Cencora
0HF3.L
$353.19 2.15%
Exchange: LSE | Sector: Healthcare | Industry: Medical Distribution
Q3 2024
Published: Jul 31, 2024

Earnings Highlights

  • Revenue of $74.24B up 7.7% year-over-year
  • EPS of $2.42 increased by 41% from previous year
  • Gross margin of 2.8%
  • Net income of 483.46M
  • ""We are strategically positioned to navigate the complexities of the healthcare landscape, ensuring robust distribution solutions for our partners."" - CEO

Cencora (0HF3.L) Q3 2024 Financial Results: Strong Growth in Net Income with Strategic Positioning for Future Opportunities

Executive Summary

Cencora (0HF3.L) showcased a robust performance in Q3 2024, achieving revenue of $74.24 billion, reflecting an 8.52% increase quarter-over-quarter (QoQ) and 7.72% year-over-year (YoY). Despite challenges in gross profit driven by higher costs, the company demonstrated an impressive 37.91% surge in net income, amounting to $483.46 million, supported by effective cost management and strategic market positioning. Management emphasized their commitment to expanding operations in both domestic and international pharmaceutical distribution, enhancing service capabilities, which positions them well against competitive pressures in the industry.

Key Performance Indicators

Revenue

74.24B
QoQ: 8.52% | YoY:7.72%

Gross Profit

2.09B
2.81% margin
QoQ: -7.93% | YoY:-5.62%

Operating Income

703.37M
QoQ: -19.84% | YoY:30.07%

Net Income

483.46M
QoQ: 14.90% | YoY:37.91%

EPS

2.44
QoQ: 15.64% | YoY:41.04%

Revenue Trend

Margin Analysis

Key Insights

Revenue: $74.24 billion, YoY Growth: 7.72%, QoQ Growth: 8.52%. Gross Profit: $2.09 billion, YoY Decline: 5.62%, QoQ Decline: 7.93%. Operating Income: $703.37 million, YoY Growth: 30.07%, QoQ Decline: 19.84%. Net Income: $483.46 million, YoY Growth: 37.91%, QoQ Growth: 14.90%. EPS: $2.44, YoY Growth: 41.04%, QoQ Growth: 15.64%. These shifts indicate a strong bottom line performance despite increased operational challenges and highlight management's effective cost controls amid fluctuating ...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 80,663.53 3.52 +8.7% View
Q2 2025 75,453.67 3.68 +10.3% View
Q1 2025 81,487.06 2.50 +12.8% View
Q4 2024 79,050.11 0.02 +14.7% View
Q3 2024 74,241.35 2.42 +7.7% View