Cencora raises FY24 adjusted EPS view to $13.35-$13.55 from $13.30-$13.50

FY24 consensus $13.44. Cencora is also raising its fiscal year 2024 adjusted diluted earnings per share guidance to $13.35-$13.55, up from the previous range of $13.30-$13.50, to reflect a lower weighted average diluted share count, partially offset by higher net interest expense due to lower investment balances as a result of cash being used for share repurchases. This transaction is an example of the company’s opportunistic approach to share repurchases and the company will now have completed approximately $550M of share repurchases in the month of May.