Cardinal Health (CAH) Tops Q4 EPS by 7c, Offers FY Guidance

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Go back to Cardinal Health (CAH) Tops Q4 EPS by 7c, Offers FY Guidance

Cardinal Health Reports Fourth Quarter and Full Year Results for Fiscal Year 2020

August 6, 2020 6:55 AM EDT

DUBLIN, Ohio, Aug. 6, 2020 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today reported fourth quarter fiscal year 2020 revenues of $36.7 billion, a decrease of 2 percent from the fourth quarter last year. GAAP operating earnings were $270 million and non-GAAP operating earnings were $442 million in the quarter, both of which include an estimated net negative impact of approximately $130 million due to the COVID-19 pandemic. GAAP diluted earnings per share (EPS) were $2.23, which included a pre-tax gain of $579 million related to the divestiture of a minority equity interest. Fourth quarter non-GAAP diluted EPS were $1.04.

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