Shares declined 1.3% following earnings despite reported volume growth and margin expansion, signaling investor caution over the modest tariff refund benefit and elevated SG&A expenses amid ongoing investments.
- Total company revenue reached $63.7 billion, up 6% driven primarily by Pharmaceutical and Specialty Solutions and growth businesses.
- Gross profit increased 16% to $2.6 billion, outpacing SG&A growth of 9.5%, which included acquisitions and investment in automation and technology.
- Operating income rose 30% to $935 million, supported by a one-time $100 million net benefit from IEEPA tariff refunds in the Global Medical Products and Distribution segment.
- Adjusted diluted EPS increased 40% to $2.91, with approximately $0.31 attributable to the nonrecurring tariff refund.
- Generated $5 billion in adjusted free cash flow for the year and repurchased $1.35 billion of shares, exceeding prior commitments.
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