McKesson Corporation reported a significant increase in financial performance for the fiscal year ending March 31, 2025, with total revenues reaching $359.1 billion, a 16% increase from $309.0 billion in the previous year. The company's gross profit also rose to $13.3 billion, up from $12.8 billion, while diluted earnings per share from continuing operations increased to $25.72, compared to $22.39 in fiscal 2024. This growth was primarily driven by higher volumes in the U.S. Pharmaceutical segment, particularly from retail national account customers and specialty pharmaceuticals, despite some offset from branded to generic drug conversions.
The fiscal year saw notable strategic developments, including the completion of the sale of McKesson's Canadian retail disposal group, which resulted in a $667 million charge for remeasurement to fair value. Additionally, the company announced its intention to separate its Medical-Surgical Solutions segment into an independent entity. McKesson also onboarded a new strategic partner within its U.S. Pharmaceutical segment and completed the acquisition of a controlling interest in PRISM Vision Holdings, LLC, a provider of ophthalmology services.
Operationally, McKesson's U.S. Pharmaceutical segment generated $327.7 billion in revenue, an 18% increase year-over-year, while the Prescription Technology Solutions segment saw a 9% rise in revenue to $5.2 billion. The Medical-Surgical Solutions segment reported a modest 1% increase in revenue, totaling $11.4 billion, and the International segment's revenue grew by 4% to $14.7 billion, despite foreign currency exchange fluctuations. The company maintained a workforce of approximately 45,000 employees globally, with a focus on enhancing operational efficiencies and investing in technology.
Looking ahead, McKesson anticipates continued growth driven by market demand and strategic initiatives. The company is committed to improving operational efficiencies and leveraging technology to enhance service delivery. However, it also faces challenges, including ongoing opioid-related litigation, which has resulted in an estimated liability of $6.4 billion as of March 31, 2025. The company remains focused on navigating these legal challenges while pursuing its growth objectives and maintaining a strong financial position.
About MCKESSON CORP
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