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Cardinal Health Reports Fiscal 2009 Results, Provides Fiscal 2010 Outlook
Date:8/18/2009

0% $99.5 billion 9% Operating Earnings $436 million $527 million (17%) $1.9 billion (10%) Non-GAAP Operating Earnings(3) $509 million $560 million (9%) $2.1 billion (4%) Earnings from Continuing Operations $268 million $316 million (15%) $1.1 billion (12%) Non-GAAP Earnings from Continuing Operations $311 million $342 million (9%) $1.3 billion (8%) Diluted EPS from Continuing Operations $0.74 $0.88 (16%) $3.16 (11%) Non-GAAP Diluted EPS from Continuing Operations $0.86 $0.96 (10%) $3.48 (7%)

FISCAL 2009 SEGMENT RESULTS AND FISCAL 2010 OUTLOOK

Healthcare Supply Chain Services

The Healthcare Supply Chain Services segment increased fourth-quarter revenue 11 percent to $24.3 billion, driven by strong growth in the pharmaceutical supply chain business across all customer categories. Sales to bulk pharmaceutical customers(4) increased 16 percent to $11 billion and sales to non-bulk pharmaceutical customers(5) increased 9 percent to $11.1 billion. Segment profit for the quarter increased 8 percent to $341 million, driven by the profit contribution from revenue gains, growth in generics, strong performance under the company's fee-for-service arrangements with branded manufacturers, strength in nuclear pharmacy and disciplined expense management.

For the full year, segment revenue increased 10 percent to $95.7 billion, driven by solid sales across the segment. Full-year revenue from bulk pharmaceutical customers increased 17 percent to $43.7 billion and annual sales to non-bulk pharmaceutical customers increased 4 percent to $43.6 billion. Annual segment profit was slightly positive from the previous year at $1.3 billion with pr
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SOURCE Cardinal Health, Inc.
Copyright©2009 PR Newswire.
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