of the anticipated synergies related thereto or to capture the anticipated synergies within the expected time period; risks associated with the strategic, long-term relationship between Walgreens Boots Alliance, Inc. and the Company, including with respect to the pharmaceutical distribution agreement and/or the global generic purchasing services arrangement; managing foreign expansion, including noncompliance with the U.S. Foreign Corrupt Practices Act, anti-bribery laws, economic sanctions and import laws and regulations; our ability to respond to financial market volatility and disruption; changes in tax laws or legislative initiatives that could adversely affect the Companys tax positions and/or the Companys tax liabilities or adverse resolution of challenges to the Companys tax positions; loss, bankruptcy or insolvency of a major supplier, or substantial defaults in payment, material reduction in purchases by or the loss, bankruptcy or insolvency of a major customer, including as a result of COVID-19; financial market volatility and disruption; financial and other impacts of COVID-19 on our operations or business continuity; changes to the customer or supplier mix; malfunction, failure or breach of sophisticated information systems to operate as designed; risks generally associated with cybersecurity; risks generally associated with data privacy regulation and the international transfer of personal data; financial and other impacts of macroeconomic and geopolitical trends and events, including the unfolding situation in Russia and Ukraine and its regional and global ramifications; natural disasters or other unexpected events, such as additional pandemics, that affect the Companys operations; the impairment of goodwill or other intangible assets (including any additional impairments with respect to foreign operations), resulting in a charge to earnings; the Companys ability to manage and complete divestitures; the disruption of the Companys cash flow and ability to return value to its stockholders in accordance with its past practices; interest rate and foreign currency exchange rate fluctuations; declining economic conditions and increases in inflation in the United States and abroad; and other economic, business, competitive, legal, tax, regulatory and/or operational factors affecting the Companys business generally. bmurphy@amerisourcebergen.com. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. View source version on businesswire.com: Includes a $203.0 million LIFO credit and $168.8 million of gains from antitrust litigation settlements in the fiscal year ended September 30, 2021. The Companys previously reported segment results have been revised to conform to its re-aligned reporting structure. U.S. Healthcare Solutions consists of the legacy Pharmaceutical Distribution Services reportable segment (excluding Profarma), MWI Animal Health, Xcenda, Lash Group, and ICS 3PL. Net Loss https://www.businesswire.com/news/home/20220503006098/en/, Bennett S. Murphy Turning now to discuss our results for the first quarter of fiscal 2022 and continued progress on strategic imperatives, AmerisourceBergen began the fiscal year with solid financial performance. We have included the following non-GAAP earnings-related financial measures in this release: The company also presents certain information related to current period operating results in constant currency, which is a non-GAAP financial measure. AmerisourceBergen Corporation (ABC), one of the nation's largest wholesale drug companies, and its subsidiaries AmerisourceBergen Specialty Group (ABSG), AmerisourceBergen Drug Corporation (ABDC), Oncology Supply Company (OSC), and Medical Initiatives, Inc. (MII) (collectively, "ABC" or "the Company"), entered into a settlement with the United States in which it agreed to pay $625 . AmerisourceBergen Marketplace connects sellers to independent retail pharmacies This new wholesale marketplace enables pharmacies to purchase everything from food to health and wellness items to electronic accessories, giving sellers a powerful way to get their products into local communities.
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