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Cencora Sets $1 Billion U.S. Distribution Expansion, Issues Upbeat 2026 EPS Outlook

The buildout targets surging GLP‑1 volumes through advanced automation for expanded cold‑chain capacity.

Overview

  • The company will invest more than $1 billion through 2030 to grow its U.S. network, including a second national distribution center in Harrison, Ohio.
  • The Ohio hub will span 530,000 square feet with advanced automation and is slated to be fully operational by spring 2027.
  • A 430,000‑square‑foot distribution center in Fontana, California, is planned for fall 2026, with additional site expansions in California and Alabama.
  • Cencora is enlarging its Dothan, Alabama, specialty site by 122,500 square feet, boosting refrigerated capacity by 500% and frozen capacity by 200%, with completion targeted by year‑end 2025.
  • Fourth‑quarter adjusted EPS was $3.84 on sales of $83.73 billion, both above estimates; 2026 adjusted EPS guidance is $17.45 to $17.75, and the company is reviewing non‑core assets with no divestment decisions disclosed.