other material
confidence high
sentiment neutral
materiality 0.30
Cardinal Health recasts segment results under new structure for FY2022-H1 FY2024
CARDINAL HEALTH INC
- New segments: Pharmaceutical & Specialty Solutions and Global Medical Products & Distribution; three smaller ops reported as Other.
- Recast unaudited quarterly data for FY2022, FY2023, and H1 FY2024; no change to consolidated revenue or net income.
- Pharm & Spec Solutions segment profit grew 13% in FY2023 to $1,862M; H1 FY2024 profit $961M.
- Global Medical Products & Distribution segment losses: FY2022 loss $49M, FY2023 loss $162M, H1 FY2024 loss $2M.
- Total segment revenue grew 13% in FY2023 to $205.1B; H1 FY2024 up 11% to $112.2B.