McKesson Corp (NYSE:MCK) reported third-quarter FY22 adjusted EPS of $6.15, +34% Y/Y, and easily beating the analyst consensus of $5.42.
- Revenues increased 10% Y/Y to $68.61 billion, surpassing the consensus of $66.49 billion.
- U.S. Pharmaceutical segment’s Q3 FY22 revenues were $55.0 billion, +11%, driven by higher volumes from retail national account customers and market growth, partially offset by branded to generic conversions.
- Prescription Technology Solutions segment revenues increased 33% to $1 billion, driven by volume growth related to biopharma services.
- Medical-Surgical Solutions revenues improved 1% to $3.1 billion, driven by increased sales of COVID-19 tests, partially offset by lower revenue from COVID-19 tests.
- Through January 31, 2022, McKesson has shipped over 370 million vaccines on behalf of the U.S. government.
- Also See: Johnson & Johnson, Distributors Reach $590M Opioid Settlement For Tribe Claims: Report.
- Adjusted gross profit margin remained almost unchanged at 5%.
- Outlook: McKesson increased FY22 adjusted EPS guidance to $23.55 – $23.95, up from the previous outlook of $22.35 – $22.95, compared to the consensus of $22.78.
- Price Action: MCK shares closed higher by 0.60% at $258.46 on Wednesday.
