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Pharmaceutical and medical supplies distributor McKesson Corp. (NYSE: MCK), San Francisco, CA, reported sales for the fiscal fourth quarter ended March 31 of $38.1 billion, an increase of 24.9 percent year-over-year. Profit increased 43.2 percent to $371 million.
For the fiscal year 2014, sales were $137.6 billion, a 12.7 percent increase from the previous year. The company reported a profit of $1.3 billion for the year, a decrease of 5.6 percent.
“I am pleased with our fourth-quarter results led by solid execution across the distribution solutions and technology solutions segments,” said CEO John Hammergren. “Additionally, during the fourth-quarter, we secured the acquisition of Celesio which marks an important step for McKesson as we expand to serve our customers and manufacturing partners with global scale.”
Distribution solutions segment sales were up 26 percent year-over-year in the fourth quarter and up 13 percent for the full-year. Technology solutions sales were down 1 percent in the fourth quarter but up 5 percent for the full-year.