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CareFusion Reports Second Quarter Fiscal 2011 Results
Date:2/3/2011

Critical Care TechnologiesSecond quarter revenue for the Critical Care Technologies segment totaled $684 million, and was flat on a reported basis and increased 1 percent on a constant currency basis compared to the prior year period. Segment revenues in the quarter were driven by an increase in the company's Infusion product sales, which included core Infusion growth and a contribution from the company's May 2010 acquisition of Medegen, and an increase in the company's Dispensing business, which benefitted from competitive displacements. The increase in Infusion and Dispensing sales was offset by an expected decrease in the company's Respiratory product line revenues. Respiratory sales continued to be negatively impacted by a weak post H1N1 environment, declines in hospital admissions and a lighter flu season than in the prior year period.

Segment profit decreased 1 percent to $110 million. Adjusted segment profit increased 2 percent to $128 million, primarily due to strong Infusion and Dispensing results.

Medical Technologies and ServicesSecond quarter revenue for the Medical Technologies and Services segment decreased 6 percent to $318 million, or 4 percent on a constant currency basis, compared to the prior year period. Segment revenues in the quarter were driven by decreased sales in the company's ISP business, the loss of revenue from the company's Research Services business that was divested in May 2010 and by foreign currency rates during the current year quarter. Partially offsetting this decline was increased sales from the company's Infection Prevention business.

Excluding the revenues associated with the company's ISP, OnSite Services and Research Services businesses, all of which are included in the Medical Technologies and Services segment, segment revenues grew 5 percent in the second quarter compared to the prior year period.

Segment profit was unchanged at $16 million. Adjusted segment profit increased 17
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SOURCE CareFusion Corp.
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