Cardinal Health, Inc Closed Now

Cardinal Health, Inc. is a leading healthcare services and products company, headquartered in Dublin, Ohio, and founded in 1971. It specializes in delivering essential healthcare supply chain solutions—distributing pharmaceuticals, medical and surgical products, and providing performance and data services across hospitals, pharmacies, clinics, and home settings. The company also operates a network of radiopharmacies and manufactures critical medical products such as gloves and devices. cardinalhealth.com+1Wikipedia+1

During fiscal year 2024 (ending June 30), Cardinal Health generated US $226.8 billion in revenue—up 11% year-over-year driven by strong growth in its Pharmaceutical & Specialty Solutions segment and improvements within Global Medical Products & Distribution (GMPD). Non-GAAP operating earnings increased 16% to US $2.4 billion, while adjusted non-GAAP diluted EPS rose 29% to US $7.53. www.alphaspread.com+6akcier.com+6homecaremag.com+6

In Q4 FY2024 specifically, revenue climbed 12% to $59.9 billion, with non-GAAP operating earnings of $605 million and EPS of $1.84. The Pharmaceutical & Specialty Solutions segment expanded by 13% to $55.6 billion, while GMPD rose 2% to $3.1 billion. Other segments, including at‑Home Solutions and logistics, grew 15%. wire.expertini.com+6stocktitan.net+6akcier.com+6

Cardinal Health has executed a turnaround plan in its GMPD segment and expects to generate at least $500 million in additional cash over two years via simplification and capital efficiency strategies. The company also increased its planned share repurchases for fiscal year 2025 to $750 million. www.alphaspread.com

Looking to the future, Cardinal Health is growing through strategic acquisitions like GI Alliance (gastroenterology management services) for $2.8 billion and Advanced Diabetes Supply Group ($1.1 billion), boosting its footprint in specialty and at-Home solutions. Combined with its scale and capital generation, these initiatives position the company for continued growth in healthcare logistics and distribution. reddit.com+1Wikipedia+1