Cencora Raises Fiscal 2026 EPS Outlook, Authorizes $2 Billion Share Buyback

MT Newswires Live

05/22

Cencora (COR) raised its fiscal 2026 earnings outlook and authorized a new $2 billion share repurchase program.

The company expects adjusted EPS of $17.70 to $17.90, up from its prior forecast of $17.65 to $17.90. Analysts polled by FactSet project $17.76.

"Opportunistic share repurchases" in May support the plan to buy back $1 billion of common stock by the end of calendar 2026, the company said Thursday in a statement.

The board on Wednesday approved the additional $2 billion authorization, subject to market conditions.

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