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CareFusion Reports Third Quarter Rise in Revenue, Earnings
Date:5/5/2011

SAN DIEGO, May 5, 2011 /PRNewswire/ -- CareFusion Corp. (NYSE: CFN), a leading, global medical technology company, today reported results for the three and nine months ended March 31, 2011.

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"Our business performed well in the quarter, driving revenue and operating earnings growth year-over-year and expanding margins through a favorable product mix and disciplined expense control," said Kieran Gallahue, chairman and CEO. "Our earnings for the quarter outperformed our internal expectations, giving us confidence to raise the lower end of our adjusted EPS guidance and narrow the range to $1.60 to $1.65. Additionally, we continue to make progress in our efforts to optimize our product portfolio. We recently completed the divestiture of two businesses and acquired Vestara, expanding our core Pyxis medication management portfolio to include technology that enables hospitals to automate the segregation of pharmaceutical waste."

CareFusion's reported results compare to the three and nine month periods ended March 31, 2010.

Results from the company's International Surgical Products (ISP) business, which had been included in the Medical Technologies and Services segment and was divested in April 2011, have been classified as discontinued operations in the accompanying financial tables. Reported results for continuing operations and comparisons to prior periods exclude the historical results of the ISP business.

Third Quarter ResultsRevenue for the third quarter of fiscal 2011 increased 4 percent to $867 million on a reported basis and 3 percent on a constant currency basis, driven primarily by increased sales in the Infusion, Infection Prevention and Dispensing businesses. Operating income was $146 million
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SOURCE CareFusion Corp.
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