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Cardinal Well being (NYSE: CAH), a number one prescription drugs distributor, on Wednesday reported a rise in revenues and adjusted revenue for the fourth quarter of 2024.
Fourth quarter income elevated 12% year-over-year to $59.9 billion, primarily reflecting robust gross sales progress within the core enterprise segmentRevenue for the Pharmaceutical and Specialty Options phase elevated 13% to $55.6 billion in Q4The World Medical Merchandise and Distribution phase elevated by 2% to $3.1 billion in the course of the three monthsOperating earnings greater than tripled to $401 million within the fourth quarterNet revenue, on a reported foundation, was $235 million or $0.96 per share in This fall, vs. a lack of $56 million or $0.22 per share a 12 months earlierAdjusted earnings elevated 29% to $1.84 per share from $1.43 per share within the prior-year quarterIn the complete fiscal 12 months, working money circulate and adjusted free money circulate reached all-time highs of $3.8 billion and $3.9 billion, respectivelyThe firm raised adjusted EPS steerage for fiscal 2025 to $7.55-$7.70 from the earlier forecast of ‘not less than’ $7.50
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