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Cardinal Health Reports First-Quarter Results
Date:10/27/2011

ns and non-GAAP diluted EPS from continuing operations definitions

exclude amortization of acquisition-related intangible assets for all periods presented.SEGMENT RESULTSPharmaceutical segmentRevenue for the Pharmaceutical segment increased 10 percent to $24.4 billion, including significant contribution from acquisitions completed in FY11 and growth from existing customers. Segment profit increased 19 percent to $363 million, reflecting the contribution of the acquisitions and the performance of generics programs.Q1 FY12Q1 FY11Y/YRevenue

$24.4 billion

$22.3 billion

10%Segment Profit

$363 million

$306 million

19%Medical segmentRevenue for the Medical segment increased 10 percent to $2.4 billion, primarily driven by growth from existing and net new customers and the transition of CareFusion from fee-for-service to traditional distribution agreement. As anticipated, segment profit declined 5 percent to $79 million, as profit increases from the company's preferred products programs and the volume relating to both existing and net new customers were negatively offset by commodity costs and the impact associated with the previously disclosed Presource® kit matter.Q1 FY12Q1 FY11Y/YRevenue

$2.4 billion

$2.2 billion

10%Segment Profit

$79 million

$84 million

(5)%ADDITIONAL FIRST-QUARTER AND RECENT HIGHLIGHTS

  • Agreement to acquire Futuremed Healthcare Products in Canada, a distributor of medical disposables and specialized equipment to the long-term care channel, enhancing capability to serve and deliver greater value to customers across the continuum of care in Canada.

  • Launch of the new Protexis™ Latex Hydrogel surgical gloves -- sterile latex, powder-free surgical gloves with hydrogel coating -- and the new Protexis™ brand name for the company's powder-free surgical glove portfolio.

  • Specialty Solutions P4 Healthcare b
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  • SOURCE Cardinal Health
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    1. Cardinal Health Foundation, The Ohio State University Launch New Toolkit to Help Reduce Misuse of Prescription Drugs
    2. Cardinal Health to Release First-quarter Financial Results on Oct. 27
    3. Cardinal Health Introduces New Latex, Powder-Free, Hydrogel Surgical Gloves
    4. Polymedco, Inc., and Cardinal Health Sign Agreement for Distribution of Oncologic Diagnostic Test Kits to Acute Care Market
    5. Cardinal Health Board of Directors Approves Cash Dividend, Elects David P. King as Director
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