McKesson Corporation

McKesson Reports Fiscal 2009 Fourth-Quarter and Full-Year Results

Published in Health Business Week, May 22nd, 2009

McKesson Corporation (NYSE:MCK) reported that revenues for the fourth quarter ended March 31, 2009 were $26.2 billion compared to $26.2 billion a year ago. Fourth-quarter earnings per diluted share was $1.01 compared to $1.05 per diluted share a year ago. Last year’s earnings included one cent per diluted share from discontinued operations.

Fourth-quarter earnings were impacted by a non-cash, pre-tax impairment charge of $63 million ($60 million after-tax), or approximately 22 cents per diluted share. The charge, which is recorded within the Distribution Solutions segment, is primarily related to our 39% equity investment in Parata Systems, LLC.

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Source: Health Business Week (2009-05-22)

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