Cardinal Health (CAH) Provides Medical Segment Fiscal Year 2022 Financial Update
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Cardinal Health Provides Medical Segment Fiscal Year 2022 Financial Update
January 10, 2022 6:55 AM ESTDUBLIN, Ohio, Jan. 10, 2022 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today provided a fiscal year 2022 financial update for the Medical segment. The company now expects additional inflationary impacts and lower volumes resulting primarily from global supply chain constraints, and a lower-than-expected offset from pricing actions. The company estimates this incremental impact will be approximately $150 million to $175 million to fiscal year 2022 Medical segment profit and approximately $0.40 to $0.45 per share to non-GAAP diluted EPS. Excluding this impact to the Medical segment and non-GAAP diluted EPS, the company's other financial expectations1 for fiscal year 2022 remain unchanged.
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