The 2020 Mid-Year Economic Update_long

AmerisourceBergen Sales Up 12.8% in Fiscal 3Q

Sales increase reflects strong growth in both business segments.

AmerisourceBergen Corp. (NYSE: ABC), Valley Forge, PA, today reported sales for the third quarter ended June 30 of $34.2 billion, up 12.8 percent from the same period a year ago. Profit was $214.2 million, compared to a year-ago loss of $12.8 million.

The third-quarter sales increase reflects a 9 percent increase in AmerisourceBergen Drug Corp. revenue and a 22 percent increase in AmerisourceBergen Specialty Group revenue.

For the first nine months of the fiscal year, sales were $100.5 billion, up 14.2 percent over the same period a year ago. The company recorded a net loss for the period of $499.2 million, compared to year-ago profit of $208.7 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.