McKesson Remains on Track for a Solid 2018; Solid Long-Term Fundamentals Drive the Firm
McKesson reported somewhat of a mixed first quarter, as profit was down because of a few different factors. The main headwind stemmed from a retooling of contracts with two specific branded manufacturers. Management stated that they have renegotiated these buy-side agreements to skew more toward fixed versus variable compensation. We believe this will benefit McKesson over the longer term and prevent some of the issues it has faced over the last fiscal year from developing in the future. These r...McKesson provides pharmaceuticals and medical supplies and services to its customers. The company's segments include: U.S. Pharmaceutical and Specialty Solutions, which provides distribution and logistics services for branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs and other healthcare-related products to customers; European Pharmaceutical Solutions, which provides distribution and services to wholesale, institutional and retail customers in European countries where it owns, partners or franchises with retail pharmacies; and Medical-Surgical Solutions, which delivers medical-supply distribution, logistics, biomedical and other services to healthcare providers.
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