Cencora, Inc. (NYSE:COR) Q1 2024 Earnings Conference Call January 31, 2024 8:30 AM ET
Company Participants
Bennett Murphy - SVP, Head IR & Treasury
Steve Collis - Chairman, President & CEO
Jim Cleary - EVP & CFO
Conference Call Participants
Stephanie Davis - Barclays
Lisa Gill - JPMorgan
Eric Percher - Nephron Research
Daniel Grosslight - Citibank
Elizabeth Anderson - Evercore ISI
Allen Lutz - Bank of America
Erin Wright - Morgan Stanley
Charles Rhyee - TD Cowen
Eric Coldwell - Baird
George Hill - Deutsche Bank
Operator
Hello, and welcome to the Cencora's First Quarter 2024 Earnings Conference Call. My name is Lisa and I'll be the Chorus call operator for your call today. [Operator Instructions].
I would now like to turn the call over to Bennett Murphy, SVP, Head of Investor Relations and Treasury. The floor is yours. Please begin.
Bennett Murphy
Good afternoon, and thank you all for joining us for this conference call to discuss Cencora's fiscal 2024 first quarter results. I am Bennett Murphy, Senior Vice President, Head of Investor Relations and Treasury. Joining me today are Steve Collis, Chairman, President and CEO; and Jim Cleary, Executive Vice President and CFO.
On today's call, we'll be discussing non-GAAP financial measures. Reconciliations of these measures to GAAP are provided in today's press release, which is available on our website at investor.cencora.com. We have also posted a slide presentation to accompany today's press release on our investor website.
During this conference call, we will make forward-looking statements about our business and financial expectations on an adjusted non-GAAP basis, including, but not limited to, EPS, operating income and income taxes. Forward-looking statements are based on management's current expectations and are subject to uncertainty and change.
For a discussion of key risks and assumptions, we refer you to today's press release and our SEC filings, including our most recent 10-K. Cencora assumes no obligation to update any forward-looking statements, and this call cannot be rebroadcast without the expressed permission of the company. You'll have an opportunity to ask questions after today's remarks by management. We ask you to limit your questions to one per participant in order for us to get to as many as possible within the hour.
With that, I will turn the call over to Steve.
Steve Collis
Thank you, Bennett. Good morning, and good afternoon to everyone on the call. Cencora delivered an exceptional start to fiscal 2024 with revenue up 15% year-over-year to over $72 billion in the quarter and adjusted earnings per share up 21% year-over-year. Given our continued performance and execution, including our strong first quarter results, I am pleased that we are able to raise our fiscal 2024 full year guidance.