PR Newswire
DUBLIN, Ohio, Aug. 2, 2016
DUBLIN, Ohio, Aug. 2, 2016 /PRNewswire/ -- Cardinal Health today reported fourth-quarter fiscal year 2016 revenues of $31.4 billion, an increase of 14 percent from the fourth quarter last year, and fiscal 2016 revenues of $121.5 billion, an increase of 19 percent from the same period last year.
For the quarter, the company reported growth in GAAP operating earnings of 11 percent to $620 million and in non-GAAP operating earnings of 5 percent to $643 million. GAAP operating earnings for fiscal year 2016 were $2.5 billion, an increase of 14 percent, and non-GAAP operating earnings for the fiscal year were $2.9 billion, an increase of 17 percent from the prior fiscal year.
For the quarter, GAAP diluted earnings per share from continuing operations2 (EPS) increased 16 percent to $1.02, while non-GAAP diluted EPS increased 14 percent to $1.14. GAAP diluted EPS for fiscal year 2016 increased 20 percent to $4.32, and non-GAAP diluted EPS increased 20 percent to $5.24.
"We finished fiscal 2016 having generated the highest revenues, the largest GAAP and non-GAAP operating earnings, and the greatest operating cash flow in our company's history. Our teams worked incredibly hard this past year while never losing sight of the ultimate goal – serving patients and their families," said George Barrett, chairman and CEO of Cardinal Health, Inc. "The Cardinal Health team is well-positioned to adapt, innovate and lead during a time of great change in the healthcare industry."
Q4 and Fiscal Year Summary
| Q4 FY16 | Q4 FY15 | Y/Y | FY16 | FY15 | Y/Y |
Revenue | $31.4 billion | $27.5 billion | 14% | $121.5 billion | $102.5 billion | 19% |
| | | | | | |
GAAP Operating Earnings | $620 million | $558 million | 11% | $2,459 million | $2,161million | 14% |
Non-GAAP Operating Earnings | $643 million | $611 million | 5% | $2,895 million | $2,472 million | 17% |
| | | | | | |
GAAP Earnings from Continuing Operations2 | $333 million | $293 million | 14% | $1,427 million | $1,212 million | 18% |
Non-GAAP Earnings from Continuing Operations2 | $372 million | $333 million | 12% | $1,732 million | $1,469 million | 18% |
| | | | | | |
GAAP Diluted EPS from Continuing Operations2 | $1.02 | $0.88 | 16% | $4.32 | $3.61 | 20% |
Non-GAAP Diluted EPS from Continuing Operations2 | $1.14 | $1.00 | 14% | $5.24 | $4.38 | 20% |
SEGMENT RESULTS
Pharmaceutical Segment
Fourth-quarter revenue for the Pharmaceutical segment increased 14 percent to $28.2 billion due to growth from existing and net new Pharmaceutical Distribution customers and, to a lesser extent, performance from the Specialty business. Segment profit for the quarter increased 1 percent to $542 million due to contributions from acquisitions, largely offset by the loss of a large customer contract, which expired on March 31, 2016.
For the full year, revenue for the Pharmaceutical segment increased 20 percent to $109.1 billion, and segment profit increased 19 percent to $2.5 billion.
| Q4 FY16 | Q4 FY15 | Y/Y | FY16 | FY15 | Y/Y |
Revenue | $28.2 billion | $24.7 billion | 14% | $109.1 billion | $91.1 billion | 20% |
Segment Profit | $542 million | $535 million | 1% | $2.5 billion | $2.1 billion | 19% |
Medical Segment
Fourth-quarter revenue for the Medical segment increased 12 percent to $3.2 billion primarily due to contributions from acquisitions, and, to a lesser extent, growth from Cardinal Health Brand products. Segment profit increased 19 percent to $122 million due to contributions from acquisitions and Cardinal Health Brand products.
Full-year revenue for the Medical segment increased 9 percent to $12.4 billion, and segment profit increased 6 percent to $457 million.
| Q4 FY16 | Q4 FY15 | Y/Y | FY16 | FY15 | Y/Y Werbung Mehr Nachrichten zur Cardinal Health Aktie kostenlos abonnieren
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