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McKesson Corp (MCK.N)

MCK.N on New York Stock Exchange

131.37USD
15 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Mckesson Q1 Adjusted Earnings Per Share $2.90
Thursday, 26 Jul 2018 07:00am EDT 

McKesson Corp ::BOARD OF DIRECTORS APPROVED RAISING QUARTERLY DIVIDEND BY 15% FROM 34 CENTS TO 39 CENTS PER SHARE.MCKESSON REPORTS FISCAL 2019 FIRST-QUARTER RESULTS.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $13.00 TO $13.80.Q1 ADJUSTED EARNINGS PER SHARE $2.90.Q1 GAAP LOSS PER SHARE $0.69 FROM CONTINUING OPERATIONS.Q1 REVENUE $52.6 BILLION VERSUS I/B/E/S VIEW $52.9 BILLION.Q1 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S." DISAPPOINTED BY RECENT GOVERNMENT-INITIATED REIMBURSEMENT CUTS IN U.K."."GOVERNMENT-INITIATED REIMBURSEMENT CUTS IN U.K. CREATE ONGOING CHALLENGES IN OUR U.K. RETAIL PHARMACY BUSINESS".MCKESSON -Q1 GAAP LOSS PER SHARE INCLUDED PRE-TAX & AFTER-TAX NON-CASH GOODWILL IMPAIRMENT CHARGE OF $570 MILLION IN EUROPEAN PHARMACEUTICAL SOLUTIONS SEGMENT.  Full Article

McKesson Launches Multi-Year Strategic Growth Initiative; Reaffirms Fiscal 2018 Outlook
Wednesday, 25 Apr 2018 04:10pm EDT 

April 25 (Reuters) - McKesson Corp ::MCKESSON LAUNCHES MULTI-YEAR STRATEGIC GROWTH INITIATIVE; REAFFIRMS FISCAL 2018 OUTLOOK AND PROVIDES PRELIMINARY FISCAL 2019 OUTLOOK.REAFFIRMS FY 2018 ADJUSTED EARNINGS PER SHARE VIEW $12.50 TO $12.80.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $13.00 TO $13.80.FY2018 EARNINGS PER SHARE VIEW $12.67 -- THOMSON REUTERS I/B/E/S.SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE MEDICAL SPECIALTIES DISTRIBUTORS IN DEAL VALUED AT $800 MILLION.FY2019 EARNINGS PER SHARE VIEW $13.36 -- THOMSON REUTERS I/B/E/S.EXPECTS TRANSACTION WILL BE MODESTLY ACCRETIVE TO ADJUSTED EARNINGS PER DILUTED SHARE IN FISCAL 2019.MCKESSON - RESTRUCTURING PLAN CONSISTS OF AFTER-TAX GAAP CHARGES THAT ARE ESTIMATED TO BE APPROXIMATELY $150 MILLION TO $210 MILLION.INITIATIVE INCLUDES A COMPREHENSIVE REVIEW OF COMPANY'S OPERATIONS AND COST STRUCTURE.MCKESSON - INVESTMENT TO SUPPORT GROWTH INITIATIVES WILL BE PARTIALLY FUNDED BY SAVINGS FROM OPTIMIZATION OF CO'S OPERATING MODEL.  Full Article

McKesson Reports Q3 Adjusted Earnings Per Share $3.41
Thursday, 1 Feb 2018 07:00am EST 

Feb 1 (Reuters) - McKesson Corp ::MCKESSON REPORTS FISCAL 2018 THIRD-QUARTER RESULTS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $12.50 TO $12.80.Q3 ADJUSTED EARNINGS PER SHARE $3.41.Q3 GAAP EARNINGS PER SHARE $4.32 FROM CONTINUING OPERATIONS.Q3 REVENUE $53.6 BILLION VERSUS I/B/E/S VIEW $52.03 BILLION.SEES FY 2018 GAAP EARNINGS PER SHARE $7.65 TO $9.00 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $2.93 -- THOMSON REUTERS I/B/E/S.MCKESSON - QTRLY EARNINGS PER SHARE INCLUDED A NET TAX BENEFIT OF APPROXIMATELY $370 MILLION, OR $1.78, RELATED TO TAX CUTS AND JOBS ACT OF 2017.MCKESSON - RAISING AND NARROWING FISCAL 2018 ADJUSTED EARNINGS PER SHARE OUTLOOK FROM A RANGE OF $11.80 TO $12.50 TO NEW RANGE OF $12.50 TO $12.80.FY2018 EARNINGS PER SHARE VIEW $12.25 -- THOMSON REUTERS I/B/E/S.  Full Article

Atlassian Appoints James Beer As CFO
Monday, 18 Dec 2017 09:10am EST 

Dec 18 (Reuters) - Atlassian Corp Plc ::ATLASSIAN APPOINTS JAMES BEER AS CHIEF FINANCIAL OFFICER.ATLASSIAN CORP PLC - ‍ JAMES BEER WILL START AT ATLASSIAN ON FEBRUARY 20, 2018​.ATLASSIAN CORP PLC - ATLASSIAN'S CURRENT CFO MURRAY DEMO WILL LEAVE CO AT END OF JAN 2018.  Full Article

Mckesson Announces Departure Of James Beer, EVP And CFO
Monday, 18 Dec 2017 09:00am EST 

Dec 18 (Reuters) - Mckesson Corp ::MCKESSON ANNOUNCES DEPARTURE OF JAMES BEER, EVP AND CFO; APPOINTS INTERNAL SUCCESSOR, BRITT VITALONE; REAFFIRMS FISCAL 2018 OUTLOOK.REAFFIRMS FY 2018 ADJUSTED EARNINGS PER SHARE VIEW $11.80 TO $12.50.- ‍ BRITT VITALONE, WILL BE APPOINTED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF MCKESSON, EFFECTIVE JANUARY 1, 2018​.- ‍ BEER WILL JOIN ATLASSIAN, AN ENTERPRISE COLLABORATION COMPANY, IN SAN FRANCISCO, AS CHIEF FINANCIAL OFFICER, EFFECTIVE FEBRUARY 2018​.FY2018 EARNINGS PER SHARE VIEW $12.18 -- THOMSON REUTERS I/B/E/S.  Full Article

Mckesson Medical-Surgical Says Signed Exclusive Agreement With Biomérieux To Serve U.S. Community Hospital Market​
Thursday, 14 Dec 2017 08:00am EST 

Dec 14 (Reuters) - Mckesson Corp ::MCKESSON MEDICAL-SURGICAL SAYS SIGNED EXCLUSIVE AGREEMENT WITH BIOMÉRIEUX INC TO SERVE U.S. COMMUNITY HOSPITAL MARKET​.MCKESSON MEDICAL-SURGICAL INC SAYS CERTAIN BIOMÉRIEUX PRODUCTS AND REAGENTS WILL NOW BE AVAILABLE THROUGH MCKESSON.  Full Article

Mckesson acquires RxCrossroads in a deal valued at $735 mln
Monday, 6 Nov 2017 04:16pm EST 

Nov 6 (Reuters) - Mckesson Corp ::Mckesson strengthens its portfolio of manufacturer solutions with the acquisition of RxCrossroads.Mckesson Corp - ‍transaction is valued at $735 million, or approximately $635 million net of present value of incremental cash tax benefits​.Mckesson Corp - ‍transaction will be funded by cash on hand​.Mckesson - ‍signed agreement to buy RxCrossroads from Cvs Health Corporation​.Mckesson Corp - ‍co expects impact of deal to be about 20 cents accretive to adjusted earnings per diluted share by third year following close of deal​.  Full Article

MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY
Monday, 30 Oct 2017 08:30am EDT 

Oct 30 (Reuters) - Mckesson ::MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY.‍AS PART OF SOLAR POWER PURCHASE AGREEMENT, SOLAR ARRAYS WILL BE INSTALLED AT MCKESSON DISTRIBUTION CENTER IN ROBBINSVILLE, NEW JERSEY​.ENTERED LONG-TERM AGREEMENT WITH NRG TO PURCHASE SOLAR POWER FROM SOLAR ARRAYS THAT NRG WILL INSTALL AT A MAJOR MCKESSON FACILITY​.‍NRG WILL WORK WITH CO TO DELIVER PROJECT FROM INITIAL PLANNING TO FINAL INSTALLATION, WHICH IS ESTIMATED TO BE FULLY OPERATIONAL IN 2018​.  Full Article

McKesson reports Q2 adjusted earnings per share $3.28
Thursday, 26 Oct 2017 07:00am EDT 

Oct 26 (Reuters) - McKesson Corp :McKesson reports fiscal 2018 second-quarter results.Sees FY 2018 adjusted earnings per share $11.80 to $12.50.Q2 adjusted earnings per share $3.28.Q2 GAAP earnings per share $0.01 from continuing operations.Q2 revenue $52.1 billion versus I/B/E/S view $51.73 billion.Sees FY 2018 GAAP earnings per share $4.80 to $6.90 from continuing operations.Q2 earnings per share view $2.80 -- Thomson Reuters I/B/E/S.McKesson Corp - ‍Paul Julian, executive vice president and group president, distribution solutions, will retire at close of calendar year​.McKesson Corp - ‍Q2 earnings per share included $2.41 of non-cash goodwill and other long-lived asset impairment charges and $0.19 of restructuring charges​.FY2018 earnings per share view $12.05 -- Thomson Reuters I/B/E/S.  Full Article

‍BIOLOGICS SAYS SELECTED BY ELI LILLY TO BE IN LIMITED DISTRIBUTION NETWORK FOR VERZENIO​
Wednesday, 11 Oct 2017 11:21am EDT 

Oct 11 (Reuters) - Biologics Inc::‍BIOLOGICS INC SAYS HAS BEEN SELECTED BY ELI LILLY AND COMPANY TO BE IN LIMITED DISTRIBUTION NETWORK FOR VERZENIO​.  Full Article

McKesson's Change Healthcare hires IPO underwriters: sources

Change Healthcare LLC, a healthcare technology company majority-owned by U.S. drug wholesaler McKesson Corp , has hired underwriters for an initial public offering that could value it at as much as $12 billion, including debt, people familiar with the matter said on Wednesday.