• Disability:IN announced that Cencora earned the recognition of a "Best Place to Work for Disability Inclusion" for the second year in a row based on the company's score on the Disability Equality Index. | --- | --- | |-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Financial highlights & fiscal 2024 guidance | | • Adj ...

Cencora (COR) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $2.92 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.03%. A quarter ago, it was expected that this prescription drug distributor would post earnings of $3.65 per share when it actually produced earnings of $3.80, delivering a surprise of 4.11%. Over the last four quarters, ...

Exhibit 99.1 Press Release CENCORA REPORTS FISCAL 2024 THIRD QUARTER RESULTS Revenue of $74.2 billion for the Third Quarter, a 10.9 Percent Increase Year-Over-Year Third Quarter GAAP Diluted EPS of $2.42 and Adjusted Diluted EPS of $3.34 Adjusted Diluted EPS Guidance Range Raised to $13.55 to $13.65 for Fiscal 2024 CONSHOHOCKEN, PA, July 31, 2024 - Cencora, Inc. (NYSE: COR) today reported that in its fiscal year 2024 third quarter ended June 30, 2024, revenue increased 10.9 percent year-over-year to $74.2 b ...

The second-quarter 2024 earnings season has just begun for the Medical sector (one of the 16 broad Zacks sectors within the Zacks Industry classification), with several MedTech players ready to release their quarterly results. The latest Earnings Trends indicates that 16.9% of the companies in the Medical sector, constituting nearly 33.8% of the sector's market capitalization, reported earnings until Jul 24. All reported companies beat on their respective earnings and revenues. Earnings increased 4.2% year ...

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In the last reported quarter, the company delivered an earnings surprise of 4.11%. Its earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 6.12%. The Zacks Consensus Estimate for revenues is pegged at $73.58 billion, indicating an improvement of 9.9% from the top line reported in the prior-year quarter. The consensus mark for earnings is pinned at $3.18 per share, implying growth of 8.9% from the year-ago quarter's recorded number. Sustained strong growth in spec ...

This prescription drug distributor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.40%. For Cencora, estimates have been trending higher, thanks in part to this earnings surprise history. And when you The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related ...

Core Insights - LYTENAVA™ (bevacizumab gamma) has received marketing authorization from the UK MHRA for the treatment of wet AMD, following similar approval from the European Commission [2][3][11] - The commercial launch of LYTENAVA™ in the EU and UK is anticipated in the first calendar quarter of 2025 [2][4][11] - Outlook Therapeutics has formed a strategic partnership with Cencora to support the commercial launches, providing comprehensive services including pharmacovigilance and market access support [5][6][11] Company Overview - Outlook Therapeutics is focused on the development and commercialization of ONS-5010/LYTENAVA™ for retinal diseases, specifically wet AMD [11] - LYTENAVA™ is the first authorized ophthalmic formulation of bevacizumab for treating wet AMD in the EU and UK [2][11] - In the United States, LYTENAVA™ is still under investigation and is being evaluated in a non-inferiority study for wet AMD [9][11] Regulatory Milestones - The marketing authorization application to the MHRA was completed under the new International Recognition Procedure, allowing reliance on the European Medicines Agency's positive opinion [3] - The approval from the MHRA is seen as a significant milestone for Outlook Therapeutics, paving the way for the expected commercial launch [5][4] Strategic Partnerships - Cencora will assist in the launch of LYTENAVA™ by providing services such as regulatory affairs, quality management, and distribution [6][12] - The collaboration aims to ensure timely and reliable access to LYTENAVA™ for healthcare providers and patients [6][12]

Company Performance - Cencora's shares have risen 11% year to date, outperforming the industry growth of 4.1% and the S&P 500 Index increase of 15.2% in the same period [1] - Cencora's shares lost 3.9% on June 27, followed by a further 1.3% decline in after-hours trading, attributed to the invalidation of a previously-settled opioid litigation by the Supreme Court and concerns over the retail pharmacy market [11] Legal and Regulatory Environment - The recent Supreme Court ruling invalidated a $6 billion settlement related to Purdue Pharma, which would have protected the Sackler family from future financial claims, potentially allowing families affected by the opioid crisis to pursue legal claims [2][8] - Four states opted out of the national settlement in 2021, continuing their legal battles against opioid-related entities [3] - The invalidation of the settlement raises concerns for further court rulings in favor of opioid-abuse victims, impacting companies like Cencora, McKesson, and Cardinal Health [12] Market Dynamics - Walgreens Boots, Cencora's largest customer, experienced a more than 22% decline in share price on June 27, which is expected to reflect in Cencora's third-quarter fiscal 2024 results [4] - The stock decline for Cencora is likely linked to rising concerns regarding opioid-abuse litigation and assumed weakness in the retail pharmacy market following lower-than-expected results from Walgreens Boots [9] Financial Implications - Cencora, along with McKesson, Johnson & Johnson, and Cardinal Health, has set aside reserves to meet the multi-year $26 billion settlement related to the opioid crisis, and any invalidation of this settlement may increase their financial burden and legal expenses [13] - The shares of other related companies, such as McKesson and Cardinal Health, also declined by 1.1% and 1.5%, respectively, on June 27 due to the same legal and market pressures [14] Future Outlook - Cencora has the potential for a turnaround due to its multinational distribution footprint and global commercialization services, which position it as a natural partner for manufacturers [6] - Improving patient access to medical care, enhanced economic conditions, and favorable population demographics are expected to benefit the pharmaceutical segment in upcoming quarters [6]

1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Investment Update Since my last publication on Cencora (NYSE:COR) shares have continued to advance and now trade 13% higher. This marks a substantial gain from the original buy thesis I presented on COR in 2023. Analysts in a Bernstein-Societe Generale rated COR a high-quality stock with high ROIC trading at sensible valuations in a recent analysis. This is exactly the sentiment I have held with COR since day on, and this has not changed. Earning ...