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Cardinal Health Reports Third Quarter Results
Date:5/1/2008

- Revenue increases 5 percent to $22.9 billion - GAAP earnings from continuing operations reach $366 million from a loss

of $5 million in the prior-year period - GAAP diluted earnings per share from continuing operations rise to $1.02

from a loss of $0.01 in prior-year period - Non-GAAP diluted EPS from continuing operations increases 13 percent to

$1.08

DUBLIN, Ohio, May 1 /PRNewswire-FirstCall/ -- Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today reported a revenue increase of 5 percent for its third quarter to nearly $23 billion, with GAAP earnings per share (EPS) reaching $1.02 from a $0.01 loss in the prior-year period.

Special items related to acquisition integration, litigation and restructuring, and impairment charges and other items had a $0.06 dilutive impact on GAAP earnings for the quarter, bringing non-GAAP EPS to $1.08(1), an increase of 13 percent from the prior-year period.

Chairman and Chief Executive Officer R. Kerry Clark said, "Our consolidated business and three of our four operating segments are performing to our expectations. We saw a healthy revenue increase in our clinical and medical products sector, with excellent leverage to the profit line. And our supply chain medical segment continued the turnaround we began earlier this year with a strong quarter of profitable growth.

"Within our supply chain pharmaceutical segment, we are managing the same issues we outlined last quarter, including the re-pricing of large retail accounts and the impact of our controlled substance anti-diversion efforts. However, we have renewed all of our major contracts through fiscal 2009 and, with respect to our anti-diversion efforts, we are putting in place new systems that we believe will return us to a strong position in managing this important industry issue." '/>"/>

SOURCE Cardinal Health, Inc.
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