secwatch.observer — SEC 8-K summary
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Issuer:     CARDINAL HEALTH INC (CAH)
CIK:        0000721371
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0000721371-22-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Health cuts Medical segment Q1 FY23 guidance to $55M-$25M loss on glove inventory charges
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- Medical segment loss expected $55M-$25M for Q1 FY23, down from prior range of $20M loss to $20M profit.
- Inventory charges of ~$25M from gloves portfolio simplification, including sale of disposable gloves for non-healthcare industries.
- Reaffirmed FY2023 non-GAAP diluted EPS guidance of $5.05-$5.40.
- Presentation at Morgan Stanley conference scheduled for Sept 13, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721371/000072137122000105/0000721371-22-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721371/000072137122000105/cah-20220913.htm
  HTML page:      https://secwatch.observer/filing/0000721371-22-000105

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