earnings
confidence high
sentiment positive
materiality 0.80
Cardinal Health raises FY2024 non-GAAP EPS guidance to high end of $6.75–$7.00 on strong cash flow and $250M ASR
CARDINAL HEALTH INC
2024-FY EPS reported
$1.50
revenue$112,208,000,000
- Updated FY2024 non-GAAP diluted EPS guidance to high end of $6.75–$7.00.
- Executed $250M accelerated share repurchase in Q2; cash flow strength drove favorability.
- Completed review of at-Home Solutions ($2.6B rev) and OptiFreight Logistics ($250M rev); will invest and develop them.
- New segment structure effective Jan 1, 2024: Pharmaceutical & Specialty Solutions, GMPD, and Other.
- Q2 Medical segment profit expected consistent with Q1, but on track for FY26 target of $650M.