Healthcare
Medical Distribution
$72.48B
51K
Key insights and themes extracted from this filing
Revenues increased to $80.9 billion, a 15% increase compared to $70.5 billion in the prior year quarter, primarily driven by market growth within the U.S. Pharmaceutical segment, including higher volumes from retail national account customers and growth in specialty pharmaceuticals.
Gross profit margin decreased to 3.90%, a 60 bps decline compared to 4.50% in the prior year quarter, driven by the divestiture of the E.U. disposal group within the International segment, partially offset by growth of specialty pharmaceuticals and increased contributions from generics programs.
Net income attributable to McKesson Corporation decreased to $589 million, a 45% decrease compared to $1.1 billion in the prior year quarter, primarily due to lower gross profit margin and higher operating expenses.