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

Operating income increased to $347 million and income from continuing operations was $195 million, or $0.87 per diluted share. Excluding nonrecurring items, adjusted operating income increased $47 million to $423 million and adjusted income from continuing operations increased $32 million to $253 million, or $1.13 per diluted share.

Operating expenses totaled $958 million or 37 percent of total revenue. Excluding $76 million of nonrecurring items, adjusted operating expenses totaled $882 million, or 34 percent of total revenue. Adjusted SG&A expenses were $767 million, and R&D investments totaled $115 million.

Critical Care TechnologiesRevenue for the Critical Care Technologies segment increased 2 percent to $1.96 billion. Segment profit increased 3 percent to $298 million, or 9 percent to $357 million on an adjusted basis.

Medical Technologies and ServicesRevenue for the Medical Technologies and Services segment decreased 2 percent to $602 million. Segment profit was even with the prior year at $34 million, and increased 35 percent to $66 million on an adjusted basis.

Fiscal 2011 Outlook CareFusion reaffirmed its fiscal 2011 revenue guidance of low single digit growth over fiscal 2010 revenue of $3.5 billion. In addition, the company narrowed its outlook for adjusted diluted EPS from continuing operations for fiscal 2011 to a range of $1.60 to $1.65, the upper end of its previously provided guidance range of $1.58 to $1.65. The guidance is based on an assumed diluted weighted average outstanding share count of approximately 225 million.

Conference CallCareFusion will host a conference call today at 2 p.m. PDT (5 p.m. EDT) to discuss earnings results for the third quarter fiscal 2011.

To access the call and corresponding slide presentation, visit the Investors page at www.carefusion.com. Log on at least 15 minutes before the call begins
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SOURCE CareFusion Corp.
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