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CareFusion Reports First Quarter Results, Raises Full-Year Outlook
Date:11/5/2009

it increased 7 percent to $16 million. Adjusted segment profit decreased 8 percent to $22 million, driven by incremental operating costs from standing up as a public company, which were partially offset by gross margin improvements.

Additional First Quarter and Recent Highlights

Additional first quarter and recent company highlights include:

  • Beginning trading on the New York Stock Exchange under ticker symbol "CFN" on Sept. 1 following the spinoff from Cardinal Health;
  • The S&P 500 adding CareFusion stock to its index;
  • CareFusion Pyxis® technologies earning the top ranking for customer satisfaction for the third consecutive quarter based on research by independent firm MD Buyline;
  • CareFusion MedMined(TM) infection surveillance services receiving the No. 1 ranking in a research report by independent firm KLAS;
  • Launching the CareFusion EnVe(TM) ventilator in the U.S., a 10-pound high-performance critical care ventilator with features comparable to ventilators weighing 80 to 90 pounds;
  • Commencing shipments of 3,900 CareFusion LTV 1200 ventilators for the national strategic stockpile, part of an order by the Centers for Disease Control and Prevention for 4,500 ventilators for emergency preparedness.

Fiscal 2010 Outlook

The company raised its adjusted diluted EPS outlook for fiscal 2010 to be in the range of $1.35 to $1.45, an increase over the previously provided range of $1.10 to $1.20. The guidance for fiscal 2010 is based on an assumed diluted weighted average outstanding share count of approximately 221 million.

Conference Call

CareFusion will host a conference call today at 8:30 a.m. EST to discuss earnings results for the first quarter.

The number to call from within the United States is (800) 510-9836 or + 1 (617) 614-3670 Internationally, using the pass code 54900921. A re
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SOURCE CareFusion Corporation
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