Filing Flows › Cencora (COR) › Q4 FY24
Cencora (COR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
Cencora (COR) reported revenue of $79.1B for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +6% from the quarter before. Operating margin was 0.2%, net earnings $7.5M (0.0% of revenue).
Cencora, Q4 FY24: revenue $79.1B (+15% year over year), operating margin 0.2%, net earnings $7.5M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.1B | +6% | +15% |
| Gross profit | $2.5B | +3% | +11% |
| Operating profit | $127M | -81% | -73% |
| Net earnings | $7.5M | -98% | -98% |
| Operating cash flow | $1.0B | -60% | -45% |
| Free cash flow | $818M | -65% | -50% |
What changed
Revenue was $79.1B in Q4 FY24, up 15% year over year and up 6% from the previous quarter.
Gross margin was 3.2%, down 0.1 points from a year earlier. Operating profit was $0.13B, a 0.2% margin (down 0.5 points year over year). Operating profit fell $0.35B even though revenue rose $10.1B versus a year earlier, so costs grew faster than sales. Operating expenses grew 33% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+129%). Net earnings were $3.4M, down 99% year over year. The effective tax rate was 94.0%.
Operating cash flow was $1.0B (down 45% year over year), 13399% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.68B. Capital expenditures of $0.18B left free cash flow of $0.82B.
Questions
What was Cencora's revenue in the fourth quarter fiscal 2024?
Cencora (COR) reported revenue of $79.1B for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +6% from the quarter before.
Was Cencora profitable in the fourth quarter fiscal 2024?
Operating profit was $127M (0.2% of revenue) and net earnings $7.5M.
Source: Cencora 10-K on SEC EDGAR.