Cardinal Health Reports First Quarter Fiscal Year 2027 Results and Raises Outlook
Cardinal Health reported a 5% increase in first quarter fiscal year 2027 revenues to $67.5 billion and raised its fiscal year 2027 guidance for non-GAAP diluted EPS.
Cardinal Health reported first quarter fiscal year 2027 revenues of $67.5 billion, a 5% increase from the previous year. GAAP operating earnings increased 13% to $753 million, and GAAP diluted earnings per share rose 27% to $2.38.
Non-GAAP operating earnings increased 17% to $1.0 billion, and non-GAAP diluted EPS increased 28% to $3.26. The company's Pharmaceutical and Specialty Solutions segment saw a 6% revenue increase to $62.6 billion.
Cardinal Health raised its fiscal year 2027 guidance for non-GAAP diluted EPS to $12.80 to $13.00, reflecting 17% to 19% growth compared to the previous year's baseline. The updated guidance follows a strong first quarter performance.
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