The 2020 Mid-Year Economic Update_long

AmericsourceBergen Second-Quarter Sales Up 38.6%

Profit increased 16.6 percent.

AmerisourceBergen Corp. (NYSE: ABC), Valley Forge, PA, reported sales for the second quarter ended March 31, 2014, of $28.5 billion, an increase of 38.6 percent. Profit increased 16.6 percent to $831.6 million.

Pharmaceutical distribution sales were $27.9 billion, an increase of 39 percent compared to the same quarter in the prior year. Operating profit rose 16 percent to $372.9 million.

“We delivered strong performance in our March quarter, as we continued to onboard substantial new business, and made significant progress against our strategic objectives.” said Steven H. Collis, president and CEO. “We continued to make important investments in our business for the long-term, including signing a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A. of Brazil.”

For the first six months, sales were $57.6 billion, up 38.6 percent. Profit increased 3 percent to $1.4 billion.

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