AmerisourceBergen First-Quarter Sales Up 5.7% - Modern Distribution Management

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AmerisourceBergen First-Quarter Sales Up 5.7%

Profit increased 4 percent to $168.6 million.

AmerisourceBergen Corp. (NYSE: ABC), Valley Forge, PA, reported sales for its fiscal 2013 first quarter ended Dec. 31, 2012, of $21.5 billion, an increase of 5.7 percent compared to the same period a year ago. Profit increased 4 percent to $168.6 million.

Pharmaceutical Distribution revenues for the quarter were $21.1 billion, an increase of 5 percent compared to the same period a year ago. Operating income of $268.6 million decreased 2 percent.

Revenues included in Other were $427.9 million, including significant contributions from the recent acquisitions of World Courier and TheraCom, a 104 percent increase from 2011 levels. Gross profit and operating expenses also increased significantly. Operating income increased 114 percent to $20.6 million.

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