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CareFusion Reports Third Quarter Fiscal 2013 Results
Date:5/9/2013

s nearly even with the prior year period at $2.65 billion. Operating income increased 7 percent to $449 million from $419 million in the prior year period. Income from continuing operations was $279 million, or $1.24 per diluted share. Adjusted income from continuing operations increased 7 percent from the prior year period to $354 million, or $1.57 per diluted share.

Operating expenses in the first nine months totaled $934 million, or $833 million on an adjusted basis. The company increased R&D investments 20 percent to $142 million, reflecting the company's continued focus on product development and innovation. 

For the first nine months, operating margins increased to 17 percent and reached 20.8 percent on an adjusted basis.Within the Medical Systems segment, revenue decreased 2 percent from the prior year period to $1.74 billion. Segment profit increased 10 percent to $347 million and increased 3 percent to $385 million on an adjusted basis.

Revenue for the Procedural Solutions segment increased 5 percent from the prior year period to $910 million. Segment profit increased 38 percent to $143 million and increased 24 percent to $165 million on an adjusted basis. Recent HighlightsAdditional third quarter and recent highlights included:

  • Expanding its portfolio of clinically differentiated respiratory consumables by entering into an agreement to become the sole U.S. distributor of Smiths Medical bronchial hygiene products.
  • Completing the acquisition of Angus Medical, a Calgary-based medical distributor of CareFusion's MaxPlus® line of needle-free connectors.
  • Signing agreements with more than 15 hospitals and health systems for the

  • SOURCE CareFusion Corp.
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