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Cardinal Health, Inc
Symbol: CAH
7000 Cardinal Place
Dublin, OH 43017
614-757-5000 (phone)
Website: Cardinal.com
Index Membership: S&P 500; S&P 1500 Super Comp
Industry: Drugs Wholesale
News releases - read news releases for Cardinal Health
Cardinal Health Summary
Cardinal Health is a leading provider of products and services that improve the safety and productivity of healthcare. The Company is one of the largest distributors of pharmaceuticals and medical supplies focusing on making supply chains more efficient. The Company distributes approximately one-third of all pharmaceuticals prescribed in the United States and also distributes or manufactures products that are used in approximately 50% of all surgeries in the United States. The Company develops market-leading technologies, including Alaris infusion pumps, Pyxis automated dispensing systems, MedMinedtm electronic infection surveillance, Viasys respiratory care products and the Care Fusiontm patient identification system. The Company's Pyxis and Alaris systems distribute approximately 8.5 million doses of medication every day. Customers include hospitals and clinics, some of the largest drug store chains in the United States and many other healthcare providers and retail outlets. The Company believes that its depth and breadth of products is unique in the industry and gives it a competitive advantage.
Cardinal Health, Inc Financial Summary:
DUBLIN, Ohio, Nov. 5 Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today reported a 15 percent increase in earnings per share during its first quarter, led by strong profit growth in its clinical and medical products businesses and ongoing programs to repurchase shares and streamline operations.
For the quarter ended Sept. 30, revenue increased 5 percent to $22 billion, operating earnings increased 9 percent to $490 million and earnings per share from continuing operations rose 15 percent to $0.82, or $0.86(1) on a non-GAAP basis.
"Our first quarter results were solid and led by very strong performance in our Clinical and Medical Products sector, which now accounts for 30 percent of segment profits," said R. Kerry Clark, chief executive officer of Cardinal Health.
Cardinal Health also reaffirmed its annual earnings-per-share guidance, while lowering the profit outlook for its Healthcare Supply Chain Services- Pharmaceutical segment. The company continues to expect a strong second half of the fiscal year, led by continued growth in clinical and medical products and a significant increase in generic product introductions.
"We are disappointed with the performance in our Healthcare Supply Chain Services-Pharmaceutical segment, but have a positive outlook for the second half of the fiscal year for the company," Clark said. "Our Clinical and Medical Products sector will be a key growth driver, and we also expect to benefit from new generic pharmaceutical launches and improvements in operational performance."
Cardinal Health, Inc Business Summary:
Clinical Technologies and Services - Cardinal Health is a leader in technologies and services that help hospitals manage all medications from the moment they arrive until they are administered to the patient; store and track specialty supplies; and identify and prevent hospital-acquired infections.
Medical Products and Technologies - Cardinal Health develops and manufactures a wide range of medical and surgical products such as gloves, gowns, masks, surgical drapes and instruments used in healthcare's most frequently performed procedures.
Healthcare Supply Chain Services - Pharmaceutical - Cardinal Health is one of the largest providers of logistics services to the pharmaceutical industry, distributing products and providing services to thousands of retail, alternate care, mail order and hospital pharmacies. We are also the largest provider of specialized nuclear pharmaceuticals used to diagnose and treat conditions such as cancer and heart disease.
Healthcare Supply Chain Services - Medical - Cardinal Health distributes products from 2,600 manufacturers to hospitals, surgery centers, laboratories and physician offices throughout the U.S. and Canada. We provide integrated supply chain and logistics solutions that help customers control costs, improve efficiencies and increase effectiveness.
