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Earnings Abstract: Highlights of Cardinal Well being’s (CAH) This autumn 2024 outcomes

by Index Investing News
August 14, 2024
in Markets
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Cardinal Well being (NYSE: CAH), a number one prescribed drugs distributor, on Wednesday reported a rise in revenues and adjusted revenue for the fourth quarter of 2024.

  • Fourth quarter income elevated 12% year-over-year to $59.9 billion, primarily reflecting robust gross sales development within the core enterprise phase
  • Income for the Pharmaceutical and Specialty Options phase elevated 13% to $55.6 billion in This autumn
  • The World Medical Merchandise and Distribution phase elevated by 2% to $3.1 billion throughout the three months
  • Working earnings greater than tripled to $401 million within the fourth quarter
  • Web earnings, on a reported foundation, was $235 million or $0.96 per share in This autumn, vs. a lack of $56 million or $0.22 per share a 12 months earlier
  • Adjusted earnings elevated 29% to $1.84 per share from $1.43 per share within the prior-year quarter
  • Within the full fiscal 12 months, working money move and adjusted free money move reached all-time highs of $3.8 billion and $3.9 billion, respectively
  • The corporate raised adjusted EPS steering for fiscal 2025 to $7.55-$7.70 from the earlier forecast of ‘at the least’ $7.50



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