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CVS Caremark Outlines Strong Growth for 2012 and Confirms 2011 Guidance
Date:12/20/2011

WOONSOCKET, R.I., Dec. 20, 2011 /PRNewswire/ -- CVS Caremark (NYSE: CVS) executives shared plans to address the challenges facing health care during the Company's annual Analyst Day in New York City today. The company is uniquely positioned to offer solutions to these challenges through innovative products and services that meet the rapidly changing demands of the marketplace and are expected to drive profitable long-term growth.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO)

Highlights:

  • Expressed Confidence in Short- and Long-term Growth Targets
  • Outlined Innovative Solutions to Today's Health Care Challenges to Lower Costs, Enhance Access and Improve Health Care.
  • Announced Unique New Offerings That Are Expected To Help Drive Profitable Long-term Growth

2012 Guidance:

  • Adjusted EPS expected to be in the range of $3.15 to $3.25, up 13 to 16.5%
  • GAAP diluted EPS from continuing operations expected to be in the range of $2.93 to $3.03
  • Free cash flow expected to be between $4.3 billion and $4.6 billion
  • Cash flow from operations expected to be between $5.7 billion and $6.0 billion
  • Expect to complete $3 billion remaining in current share repurchase authorization
  • Announced quarterly dividend increase of 30%

Executives confirmed the company's 2011 guidance and provided 2012 guidance, underscoring a strong growth outlook.  The company's senior management also outlined their plans to achieve long-term growth ta
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SOURCE CVS Caremark
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