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CareFusion Reports Second Quarter Results
Date:2/9/2010

ations was $73 million, or $0.33 per diluted share.

Excluding nonrecurring items, adjusted operating income for the second quarter declined to $149 million from $177 million and adjusted net income decreased $22 million to $88 million, or $0.39 on an adjusted basis per diluted share.

Operating expenses, including selling, general and administrative (SG&A), research and development (R&D), and restructuring and acquisition integration charges in the second quarter totaled $351 million or 34 percent of total revenue. Excluding $22 million of nonrecurring items, adjusted operating expenses in the second quarter totaled $329 million, or 32 percent of total revenue. Adjusted SG&A expenses were $292 million, and R&D investments totaled $37 million.

Critical Care Technologies

Second quarter revenue for the Critical Care Technologies segment, which includes the company's Dispensing, Infusion and Respiratory businesses, increased 1 percent to $682 million, driven by a strong performance in the company's Respiratory business. On a constant currency basis, revenue decreased by 1 percent. Segment profit decreased to $111 million from $146 million. Adjusted segment profit decreased to $126 million from $148 million driven by the impact of the slowdown in hospital capital spending and higher allocated costs from standing up as a public company, which were only partially offset by strong results in the company's Respiratory busine
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SOURCE CareFusion Corporation
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