Two drug distributors announced increased revenues for their quarters ending June 30, 2008.
San Francisco, CA-based McKesson Corp. reported first-quarter revenues of $26.7 billion, an increase of 9% over the same period a year ago. Profit remained stable at $235 million.
In the Distribution Solutions segment, U.S. pharmaceutical revenues increased 16% while warehouse sales declined 8% for the quarter. Canadian revenues were up 27%, primarily due to new and expanded distribution contracts and a favorable currency impact of 10%. Medical-Surgical distribution revenues were up 6% for the quarter.
Technology Solutions had a revenue increase of 2% for the quarter.
AmerisourceBergen, Valley Forge, PA, announced revenue for third quarter 2008 …
Drug Distributor Earnings: McKesson and AmerisourceBergen
Two drug distributors announced increased revenues for their quarters ending June 30, 2008.
San Francisco, CA-based McKesson Corp. reported first-quarter revenues of $26.7 billion, an increase of 9% over the same period a year ago. Profit remained stable at $235 million.
In the Distribution Solutions segment, U.S. pharmaceutical revenues increased 16% while warehouse sales declined 8% for the quarter. Canadian revenues were up 27%, primarily due to new and expanded distribution contracts and a favorable currency impact of 10%. Medical-Surgical distribution revenues were up 6% for the quarter.
Technology Solutions had a revenue increase of 2% for the quarter.
AmerisourceBergen, Valley Forge, PA, announced revenue for third quarter 2008 …
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