Cencora Inc Q4 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Lisa Christine Gill - JPMorgan Chase & Co, Research Division - Analyst : Thanks for all the detail, Jim and Steve. Steve, I wanted to ask a bigger picture question. I think there's been a little bit of an overhang on the stock as you think about your relationship with Walgreens Boots Alliance and the lack of leadership. And even with the former leaders, I would say they had less of a healthcare focus. We now have Tim Wentworth, who's been named CEO. I know you've had a long-standing relationship with Tim. I really just would be curious around 2 things. One, when you think about the relationship, do you think that there's an opportunity to even deepen the relationship? Or are there new verticals you can work together on? And what are your thoughts on the leadership, number one. And then number two, when we think about the sale of your stock -- and they clearly are in a position where they probably need to do something, whether it's cut their dividend or sell more stock. I know that they have some future contracts, and the percentage of ownership of ABC as way down. But how do I think about that and your ability -- maybe this is a question for Jim -- to continue to buy back shares as that continues to happen?