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Cardinal Health Reports Fiscal 2013 Second-Quarter Results
Date:2/5/2013

DUBLIN, Ohio, Feb. 5, 2013 /PRNewswire/ -- Cardinal Health today reported fiscal year 2013 second-quarter revenue of $25.2 billion and a 15 percent increase in non-GAAP diluted earnings per share (EPS) from continuing operations to $0.93.

In addition, the company tightened its fiscal 2013 outlook for non-GAAP diluted EPS from continuing operations to $3.42 to $3.50, which represents the top half of the prior guidance range.

"We've now completed a strong first half to our fiscal 2013 with a good second-quarter performance. While continued brand-to-generic conversions and the previously announced movement of the Express Scripts contract drove a revenue decline in the Pharmaceutical segment, excellent performance from our generic programs and new customer wins fueled profit gains," said George Barrett, chairman and chief executive officer of Cardinal Health. "And, despite continued procedural softness in the industry, our Medical segment reported double-digit growth this quarter. With our performance in the first six months of fiscal 2013, we are now guiding to the top half of our prior non-GAAP EPS range."

Q2 FY13 SUMMARYQ2 FY13Q2 FY12Y/YRevenue

$25.2 billion

$27.1 billion

(7%) 

Operating Earnings

 

$506 million

 

$449 million

 

13%Non-GAAP Operating Earnings

 

$525 million

 

$475 million

 

11%Earnings from Continuing Operations

 

$303 million

 

$264 million

 

15%Non-GAAP Earnings from Continuing Operations

 

$317 million

 

$281 million

 

13%Diluted EPS from Continuing Operations

 

$0.88

 

$0.76

 

16%Non-GAAP Diluted EPS from Continuing Operations

 

$0.93

 
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SOURCE Cardinal Health
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