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Non-GAAP earnings before income taxes: earnings/(loss) before income taxes excluding (1) LIFO charges/(credits), (2) surgical gown recall costs/(income), (3) state opioid assessment related to prior fiscal years, (4) restructuring and employee severance, (5) amortization and other acquisition-related costs, (6) impairments and (gain)/loss on disposal of assets, (7) litigation (recoveries)/charges, net, (8) loss on early extinguishment of debt and (9) (gain)/loss on sale of equity interest in naviHealth. Revenue was up $5.63 billion from the same period last year. 2Distribution, selling, general and administrative expenses. The tax benefit allocated to the separate tax adjustments of $35 million is included in non-GAAP measures. Cardinal Health Navista TS empowers you to successfully navigate the future of value-based care. 4For fiscal 2020, GAAP diluted loss per share attributable to Cardinal Health, Inc. ("GAAP diluted EPS") and the EPS impact from the GAAP to non-GAAP per share reconciling items are calculated using a weighted average of 293 million common shares, which excludes potentially dilutive securities from the denominator due to their anti-dilutive effects resulting from our GAAP net loss for the period. I.V. systems, and enteral feeding accessories. "We're disappointed with our fourth quarter results. Part Number: 2. 2022 Cardinal Health. Non-GAAP gross margin: gross margin, excluding LIFO charges/(credits) and surgical gown recall costs/(income). Learn more about how Cardinal Health is improving healthcare. Fourth-quarter and full year GAAP diluted earnings per share (EPS) were also negatively impacted by $149 million and $1.17 billion pre-tax charges, respectively, related to opioid lawsuits brought by states and local governmental entities. Read expert commentary, best practices, and insights from the leaders who are shaping the industry. Get to know Medicine Shoppe International, Inc. All-in-One Oncology EHR, RCM and PMS Platform, Kangaroo Adult Nasogastric Feeding Tubes, Kangaroo Feeding Tube with IRIS Technology, Kangaroo Joey Enteral Feeding Pump and Sets, Kangaroo Neonatal & Pediatric Feeding System, Kangaroo ePump Enteral Feeding Pump and Sets, Point of Care (POC) & Infectious Diseases, 2022 Biosimilars Report: The U.S. Exclusions from Non-GAAP Financial Measures. No access code is required. The net tax benefits associated with the opioid litigation charges are $228 million and $488 million for fiscal 2021 and 2020, respectively. Cardinal Health reports Q1 EPS $1.20, consensus 94c. All rights reserved. Non-Discrimination & Affirmative Action Statement. Physical Exam Products Cardinal Health Lab Briefings is an educational webinar series that provides clinical insights, industry information, and hot topic updates across a variety of diagnostic related issues. Managed cares impact after rollout of adalimumab biosimilars, Podcast: Biosimilars and interchangeability, Retail pharmacists optimistic about biosimilars, but have questions, Rheumatology biosimilars: Moving the needle, The importance of healthcare provider education in biosimilar uptake, U.S. has opportunity to lead on ophthalmic biosimilars, Distribution of critical medical inventory, Manufacturing and sourcing of critical medical supply inventory, Global and local operations and customer service, Premier Plus Series Laboratory Refrigerators, Controlled Substance Monitoring Program (CSMP), Addressing the Opioid Crisis: Board Engagement and Governance, Browse Laboratory Refrigerators | Cardinal Health, Premier Plus Series Blood Bank Refrigerators, Premier Plus Series Chromatography Refrigerators, Premier Plus Series Pharmacy Refrigerators, Pro Series Lab Undercounter Refrigerators, Terms and conditions for Cardinal Health website, Registration information for Cardinal Health Market, Cardinal Health Product Documentation (IFU), Variable Speed Compressor Technology adjusts cooling performance to the conditions, Forced-air circulation for temperature uniformity and fast temperature recovery, Heat-free defrost for maximum temperature uniformity, Four 2" casters for easy mobility; the front two are lockable, Keyed on/off switch with easy-to-use, setpoint security, Self-closing door with 90 stop to assist with inventory loads. Journey and Path Ahead, State regulations for biosimilar interchangeability, A-V Impulse Foot Compression System Tubing, A-V Impulse ImPad Rigid Sole Foot Covers, Implementing VTE prevention best practices, Kangaroo Accessories with Safe Enteral Connections, Kangaroo CO Detector for Gastric Tube Placement, Kangaroo Gastrostomy Feeding Tubes w/ Y-Port with Safe Enteral Connections, Kangaroo Skin Level Balloon Gastrostomy Kits, Kangaroo Feeding Tubes with Dobbhoff Tip, Kangaroo Feeding Tubes with Standard Tip, Kangaroo Gravity Sets and Extension Sets, Kangaroo Polyurethane and Argyle PVC Feeding Tubes, Monoject Enteral Syringes and Syringe Accessories, Kangaroo Connect Enteral Feeding Pump videos, Kangaroo Feeding Tube with IRIS Technology videos, Kangaroo Joey Enteral Feeding Pump videos, Kangaroo ePump Enteral Feeding Pump videos, Medi-Vac and Medi-Solid Plus Solidifiers, Chemoplus Preparation and Administration Kits, Clinical Chemistry and Immunology Quality Controls, Automated ESR analyzers and automated slide stainers, Microbiology Identification and Susceptibility, Seasonal respiratory diagnostics resources, Thermoreactively Cured Highly Purified Synthetic Hydrogels, Thermoreactively Cured Natural Polysaccharide Karaya, Argyle Specimen Containers and Luki Tubes, Argyle Suction Catheter Kits and Mini-Trays, Closed Urinary Drainage Systems & Foley Trays, Pediatric Catheters and Urine Collection Devices, Filac Electronic Thermometers and Accessories, Bladder control pads & undergarment guards, Kendall Abdominal Binders with 2-way stretch, Kendall Intrauterine Pressure Catheter System, Toco Labor and Abdominal Transducer Belts, Postpartum Pads and Maternity Care Products, Argyle Umbilical Catheter Insertion Trays, Neonatal Peripherally Inserted Central Catheters, 5 keys to regulatory efficiency and adoption, Biosimilars: What we can learn from early adopters, Concerns around efficacy of biosimilars is primary reason for hesitancy in treatment adoption, How pharmacists can help promote biosimilars. Get to know Medicine Shoppe International, Inc. All-in-One Oncology EHR, RCM and PMS Platform, Kangaroo Adult Nasogastric Feeding Tubes, Kangaroo Feeding Tube with IRIS Technology, Kangaroo Joey Enteral Feeding Pump and Sets, Kangaroo Neonatal & Pediatric Feeding System, Kangaroo ePump Enteral Feeding Pump and Sets, Point of Care (POC) & Infectious Diseases, 2022 Biosimilars Report: The U.S. The net operating loss was carried back and adjusted our taxable income for fiscal 2015, 2016, 2017 and 2018 as permitted under the Coronavirus Aid, Relief and Economic Security ("CARES") Act. The Kangaroo irrigation kits provide a safe and convenient means of storing syringes used with enteral feeding and irrigation systems. Upright, High-Performance Pharmacy Refrigerators. Cardinal Health uses its website as a channel of distribution for material company information. ContactsMedia: Erich Timmerman, erich.timmerman@cardinalhealth.com and 847.887.1487 Investors: Kevin Moran, kevin.moran@cardinalhealth.com and 614.757.7942. Nasal Decolonization. MMSI - Free Report) . The bottom line, however,. We're the business of healthcare. Cardinal Health has been named one of the 2021 Best Companies for Multicultural Women by Seramount (formerly Working Mother Media), an honor recognizing companies that create and use best practices in hiring, retaining and promoting multicultural women in the United States. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. About Cardinal Health Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. Variable Speed Compressor Technology adjusts cooling performance to the conditions. Ambulatory Surgery Center Supplies and Solutions, Specialty physician practices and clinics, Community Health Center Pharmacy Services, Contract Manufacturing and Pharmacy Solutions, Technology and practice management solutions, WaveMark Clinical Supply Chain Consulting, Large hospitals and health systems remote pharmacy support, Small-to-midsize hospital remote staffing support, Cardinal Health Pharmacy Marketing Advantage, Cardinal Health Point-of-Care Testing Program, RxID Select Inventory Management Platform, Medically Integrated Dispensing Solutions, Cardinal Health Pharmacy Marketing Advantage Commerce, Pharmacy Audit Assistance & Support Services, The evolution of patient care in retail pharmacy, Medicine Shoppe International, Inc. Looking for other medical products we carry? Our enteral access portfolio includes a variety of enteral feeding tubes, as well as CO2 detectors, safety P.E.G. Segment Profit margin: segment profit divided by segment revenue. However, you can save about 60-90% in most cases by signing up for a Doctors Network dental plan.Under this plan, Checkups and cleanings cost only $25.4. Reach out to our team for ordering information. Both GAAP and Non-GAAP operating earnings during the fourth quarter and fiscal year 2021 were adversely impacted by a $197 million COVID-19-related inventory reserve related to certain Personal Protective Equipment (PPE) in the Medical segment. CAH. With a broad range of rollators, walkers, crutches and walking sticks, Days offers products that customers trust for their mobility needs. "Our performance in the first quarter demonstrated . Earnings/(loss) per common share attributable to Cardinal Health, Inc.: Weighted-average number of common shares outstanding: 1Litigation (recoveries)/charges, net includes pre-tax charges of $1.17 billion and $5.63 billion recorded in fiscal 2021 and 2020, respectively, related to the opioid litigation. Non-GAAP operating earnings decreased 20% to $423 million due to a decline in Medical segment profit, partially offset by an increase in Pharmaceutical segment profit; non-GAAP diluted EPS decreased 7% to $1.20. Cardinal Health Portal. Read expert commentary, best practices, and insights from the leaders who are shaping the industry. Available in glass or solid door, our high-performance refrigerators combine advanced temperature control with high-quality, upright cabinet construction and alarm systems. The company does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. Cardinal Health, Inc. CAH is scheduled to report first-quarter fiscal 2023 results on Nov 4, before the opening bell. These updates are a result of Cardinal Health's Global Freight policy. GAAP diluted EPS for fiscal year 2021 were $2.08, while non-GAAP diluted EPS were $5.57. Journey and Path Ahead, State regulations for biosimilar interchangeability, A-V Impulse Foot Compression System Tubing, A-V Impulse ImPad Rigid Sole Foot Covers, Implementing VTE prevention best practices, Kangaroo Accessories with Safe Enteral Connections, Kangaroo CO Detector for Gastric Tube Placement, Kangaroo Gastrostomy Feeding Tubes w/ Y-Port with Safe Enteral Connections, Kangaroo Skin Level Balloon Gastrostomy Kits, Kangaroo Feeding Tubes with Dobbhoff Tip, Kangaroo Feeding Tubes with Standard Tip, Kangaroo Gravity Sets and Extension Sets, Kangaroo Polyurethane and Argyle PVC Feeding Tubes, Monoject Enteral Syringes and Syringe Accessories, Kangaroo Connect Enteral Feeding Pump videos, Kangaroo Feeding Tube with IRIS Technology videos, Kangaroo Joey Enteral Feeding Pump videos, Kangaroo ePump Enteral Feeding Pump videos, Medi-Vac and Medi-Solid Plus Solidifiers, Chemoplus Preparation and Administration Kits, Clinical Chemistry and Immunology Quality Controls, Automated ESR analyzers and automated slide stainers, Microbiology Identification and Susceptibility, Seasonal respiratory diagnostics resources, Thermoreactively Cured Highly Purified Synthetic Hydrogels, Thermoreactively Cured Natural Polysaccharide Karaya, Argyle Specimen Containers and Luki Tubes, Argyle Suction Catheter Kits and Mini-Trays, Closed Urinary Drainage Systems & Foley Trays, Pediatric Catheters and Urine Collection Devices, Filac Electronic Thermometers and Accessories, Bladder control pads & undergarment guards, Kendall Abdominal Binders with 2-way stretch, Kendall Intrauterine Pressure Catheter System, Toco Labor and Abdominal Transducer Belts, Postpartum Pads and Maternity Care Products, Argyle Umbilical Catheter Insertion Trays, Neonatal Peripherally Inserted Central Catheters, 5 keys to regulatory efficiency and adoption, Biosimilars: What we can learn from early adopters, Concerns around efficacy of biosimilars is primary reason for hesitancy in treatment adoption, How pharmacists can help promote biosimilars. Cardinal Health beat estimated earnings by 27.66%, reporting an EPS of $1.2 versus an estimate of $0.94. Media Contact: Erich Timmerman 847-887-1487 erich.timmerman@cardinalhealth.com Investor Contact: Kevin Moran 614-757-7942 Pharmaceutical segment profit was flat at $358 million in the fourth quarter. Ambulatory Surgery Center Supplies and Solutions, Specialty physician practices and clinics, Community Health Center Pharmacy Services, Contract Manufacturing and Pharmacy Solutions, Technology and practice management solutions, WaveMark Clinical Supply Chain Consulting, Large hospitals and health systems remote pharmacy support, Small-to-midsize hospital remote staffing support, Cardinal Health Pharmacy Marketing Advantage, Cardinal Health Point-of-Care Testing Program, RxID Select Inventory Management Platform, Medically Integrated Dispensing Solutions, Cardinal Health Pharmacy Marketing Advantage Commerce, Pharmacy Audit Assistance & Support Services, The evolution of patient care in retail pharmacy, Medicine Shoppe International, Inc. Is the Ophthalmology market ready for biosimilars? We generally apply varying tax rates depending on the item's nature and tax jurisdiction where it is incurred. Our high-performance pharmacy refrigerators feature adjustable basket drawers and glass doors for the easy identification and access of vaccines, pharmaceuticals, chemotherapeutics and other material requiring 2C to 8C storage. State opioid assessment related to prior fiscal years. Important information, including news releases, financial information, earnings and analyst presentations, and information about upcoming presentations and events is routinely posted and accessible on the Investor Relations page at ir.cardinalhealth.com. We are a crucial link . Maximized sales volume, market share, product distribution, and space allocation in accounts through implementation of . The legacy Cardinal.com Medical Ordering site has been replaced with Cardinal Health Market. Carver Charitable Trust of Muscatine, Iowa, has committed $400,000 to help expand the microscopy capabilities at Iowa State University, aiding the university's research in human and animal health, reliable food production and innovative bioenergy solutions and bioproducts. I.V. Learn more about Performance Plus Skin Health is Mission Critical Prevent. Click here to view available options. Find in-network Healthfirst 65 Plus Plan (HMO) Dentists in Charlotte NC, 28232. Find articles that are relevant to your field of interest. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees globally, Cardinal . Non-GAAP operating earnings: operating earnings/(loss) excluding (1) LIFO charges/(credits), (2) surgical gown recall costs/(income), (3) state opioid assessment related to prior fiscal years, (4) restructuring and employee severance, (5) amortization and other acquisition-related costs, (6) impairments and (gain)/loss on disposal of assets, and (7) litigation (recoveries)/charges, net. Forward Looking Non-GAAP MeasuresIn this document, the Company presents certain forward-looking non-GAAP metrics. Find articles that are relevant to your field of interest. Login to the Cardinal Health Portal. Description. Performance trending giving you visibility into how you are performing over time. WebcastCardinal Health will host a webcast today at 8:30 a.m. Eastern to discuss fourth-quarter results. Performance Health is a leader in consumer healthcare and the largest global manufacturer and distributor of products to the rehabilitation and sports medicine markets. While, Q1 profit of $1.20 beats by $0.23. Fiscal year 2022 non-GAAP EPS guidance reflects share repurchases in the range of $500 million to $1.0 billion. " See all customer reviews Product Description The Keurig K-Mini Plus single serve coffee maker in Cardinal Red features a new sleek design, and at less than 5 inches wide is the perfect size for any space or occasion. Quality head-to-toe PPE solutions allow you to have peace of mind to confidently focus on the task at hand. Looking ahead with the leading minds in healthcare. We're the business of healthcare. Patient outlier reporting so you can easily identify who needs help. However, the non-GAAP financial measures that we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Receive CE credits by watching past and upcoming webinars at no cost. Cardinal Health amended its Red Oak Sourcing agreement with CVS Health to extend the term of the generic pharmaceutical sourcing venture through June 2029. He is also the tech dude for Performance Plus. Welcome to Health Performance Plus. The Kangaroo ePump Enteral Feeding Pump features feed/flush technology that automates flushing for tube patency and delivery of hydration. The Cardinal Health Kangaroonutritional delivery portfolio offers a safe, innovative and complete solution of products that support pediatric and adult enteral feeding needs from the hospital to the home. These risks and uncertainties include risks arising from the ongoing COVID-19 pandemic and our critical role in the global healthcare supply chain including ongoing volume reductions in our generics program, our ability to recoup or mitigate cost increases to source certain personal protective or other equipment or reduced price or demand for such personal protective equipment resulting in additional inventory reserves, and the possible impact of disruptions of our distribution or manufacturing facilities; competitive pressures in Cardinal Health's various lines of business; the performance of our generics program, including the amount or rate of generic deflation and our ability to offset generic deflation and maintain other financial and strategic benefits through our generic sourcing venture with CVS Health; risks associated with the distribution of opioids, including the financial impact associated with the proposed settlement agreement and process we have negotiated with governmental authorities, including the risk that we may fail to reach a final settlement agreement or that a significant number of states and subdivisions may not agree to sign on the proposed settlement agreement, and the risk that challenges to our plans to take tax deductions for opioid-related losses could adversely impact our financial results; risks associated with the manufacture and sourcing of certain products, including risks related to our ability and the ability of third-party manufacturers to comply with applicable regulations; our ability to manage uncertainties associated with the pricing of branded pharmaceuticals; and risks associated with our cost savings initiatives. The Kangaroo Feeding Tube with IRIS Technology is the first disposable feeding tube with an integrated real-time imaging system to visually aid in small bore feeding tube placement. 2022 Cardinal Health. Buy SHOP PARTS from Performance Plus Carts the Golf Cart Experts here for you! Sterilization Indicators Non-GAAP effective tax rate: provision for/(benefit from) income taxes adjusted for (1) LIFO charges/(credits), (2) surgical gown recall costs/(income), (3) state opioid assessment related to prior fiscal years, (4) restructuring and employee severance, (5) amortization and other acquisition-related costs, (6) impairments and (gain)/loss on disposal of assets, (7) litigation (recoveries)/charges, net, (8) loss on early extinguishment of debt and (9) (gain)/loss on sale of equity interest in naviHealth, each net of tax, and (10) transitional tax benefit, net divided by (earnings before income taxes adjusted for the first nine items). Use of Non-GAAP MeasuresThis earnings release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). 70.92. 2022 Cardinal Health. We provide these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on our financial and operating results on a year-over-year basis and in comparing our performance to that of our competitors. 1.98 (2.69%) Ex-Dividend Date. Your best choice for a complete daily supplement. Don't have a Performance Plus Programming account? 2022 Cardinal Health, Inc. All rights reserved.| Legal | Terms of Use If you're looking for a studio focused on you providing a professional environment, you have . In the last reported quarter, the company delivered . How will Semglee interchangeable insulin affect access and affordability? Growth rate calculation: growth rates in this report are determined by dividing the difference between current period results and prior period results by prior period results. Our high-performance pharmacy refrigerators feature adjustable basket drawers and glass doors for the easy identification and access of vaccines, pharmaceuticals, chemotherapeutics and other material requiring 2C to 8C storage. Together they have created the step by step instructions you need to help you achieve your fitness goals safely and effectively. Cardinal Health Price Performance. Get to know Medicine Shoppe International, Inc. All-in-One Oncology EHR, RCM and PMS Platform, Kangaroo Adult Nasogastric Feeding Tubes, Kangaroo Feeding Tube with IRIS Technology, Kangaroo Joey Enteral Feeding Pump and Sets, Kangaroo Neonatal & Pediatric Feeding System, Kangaroo ePump Enteral Feeding Pump and Sets, Point of Care (POC) & Infectious Diseases, 2022 Biosimilars Report: The U.S. Non-GAAP diluted earnings per share attributable to Cardinal Health, Inc.: non-GAAP net earnings attributable to Cardinal Health, Inc. divided by diluted weighted-average shares outstanding. Franchise Services. Forward-looking statements and GAAP reconciliation. A Cardinal Health representative will contact you shortly. This increase includes the favorable prior year comparison from reduced pharmaceutical demand related to COVID-19. Succeed in the next generation of value-based oncology care Oncology practices are challenged to deliver patient-centric, cost-effective care. CardinalHealth sponsors these webinars with support from leading industry experts and opinion leaders. This release reflects management's views as of August 5, 2021. Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. Change in operating assets and liabilities, net of effects from acquisitions and divestitures: Other accrued liabilities and operating items, net, Net cash provided by operating activities, Acquisition of subsidiaries, net of cash acquired, Proceeds from divestitures, net of cash sold, and disposal of property and equipment, Net cash provided by/(used in) investing activities, Proceeds from interest rate swap terminations, Net tax proceeds/(withholdings) from share-based compensation, Effect of exchange rates changes on cash and equivalents, Cash and equivalents reclassified to assets held for sale, Net increase/(decrease) in cash and equivalents, Cash and equivalents at beginning of period.
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