PharMerica Earnings: Everything You Must Know Now

PharMerica Corporation (NYSE:PMC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

PharMerica Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 37.5% to $0.44 in the quarter versus EPS of $0.32 in the year-earlier quarter.

Revenue: Decreased 6.04% to $430.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: PharMerica Corporation reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $414.15 million.

Quoting Management: Greg Weishar, PharMerica Corporation’s Chief Executive Officer, said, “This quarter’s results continue the strong operating performance we realized last quarter. On a sequential quarter basis, the Company maintained its record setting first quarter 2013 quarterly gross margin percent of 19.2%. Adjusted EBITDA margin was equally strong at 7.8%; just shy of the 7.9% record we established last quarter. Moreover, on a year over year basis, Adjusted EBITDA increased 26% to $33.7 million and Adjusted EBITDA margin increased 200 basis points to 7.8%.”

Key Stats (on next page)…

Revenue decreased 2.05% from $439.8 million in the previous quarter. EPS decreased 4.35% from $0.46 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.32. For the current year, the average estimate has moved up from a profit of $1.41 to a profit of $1.49 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)