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Cardinal Health CEO: ‘We delivered’

Cardinal Health CEO: ‘We delivered’

Jason HollarDUBLIN, Ohio – Cardinal Health has reported second quarter revenue for its “other” businesses, which includes at-Home Solutions, increased 13% to $1.3 billion. 

The company reported profit for these businesses increased 11% to $118 million, driven by the performance of OptiFreight Logistics and Nuclear and Precision Health Solutions. 

“We delivered strong second quarter financial results while taking significant strategic and operational actions to position us for future growth," said Jason Hollar, CEO of Cardinal Health. "Led by robust demand across our Pharmaceutical and Specialty Solutions segment, we are again pleased to raise our fiscal 2025 enterprise guidance.” 

Overall, Cardinal Health reported revenue decreased 4% to $55.3 billion but increased 16% excluding the impact of the expiration of a large customer contract. 

Other highlights from Q2: 

  • GAAP operating earnings were $549 million; GAAP diluted EPS was $1.65 

  • Non-GAAP operating earnings increased 9% to $635 million, driven by the Pharmaceutical and Specialty Solutions segment; non-GAAP diluted EPS increased 2% to $1.93 

Cardinal Health has raised its fiscal year non-GAAP EPS guidance to a range of $7.85 to $8, from $7.75 to $7.90. 

Among the highlights for the second quarter, the company included construction of a new at-Home Solutions distribution center in Fort Worth, Texas. The facility, which is equipped with leading robotics and automation technologies, is expected to be fully operational in the summer of 2025.

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