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Cardinal Health — Nov 1, 2024 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000721371-24-000119
Open on SEC.gov ↗
Showing in the filing
Pharmaceutical and Specialty Solutions segment profit outlook
“4% to 6% growth”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 4
Non-GAAP diluted earnings per share attribut… for FY2025
“$7.75 to $7.90”
Pharmaceutical and Specialty Solutions segme… for FY2025
“4% to 6% growth”
Global Medical Products and Distribution seg… for FY2025
“$140 million to $175 million”
Adjusted free cash flow for FY2025
“$1.0 billion to $1.5 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Fiscal year 2025 outlook 2 The company raised its fiscal 2025 guidance range for non-GAAP diluted earnings per share attributable to Cardinal Health, Inc. to $7.75 to $7.90, from $7.55 to $7.70. This guidance includes an update to the company’s Pharmaceutical and Specialty Solutions segment profit outlook to 4% to 6% growth, from 1% to 3% growth. The company also updated its Global Medical Products and Distribution segment profit outlook to $140 million to $175 million, from approximately $175 million, primarily due to the impact of higher health and welfare costs. Additionally, the company updated expectations for its adjusted free cash flow to $1.0 billion to $1.5 billion, from approximately $1.0 billion. Cardinal Health Page 3 Recent highlights • Cardinal Health announced in September that the company entered into a definitive agreement to acquire Integrated Oncology Network (ION), a physician-led independent community oncology network, for $1.1B in cash. The acquisition accelerates the development of Navista oncology alliance, providing additional capabilities supporting independent community practices and adding more than 100 providers delivering broad-reaching oncology and urology care across 10 states. • Cardinal Health initiated a $375M accelerated share repurchase program in the first quarter, which was completed in October • Cardinal Health announced plans to open a new, modernized distribution center in Walton Hills, Ohio, supporting its Global Medical Products and Distribution business, i
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.