Below, AmerisourceBergen presents descriptive summaries of the Companys GAAP and adjusted (non-GAAP) quarterly results. Operating expenses increased 29.2 percent primarily due to an increase in expenses as a result of the June 2021 acquisition of Alliance Healthcare. [email protected]. CONSHOHOCKEN, Pa.--(BUSINESS WIRE)-- Adjusted Non-GAAP % change vs. prior year. Chew gum. Decent holidays covered but definitely wish more. Federal holidays that fall on Saturday are celebrated on the preceding Friday and federal holidays that fall on Sunday will be celebrated on the following Monday. Adjusted gross profit increased by $1.8 billion, or 27.9 percent, from the prior fiscal year to $8.4 billion due to the increases in gross profit within International Healthcare Solutions, including the full year impact of the June 2021 Alliance Healthcare acquisition, and within U.S. Healthcare Solutions. Certain additional factors that management believes could cause actual outcomes and results to differ materially from those described in forward-looking statements are set forth (i) in Item 1A (Risk Factors), in the Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2021 and elsewhere in that report and (ii) in other reports filed by the Company pursuant to the Securities Exchange Act. 1 Includes tax expense relating to Swiss tax reform and a loss on the currency remeasurement of the related deferred tax assets, the latter of which is recorded within Other Income, Net. Adjusted diluted EPS guidance has been raised from the previous range of $10.50 to $10.80 to a range of $10.60 to $10.90. 2 The sum of the components does not equal the total due to rounding. From innovating new solutions, to seamlessly responding to unprecedented changes across the industry, our people actively create and test ideas to make a difference in the future of health. 1 Excludes $28.4 million of September 2022 purchases that cash settled in October 2022. Duration Between Two Dates - Calculates number of days. December 22, 2022, The Center for Biosimilars, Brian Biehn If you experience any issues with this process, please contact us for further assistance. If you experience any issues with this process, please contact us for further assistance. This page contains a national calendar of all 2022 federal and state holidays for the United States. Scroll down to view the national list or choose your province's calendar. (in thousands) This new wholesale marketplace enables pharmacies to purchase everything from food to health and wellness items to electronic accessories, giving sellers a powerful way to get their products into local communities. 41 overall on the 2022 list and sixth in the Health Care & Life Sciences Category. Early bird 5-night package $3,045.00, Standard pricing (after September 30, 2021) INDEPENDENCE DAY - MONDAY JULY 4,2022 -. Memorial Day. The Company is organized geographically based upon the products and services it provides to its customers. These dates may be modified as official changes are announced, so please check back regularly for updates. The Advanced Pharmacy Practice Experience Pharmacy Distribution Leadership Rotation course exposes students to the interconnectivity between pharmaceutical supply chain stakeholders such as distributors, manufacturers, and providers, and gives students an understanding of its essential role in the delivery of patient care. Net Loss 10 Mon . Package price includes hotel, meals, continuing education sessions, Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Current Customer Support in Orange, CA, California, Current Training Specialist in Conshohocken, PA, Pennsylvania. February. AmerisourceBergen Corp. employee benefits and perks data. Segment operating income of $729.5 million in the second quarter of fiscal 2022 was up 11.4 percent compared to the same period in the previous fiscal year as a result of an increase in gross profit, including fees earned relating to the distribution of government-owned COVID-19 treatments and gross profit on sales to specialty physician practices. https://www.businesswire.com/news/home/20220503006098/en/, Bennett S. Murphy Segment operating income in the second quarter of fiscal 2022 was $187.1 million, an increase of 260.8 percent, primarily due to the June 2021 acquisition of Alliance Healthcare. Monday, January 31 - Friday, February 4, 2022. Apply a clean soft washcloth rung out in warm water and apply firmly against the affected ear as needed throughout the day. Zrich Public Holidays 2022. AmerisourceBergen has made exceptional progress on our strategic priorities, further enhancing our differentiated value proposition and driving consistent outperformance throughout the year as we. Additionally, on May 2, 2022, the Company and the two other national pharmaceutical distributors reached an agreement to pay up to $518 million in a settlement with the State of Washington and participating subdivisions to resolve opioid-related claims, consistent with Washingtons allocations under the comprehensive settlement agreement, as well as certain attorneys fees and costs. . AmerisourceBergen Corporation is an American drug wholesale company that was formed by the merger of Bergen Brunswig and AmeriSource in 2001. (in thousands) 41 overall on Newsweek's 2022 list and sixth in the Health Care & Life Sciences category, with a Corporate Social Responsibility (CSR) score of 85.7 out of 100. Dec 30, 2021 10:53AM EST I nvestors in AmerisourceBergen Corp. (Symbol: ABC) saw new options begin trading today, for the February 2022 expiration. As a leading global healthcare company, with a foundation in pharmaceutical distribution and solutions for manufacturers, pharmacies and providers, we create unparalleled access, efficiency and reliability for human and animal health. Operating income increased 0.5 percent due to higher gross profit, which was largely offset by higher operating expenses. "As a global healthcare solutions leader, AmerisourceBergen is advancing pharmaceutical innovation and access to create a positive impact on the health of people and communities around the world," said Steven H. Collis, Chairman, President & Chief Executive Officer of AmerisourceBergen. Fiscal Year 2022 GAAP Diluted EPS of $8.04 and Adjusted Diluted EPS of $11.03. 1 Includes $60.7 million and $46.6 million of LIFO credits in the six months ended March 31, 2022 and 2021, respectively. Certain additional factors that management believes could cause actual outcomes and results to differ materially from those described in forward-looking statements are set forth (i) in Item 1A (Risk Factors), in the Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2021 and elsewhere in that report and (ii) in other reports filed by the Company pursuant to the Securities Exchange Act. ThoughtSpot 2022, the annual trade show hosted by AmerisourceBergen and, https://www.wearegnp.com/thoughtspot2022/thoughtspot2022-event-details. 17 Mon. Juneteenth is observed on June 19 each year commemorating the emancipation of the enslaved African Americans back in 1865. For the third time, AmerisourceBergen has been certified by Great Place to Work, a global authority on workplace culture. Coordination of stock transfers in conjunction with Procurement; Quarantining of product as required; Coordination and management of cycle counts and physical inventories for both Fourth Quarter Adjusted (non-GAAP) Results. View source version on businesswire.com: On the basis of U.S. generally accepted accounting principles (GAAP), diluted earnings per share (EPS) was $1.40 for the September quarter of fiscal 2022, compared to $2.08 in the prior year quarter. The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by the federal securities laws. 1. 04 Mon. To supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses the non-GAAP financial measures described below. Note: For more information related to non-GAAP financial measures, refer to the section titled "Supplemental Information Regarding Non-GAAP Financial Measures" of this release. AmerisourceBergen is updating its outlook for fiscal year 2022. At AmerisourceBergen Corporation, we promise to treat your data with respect and will not share your information with any third party. 30 Mon. Attributable to What benefits does AmerisourceBergen offer? At Stock Options Channel, our YieldBoost. Yes had holidays closures we always had nurses on call for a holidays Related questions: Our aim is to create a positive work environment where everyone can thrive and find opportunities to grow, learn, and pursue their passions while contributing to our purpose to create healthier futures. [email protected]. U.S. Healthcare Solutions consists of the legacy Pharmaceutical Distribution Services reportable segment (excluding Profarma), MWI Animal Health, Xcenda, Lash Group, and ICS 3PL. ST. The Companys previously reported segment results have been revised to conform to its re-aligned reporting structure. Adjusted diluted EPS, which is a non-GAAP measure that excludes items described below, increased 27.3 percent to $3.22 in the fiscal second quarter. AmerisourceBergen offers paid holidays for employees. Comprehensive list of National and Regional Public Holidays that are celebrated in Zurich, Switzerland during 2022 with dates and information on the origin and meaning of holidays. These dates may be modified as official changes are announced, so please check back regularly for updates. Glassdoor is your resource for information about the Paid Holidays benefits at AmerisourceBergen. March 31, 2022, Six The period over period declines were due to the negative impact of foreign currency translation resulting from our Alliance Healthcare business. You must click the activation link in order to complete your subscription. Includes a $64.7 million gain on the remeasurement of an equity investment, a $14.0 million impairment of a non-customer note receivable, and a $3.4 million loss on the currency remeasurement of deferred tax assets relating to Swiss tax reform in the fiscal year ended September 30, 2021. Among the factors that could cause actual results to differ materially from those projected, anticipated, or implied are the following: the effect of and uncertainties related to the ongoing COVID-19 pandemic (including any government responses thereto) and any continued recovery from the impact of the COVID-19 pandemic; our ability to achieve and maintain profitability in the future; our ability to respond to general economic conditions; our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; the impact on our business of the regulatory environment and complexities with compliance; unfavorable trends in brand and generic pharmaceutical pricing, including in rate or frequency of price inflation or deflation; competition and industry consolidation of both customers and suppliers resulting in increasing pressure to reduce prices for our products and services; changes in the United States healthcare and regulatory environment, including changes that could impact prescription drug reimbursement under Medicare and Medicaid and declining reimbursement rates for pharmaceuticals; increasing governmental regulations regarding the pharmaceutical supply channel; continued federal and state government enforcement initiatives to detect and prevent suspicious orders of controlled substances and the diversion of controlled substances; continued prosecution or suit by federal and state governmental entities and other parties (including third-party payors, hospitals, hospital groups and individuals) of alleged violations of laws and regulations regarding controlled substances, and any related disputes, including shareholder derivative lawsuits; increased federal scrutiny and litigation, including qui tam litigation, for alleged violations of laws and regulations governing the marketing, sale, purchase and/or dispensing of pharmaceutical products or services, and associated reserves and costs; failure to comply with the Corporate Integrity Agreement; the outcome of any legal or governmental proceedings that may be instituted against us, including material adverse resolution of pending legal proceedings; the retention of key customer or supplier relationships under less favorable economics or the adverse resolution of any contract or other dispute with customers or suppliers; changes to customer or supplier payment terms, including as a result of the COVID-19 impact on such payment terms; the integration of the Alliance Healthcare businesses into the Company being more difficult, time consuming or costly than expected; the Companys or Alliance Healthcares failure to achieve expected or targeted future financial and operating performance and results; the effects of disruption from the acquisition and related strategic transactions on the respective businesses of the Company and Alliance Healthcare and the fact that the acquisition and related strategic transactions may make it more difficult to establish or maintain relationships with employees, suppliers and other business partners; the acquisition of businesses, including the acquisition of the Alliance Healthcare businesses and related strategic transactions, that do not perform as expected, or that are difficult to integrate or control, or the inability to capture all of the anticipated synergies related thereto or to capture the anticipated synergies within the expected time period; risks associated with the strategic, long-term relationship between Walgreens Boots Alliance, Inc. and the Company, including with respect to the pharmaceutical distribution agreement and/or the global generic purchasing services arrangement; managing foreign expansion, including non-compliance with the U.S. Foreign Corrupt Practices Act, anti-bribery laws, economic sanctions and import laws and regulations; our ability to respond to financial market volatility and disruption; changes in tax laws or legislative initiatives that could adversely affect the Company's tax positions and/or the Company's tax liabilities or adverse resolution of challenges to the Company's tax positions; the loss, bankruptcy or insolvency of a major supplier, or substantial defaults in payment, material reduction in purchases by or the loss, bankruptcy or insolvency of a major customer, including as a result of COVID-19; financial and other impacts of COVID-19 on our operations or business continuity; changes to the customer or supplier mix; malfunction, failure or breach of sophisticated information systems to operate as designed, and risks generally associated with cybersecurity; risks generally associated with data privacy regulation and the international transfer of personal data; financial and other impacts of macroeconomic and geopolitical trends and events, including the unfolding situation in Russia and Ukraine and its regional and global ramifications; natural disasters or other unexpected events, such as additional pandemics, that affect the Companys operations; the impairment of goodwill or other intangible assets (including any additional impairments with respect to foreign operations), resulting in a charge to earnings; the Company's ability to manage and complete divestitures; the disruption of the Company's cash flow and ability to return value to its stockholders in accordance with its past practices; interest rate and foreign currency exchange rate fluctuations; declining economic conditions in the United States and abroad; and other economic, business, competitive, legal, tax, regulatory and/or operational factors affecting the Company's business generally. AmerisourceBergen offers paid holidays, which may vary by location, business unit and worker status. 01 Sat. 20 Mon. AmerisourceBergen announced the establishment of AB Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with emerging healthcare startup companies working to transform healthcare for people and animals globally. Therefore, the Company believes that the presentation of non-GAAP financial measures provides useful supplementary information to, and facilitates additional analysis by, investors. (unaudited), Net Income Attributable to Noncontrolling Interests, Gains from antitrust litigation settlements, Acquisition-related intangibles amortization, Gain on remeasurement of equity investment, Adjusted Non-GAAP % change vs. prior year quarter. By providing your email address below, you are providing consent to AmerisourceBergen Corporation to send you the requested investor email alerts updates. Memorial Day May 29, is in 149 days. Early bird 3-night package $1,827.00 Similarly, the timing and amount of favorable and unfavorable settlements, the probable significance of which cannot be determined, are unavailable and cannot be reasonably estimated. 1 Includes tax expense relating to Swiss tax reform and a loss on the currency remeasurement of the related deferred tax assets, the latter of which is recorded within Other Loss (Income), Net. Conshohocken, Pa. - AmerisourceBergen, a global healthcare company, has been named one of "America's Most Responsible Companies" by Newsweek magazine. March 31, 2022, Three Canada Public Holidays 2022 This page contains a national calendar of all 2022 public holidays for Canada. ", "Our strong results in the first half of the year and updated fiscal 2022 guidance reflect the commitment and achievements of our 42,000 purpose-driven team members as we continue to deliver on our strategic imperatives," Mr. Collis continued. AmerisourceBergen offers paid holidays, which may vary by location, business unit and worker status. Labor Day. Noncontrolling Our leading capabilities in pharmaceutical distribution and manufacturer solutions enable us to play our core role in advancing pharmaceutical innovation and access, said Steven H. Collis, Chairman, President & Chief Executive Officer of AmerisourceBergen. Please refer to the Supplemental Information Regarding Non-GAAP Financial Measures following the tables for additional information. The past year's Revenue Per Employee was at 5.42 Million. NON-GAAP FINANCIAL MEASURES. Sunday, Dec 18, 2022. You can sign up for additional alert options at any time. (July 1, 2022 - June 30, 2023) The University of Kentucky observes the following holidays, except where continuous service is essential, in accordance with UK Human Resources Policies and Procedures #83.0 - Holiday Leave.In order to qualify for university holiday leave, including Christmas and New Year's Day, an employee must be in a paid status the scheduled days before and the day after . Native American tribes reach a tentative opioid settlement with J&J and distributors 21 Mon. Health Economics, Market Access & Regulatory Consulting, Patient Access, Affordability & Adherence Services, Global Storage, Transport & Outsourced Logistics. It does NOT include hotel accommodations. CLOSED1 DAY DELAY ALL WEEK. Months Ended We recognize that our work is essential in advancing the treatment and prevention of COVID-19 and are dedicated to supporting our associates, customers, partners and patients at this critical time. Good Neighbor Pharmacy, AmerisourceBergens nationwide network of independent community pharmacies, has exceeded 5 million COVID-19 vaccine doses allocated to independent pharmacies across the U.S. They also distribute a line of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products and home health care supplies . Includes a $203.0 million LIFO credit and $168.8 million of gains from antitrust litigation settlements in the fiscal year ended September 30, 2021. These amounts are calculated by translating current period results at the foreign currency exchange rates used in the comparable period in the prior year. AmerisourceBergen announced the launch of a supply chain elective course at Xavier University of Louisianas College of Pharmacy, a top-ranked historically Black university. 6:30pm Closing night party. The telephone replay will also be available approximately one hour after the completion of the call and will remain available for seven days. 7/3: Open ; Open : Open . We are committed to enabling a high-performance culture and supporting our team members ability to live with purpose every day. DELIVER- Innovative Shipping Solutions for Less ; Author: Craig Perkins Created Date: Below, AmerisourceBergen presents descriptive summaries of the Companys GAAP and adjusted (non-GAAP) quarterly and fiscal year results. In addition, the Company updated its non-GAAP fiscal year 2022 guidance for diluted earnings per share and operating income, and has previously provided non-GAAP fiscal year 2022 guidance for adjusted free cash flow and effective income tax rate. Visit our . CLOSED1 DAY DELAY ALL WEEK. This allocation effort is a part of the Federal Retail Pharmacy Program for COVID-19 Vaccination, a collaboration between the Federal Government, U.S. states and territories, and 21 national pharmacy partners, which includes Good Neighbor Pharmacy. From outside the United States, dial +44 (204) 525-0658. HOLIDAY DAY DATE OVERNIGHT SAMEDAY SCHEDULED Memorial Day Monday 5/31 Closed Open Closed Independence Day . Revenue increased 11.5 percent to $238.6 billion for the fiscal year. The telephone replay will also be available approximately two hours after the completion of the call and will remain available for seven days. CONDENSED CONSOLIDATED BALANCE SHEETS The presented non-GAAP financial measures exclude items that management does not believe reflect the Companys core operating performance because such items are outside the control of the Company or are inherently unusual, non-operating, unpredictable, non-recurring, or non-cash. 1 Represents an adjustment of discrete tax benefits primarily attributable to the income tax deductions resulting from the permanent shutdown of the PharMEDium business. Day Date Holiday Name Type Comments; Saturday: Jan 01: AmerisourceBergen Reports Fiscal 2022 Fourth Quarter and Year End Results. (unaudited), AMERISOURCEBERGEN CORPORATION International Healthcare Solutions consists of Alliance Healthcare, World Courier, Innomar, Profarma, and Profarma Specialty (until it was divested in June 2022). ThoughtSpot 2022, the annual trade show hosted by AmerisourceBergen and Good Neighbor Pharmacy, will be held at the Orlando World Center Marriott in Orlando, Florida, from July 20 - 24. Robert P. Mauch was appointed Executive Vice President and Chief Operating Officer effective October 1, 2022. The non-GAAP financial measures are presented because management uses non-GAAP financial measures to evaluate the Companys operating performance, to perform financial planning, and to determine incentive compensation. State agency employees are entitled to a paid day off from work on a national, state, and skeleton crew holiday that the State observes as outlined in Texas Government Code, Chapter 662. Choose your province or territory Most viewed holidays today: Labor Day . 1 Includes tax expense relating to Swiss tax reform and a gain on the currency remeasurement of the related deferred tax assets, which is recorded within Other (Income) Loss, Net. 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