Categories Earnings, Health Care

Earnings Summary: A snapshot of McKesson Corporation’s Q1 2024 report

McKesson Corporation (NYSE: MCK), a diversified healthcare service company that operates in partnership with biopharma companies, care providers, pharmacies, and governments, on Wednesday reported financial results for the first quarter of 2024.

  • Total revenues came in at $74.5 billion in the first three months of 2024, up 11% year-over-year
  • Earnings per share from continuing operations was $7.02 in Q1, compared to $5.25 last year
  • Adjusted earnings per share increased 25% year-over-year to $7.27
  • McKesson’s board of directors approved a $6.0 billion increase to the company’s share repurchase program
  • For fiscal 2024, the management expects adjusted earnings per share to be between $26.55 and $27.35

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