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AmerisourceBergen Sales Up 2.4% in Fiscal 2012 First Quarter

AmerisourceBergen Corp., Valley Forge, PA, (NYSE:ABC) reported that in its fiscal year 2012 first quarter, ended Dec. 31, 2011, sales were $20.4 billion, up 2.4 percent.

“We are off to a good start in our fiscal year 2012, with December quarter results in line with our expectations, and excellent progress being made on the integration of our recent acquisitions,” said Steven H. Collis, AmerisourceBergen President and CEO.

Revenue was up 3.9 percent in the AmerisourceBergen Specialty Group and up 2.1 percent in AmericsourceBergen Drug Corporation.

Strong performance in third-party logistics in ABSG and in the retail and institutional segments in ABDC was offset in part by the previously announced loss of a large retail customer. Recent acquisitions, particularly the addition of TheraCom, contributed 0.6 percent of revenue growth in the quarter.

Profit in the quarter was $162 million.

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