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| ABC > SEC Filings for ABC > Form 8-K on 30-Oct-2008 | All Recent SEC Filings |
30-Oct-2008
Results of Operations and Financial Condition, Other Events, Financial Sta
On October 30, 2008, AmerisourceBergen Corporation (the "Registrant") issued a news release announcing its earnings for the fiscal quarter and year ended September 30, 2008 and announcing its corresponding earnings conference call. A copy of the news release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.
In the news release, issued October 30, 2008, the Registrant announced that it had completed the sale of its PMSI workers' compensation business to H.I.G. Capital, LLC on October 29, 2008. The PMSI workers' compensation business was classified as a discontinued operation by the Registrant.
The Registrant also announced that it expects diluted earnings per share for fiscal year 2009 to be in a range of $3.08 to $3.25, which represents an increase of 7 percent to 12 percent over the $2.89 diluted earnings per share from continuing operations in fiscal year 2008. The Registrant also announced the key assumptions supporting the diluted earnings per share range, including total revenue growth of between 1 percent and 3 percent, reflecting expected market conditions, the Registrant's customer mix, and the 3 percent negative impact from the loss on July 1, 2008 of a large retail drug chain; operating margin expansion in the low to mid single digit basis point range; and free cash flow in the range of $460 million to $535 million, which includes capital expenditures in the $140 million range. The Registrant also announced that, subject to the approval of its Board of Directors and market conditions, it expects to spend approximately $350 million to repurchase its common shares in fiscal year 2009. A copy of the news release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.
(d) Exhibits.
99.1 News Release, dated October 30, 2008, regarding Registrant's earnings for the fiscal quarter and year ended September 30, 2008 and other matters.
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