Drug distributor McKesson Corp., San Francisco, CA, reported sales for the second quarter ended Sept. 30, 2008, were $26.6 billion, a 9% increase over the prior year. Profit improved 32% to $327 million.
Year-to-date, sales increased 9% in a year-over-year comparison to $53.3 billion. The company reported profit for the period of $562 million, an increase of 17%.
In the Distribution Solutions segment, sales grew 9%. U.S. pharmaceutical direct distribution and services revenues grew 16% for the quarter, while warehouse sales were down 7%. Canadian revenues increased 15% due to new and expanded distribution agreements, market growth rates, and one additional day of sales. Medical-Surgical distribution revenues were up 9% for the quarter.
In Technology Solutions, revenues were up 7% for the quarter.