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Cardinal Health Inc (CAH)

CAH on New York Consolidated

57.51USD
17 Nov 2017
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$0.09 (+0.16%)
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Latest Key Developments (Source: Significant Developments)

Shanghai Pharmaceuticals' unit‍ signs deal to acquire Cardinal in Malaysia
Tuesday, 14 Nov 2017 07:58pm EST 

Nov 15 (Reuters) - Shanghai Pharmaceuticals Holding Co Ltd <601607.SS>:Says its unit‍ Century Global signs deal to acquire Cardinal Malaysia for about $557 million.  Full Article

Cardinal Health says shareholders re-elected all 11 members to board in preliminary voting ​
Wednesday, 8 Nov 2017 04:15pm EST 

Nov 8 (Reuters) - Cardinal Health Inc :Cardinal Health - ‍based on preliminary results of shareholder voting at co's annual meeting, shareholders re-elected all 11 members to board​.  Full Article

Cardinal Health Inc outlines leadership succession plan
Monday, 6 Nov 2017 06:55am EST 

Nov 6 (Reuters) - Cardinal Health Inc :Cardinal Health Inc outlines leadership succession plan.Cardinal Health Inc - ‍Jorge Gomez, CFO of Cardinal Health's medical segment, to succeed Kaufmann as chief financial officer​.Cardinal Health Inc - ‍Mike Kaufmann named chief executive officer, effective January 1, 2018​.Cardinal Health Inc - ‍George Barrett continues as executive chairman of board through november 2018 annual meeting of shareholders​.Cardinal Health Inc - ‍Kaufmann will succeed George Barrett​.Cardinal Health Inc - ‍Gregory Kenny, Cardinal Health's lead independent director, will assume role of non-executive chairman​.  Full Article

Cardinal Health reports Q1 GAAP earnings per share $0.36
Monday, 6 Nov 2017 06:45am EST 

Nov 6 (Reuters) - Cardinal Health Inc :Cardinal Health Inc reports first-quarter results for fiscal year 2018.Reaffirms fy 2018 non-GAAP earnings per share view $4.85 to $5.10.Q1 revenue $32.6 billion versus I/B/E/S view $33.48 billion.Q1 GAAP earnings per share $0.36.Q1 earnings per share view $1.00 -- Thomson Reuters I/B/E/S.Cardinal Health Inc - ‍first-quarter revenue for pharmaceutical segment increased 1 percent to $28.9 billion​.Fy2018 earnings per share view $4.95 -- Thomson Reuters I/B/E/S.Cardinal Health Inc - qtrly ‍non-GAAP diluted EPS $1.09​.  Full Article

Galena Biopharma says co and Cardinal Health entered into a settlement relating to product swap agreement​
Wednesday, 18 Oct 2017 05:44pm EDT 

Oct 19 (Reuters) - Galena Biopharma Inc :Galena Biopharma Inc says on October 12, co and Cardinal Health entered into a settlement relating to product swap agreement​ - SEC filing.Galena Biopharma Inc - ‍pursuant to agreement , co, Cardinal agreed to resolve all of their outstanding disputes over a product swap agreement​.Galena Biopharma Inc - ‍Cardinal will destroy all of zuplenz oral soluble film that is returned as a result of product swap agreement.Galena Biopharma Inc - ‍product swap agreement with Cardinal will be terminated as of effective date of agreement​.  Full Article

Shanghai Pharmaceuticals submits bids for U.S. drug distributor Cardinal Health's China business
Wednesday, 18 Oct 2017 05:08am EDT 

Oct 18 (Reuters) - Shanghai Pharmaceuticals Holding Co Ltd <601607.SS>:Says it has submitted bids for U.S. drug distributor Cardinal Health's <<>> China business.  Full Article

Cardinal Health - ‍Expects to incur estimated exit or disposal activities costs of $130 mln
Wednesday, 4 Oct 2017 04:30pm EDT 

Oct 4 (Reuters) - Cardinal Health Inc :Cardinal Health - ‍expects to incur estimated costs associated with exit or disposal activities of $130 million on a pre-tax basis.Cardinal Health - ‍expected costs related with restructuring include $125 million in contract termination costs related to existing third-party arrangement.Cardinal Health Inc - $125 million of costs were incurred in 3 months ended Sept 30, remaining costs expected to be incurred in FY ending June 30, 2018.Cardinal Health-entered deal with third-party distributor to effect transition of distribution of medical unit's surgeon gloves in some countries outside U.S..  Full Article

Cardinal Health increases size of sales facility program to $1 bln
Thursday, 31 Aug 2017 06:30am EDT 

Aug 31 (Reuters) - Cardinal Health Inc :Cardinal Health - on Aug 30, unit entered into third amendment to the fourth amended and restated receivables purchase agreement - SEC filing‍​.Cardinal Health Inc - amendment increases size of company's committed receivables sales facility program to $1.0 billion‍​ from $700 million.  Full Article

Cardinal Health says exploring strategic alternatives for its service and distribution business in China - Conf Call
Wednesday, 2 Aug 2017 10:52am EDT 

Aug 2 (Reuters) - Cardinal Health Inc :Cardinal Health CFO sees fiscal-year 2018 revenue in mid-single digit percent growth versus prior year - Conf Call.Cardinal Health expects generic price deflation for fiscal-year 2018 in the mid-single digits - Conf Call.Cardinal Health says exploring strategic alternatives for its service and distribution business in China - Conf Call .  Full Article

Cardinal Health reports Q4 GAAP earnings per share of $0.86
Wednesday, 2 Aug 2017 07:00am EDT 

Aug 2 (Reuters) - Cardinal Health Inc ::Cardinal Health reports Q4 and fiscal 2017 results, provides 2018 guidance.Q4 non-GAAP earnings per share $1.31.Q4 GAAP earnings per share $0.86.Q4 revenue $33 billion versus I/B/E/S view $32.73 billion.Q4 earnings per share view $1.24 -- Thomson Reuters I/B/E/S.Sees FY 2018 non-GAAP earnings per share $4.85 to $5.10 from continuing operations.Sees FY 2019 non-GAAP earnings per share at least $5.60.Sees FY 2017 non-GAAP earnings per share $1.31.Sees fy 2017 GAAP earnings per share $4.03.Sees Q4 revenue $130 billion.Sees Q4 revenue up 5 percent.Fourth-Quarter revenue for pharmaceutical segment increased 5 percent to $29.6 billion.Q4 revenue view $32.73 billion -- Thomson Reuters I/B/E/S.Fy2018 earnings per share view $5.27 -- Thomson Reuters I/B/E/S.Cardinal health says taking some discrete actions, which will affect its eps in fy18 and will improve co's trajectory for 2019 and beyond.Says it is targeting fiscal 2019 non-gaap eps of at least $5.60.  Full Article