McKesson Reaffirms Fiscal 2016 Guidance
June 24 2015 - 8:00AM
Business Wire
McKesson Corporation (NYSE:MCK) today reaffirmed its earnings
guidance for the fiscal year ending March 31, 2016 and the
underlying key assumptions provided in its press release of May 12,
2015.
McKesson is hosting its Investor Day today in Boston,
Massachusetts. A webcast of the presentation is available through
McKesson’s website, www.mckesson.com, live from 9:00 AM to 1:00 PM
ET today and on replay afterwards. Shareholders are encouraged to
review McKesson’s SEC reports, which are available at
www.mckesson.com under the “Investors” tab.
Risk Factors
Except for historical information contained in this press
release, matters discussed may constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, that involve risks and uncertainties that could cause
actual results to differ materially from those projected,
anticipated or implied. These statements may be identified by their
use of forward-looking terminology such as “believes”, “expects”,
“anticipates”, “may”, “will”, “should”, “seeks”, “approximately”,
“intends”, “plans”, “estimates” or the negative of these words or
other comparable terminology. The discussion of financial trends,
strategy, plans or intentions may also include forward-looking
statements. It is not possible to predict or identify all such
risks and uncertainties; however, the most significant of these
risks and uncertainties are described in the company’s Form 10-K,
Form 10-Q and Form 8-K reports filed with the Securities and
Exchange Commission and include, but are not limited to: changes in
the U.S. healthcare industry and regulatory environment; managing
foreign expansion, including the related operating, economic,
political and regulatory risks; changes in the Canadian healthcare
industry and regulatory environment; exposure to European economic
conditions, including recent austerity measures taken by certain
European governments; changes in the European regulatory
environment with respect to privacy and data protection
regulations; foreign currency fluctuations; the company’s ability
to successfully identify, consummate, finance and integrate
acquisitions; the company’s ability to manage and complete
divestitures; material adverse resolution of pending legal
proceedings; competition; substantial defaults in payment or a
material reduction in purchases by, or the loss of, a large
customer or group purchasing organization; the loss of government
contracts as a result of compliance or funding challenges; public
health issues in the U.S. or abroad; malfunction, failure or breach
of sophisticated internal information systems to perform as
designed; cyber attacks or other privacy and data security
incidents; the adequacy of insurance to cover property loss or
liability claims; the company’s failure to attract and retain
customers for its software products and solutions due to
integration and implementation challenges, or due to an inability
to keep pace with technological advances; the company’s proprietary
products and services may not be adequately protected, and its
products and solutions may be found to infringe on the rights of
others; system errors or failure of our technology products and
solutions to conform to specifications; disaster or other event
causing interruption of customer access to data residing in our
service centers; the delay or extension of our sales or
implementation cycles for external software products; changes in
circumstances that could impair our goodwill or intangible assets;
new or revised tax legislation or challenges to our tax positions;
general economic conditions, including changes in the financial
markets that may affect the availability and cost of credit to the
company, its customers or suppliers; changes in accounting
principles generally accepted in the United States of America; and
withdrawal from participation in multiemployer pension plans or if
such plans are reported to have underfunded liabilities. The reader
should not place undue reliance on forward-looking statements,
which speak only as of the date they are first made. Except to the
extent required by law, the company undertakes no obligation to
publicly release the result of any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof, or to reflect the occurrence of unanticipated
events.
About McKesson Corporation
McKesson Corporation, currently ranked 11th on the FORTUNE 500,
is a healthcare services and information technology company
dedicated to making the business of healthcare run better. McKesson
partners with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to
build healthier organizations that deliver better care to patients
in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions
that include pharmaceutical and medical-surgical supply management,
healthcare information technology, and business and clinical
services. For more information, visit www.mckesson.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150624005401/en/
McKesson CorporationErin Lampert, 415-983-8391 (Investors and
Financial Media)Erin.Lampert@McKesson.comKris Fortner, 415-983-8352
(General and Business Media)Kris.Fortner@McKesson.com
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