AI English summary of an SEC filing — figures as filed
Cardinal Health CAHCardinal Health said fiscal 2024 revenue for Q3 rose 9% to $54.9 billion, GAAP operating earnings were $367 million, and non-GAAP operating earnings increased 10% to $666 million.
Key points
AI summaryCardinal Health said fiscal 2024 revenue for Q3 rose 9% to $54.9 billion, GAAP operating earnings were $367 million, and non-GAAP operating earnings increased 10% to $666 million.
The company said GAAP diluted earnings per share for Q3 were $1.05, which included a non-cash, pre-tax goodwill impairment of $90 million related to the Global Medical Products and Distribution (GMPD) segment.
Cardinal Health said it raised and narrowed its fiscal 2024 non-GAAP diluted EPS guidance to $7.30 to $7.40, from $7.20 to $7.35, and provided preliminary fiscal 2025 guidance of at least $7.50.
The company said operating cash flow was an outflow of $(49) million for Q3, and it completed its acquisition of Specialty Networks for $1,192 million net of cash acquired.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Cardinal Health Reports Q3 Revenue and GAAP and Non-GAAP Operating Earnings
Cardinal Health said fiscal 2024 revenue for Q3 rose 9% to $54.9 billion, GAAP operating earnings were $367 million, and non-GAAP operating earnings increased 10% to $666 million.
Source · Based on the filing body and exhibits
GMPD Goodwill Impairment and GAAP Earnings Per Share
The company said GAAP diluted earnings per share for Q3 were $1.05, which included a non-cash, pre-tax goodwill impairment of $90 million related to the Global Medical Products and Distribution (GMPD) segment.
Source · Based on the filing body and exhibits
Raises and Narrows Full-Year Non-GAAP EPS Guidance
Cardinal Health said it raised and narrowed its fiscal 2024 non-GAAP diluted EPS guidance to $7.30 to $7.40, from $7.20 to $7.35, and provided preliminary fiscal 2025 guidance of at least $7.50.
Source · Based on the filing body and exhibits
Operating Cash Flow for Q3 and Specialty Networks Acquisition
The company said operating cash flow was an outflow of $(49) million for Q3, and it completed its acquisition of Specialty Networks for $1,192 million net of cash acquired.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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