AmerisourceBergen Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported revenue of $38,169,265,000 against $36,709,046,000 a year ago. Operating income was $399,987,000 against loss of $178,136,000 a year ago. Income before income taxes was $363,138,000 against loss of $211,567,000 a year ago. Net income was $247,246,000 against $329,639,000 a year ago. Diluted earnings per share was $1.11 against $1.45 a year ago. Adjusted non-GAAP operating income was $486,195,000 against $476,819,000 a year ago. Adjusted non-GAAP income before income taxes was $451,594,000 against $445,571,000 a year ago. Adjusted non-GAAP net income was $302,028,000 against $291,270,000 a year ago. Adjusted non-GAAP diluted earnings per share was $1.36 against $1.27 a year ago. Net cash used in operating activities was $430,355,000 against net cash provided by operating activities $751,614,000 a year ago. Capital expenditures was $137,282,000 against $90,110,000 a year ago. Diluted earnings per share was down 23.4%, driven primarily by the decrease in net income.

The company expects revenues to be in the range of 6.5% to 8% growth over last fiscal year. Adjusted diluted EPS guidance has been raised from the previous expectation of $5.63 to $5.88 to a range of $5.72 to $5.92, reflecting growth of 2% to 5% versus last fiscal year.