McKesson Corporation (NYSE:MCK) Q1 2025 Earnings Conference Call August 7, 2024 4:30 PM ET
Company Participants
Rachel Rodriguez - VP of Investor Relations
Brian Tyler - Chief Executive Officer
Britt Vitalone - Executive Vice President and Chief Financial Officer
Conference Call Participants
Eric Percher - Nephron Research
Stephen Baxter - Wells Fargo
Lisa Gill - JPMorgan
Michael Cherny - Leerink Partners
Allen Lutz - Bank of America Merrill Lynch
Stephanie Davis - Barclays
Elizabeth Anderson - Evercore ISI
Brian Tanquilut - Jefferies
Erin Wright - Morgan Stanley
Daniel Grosslight - Citi
Operator
Please stand by. Welcome to McKesson's First Quarter Fiscal 2025 Earnings Conference Call. Please be advised that today's conference is being recorded.
At this time, I would like to turn the call over to Rachel Rodriguez, VP of Investor Relations. Please go ahead.
Rachel Rodriguez
Thank you, Operator. Good afternoon and welcome everyone to McKesson's first quarter fiscal 2025 earnings call. Today I'm joined by Brian Tyler, our Chief Executive Officer, and Britt Vitalone, our Chief Financial Officer. Brian will lead off, followed by Britt, and then we will move to a question-and-answer session.
Today's discussion will include forward-looking statements such as forecasts about McKesson's operations and future results. Please refer to the cautionary statements in today's earnings release and presentation slides available on our website at investor.mckesson.com and to the Risk Factors section of our most recent annual and periodic SEC filings for additional information concerning risk factors that could cause our actual results to materially differ from those in our forward-looking statements.
Information about non-GAAP financial measures that we will discuss during this webcast, including a reconciliation of those measures to GAAP results, can be found in today's earnings release and presentation slides. Presentation slides also include a summary of our results for the quarter and updated guidance.
With that, let me turn it over to Brian.
Brian Tyler
Thank you, Rachel, and I'll extend my good afternoon to everyone as well. Thank you for joining our call today.
Earlier today, we reported first quarter company revenues of $79.3 billion, reflecting 6% growth year-over-year. Adjusted earnings per diluted share increased 8% to $7.88 above our original expectation. As a result of our performance in the first quarter, we're raising our guidance for full year adjusted earnings per diluted share from $31.25 to $32.05 to a new range of $31.75 to $32.55. The continued business growth and strong cash flow generation allow us to deliver on our commitment to our shareholders.