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In The News:

McKesson Sales Dip 1% in Second Quarter

October 25, 2012
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McKesson Corp. (NYSE: MCK), San Francisco, CA, reported sales for the second quarter ended Sept. 30, 2012, were $29.9 billion, down 1 percent from the same period a year ago. Profit grew 35 percent to $401 million.

For the first half of the fiscal year, sales were $60.6 billion, up 1 percent year-over-year. Profit increased 34 percent to $781 million.

Distribution Solutions revenues were down 1 percent in the second quarter, driven mainly by a 1 percent decline in U.S. pharmaceutical distribution revenues, reflecting brand-to-generic conversions and one fewer sales day.

Canadian revenues, on a constant currency basis, decreased 3 percent for the second quarter. Including the unfavorable currency impact of 2 percent, Canadian revenues decreased 5 percent for the second quarter.

Medical-Surgical distribution and services revenues were flat for the quarter, due to the impact of five fewer sales days.

Technology Solutions revenues were flat for the second quarter.

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