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Cardinal Health, Inc. and Subsidiaries Segment Information Fiscal Year 2022 Fiscal Year 2023 Fiscal Year 2024 (in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD Segment Revenue Pharmaceutical and Special

Key Takeaway: Cardinal Health, Inc. reported their segment information for fiscal years 2022, 2023, and 2024, showcasing robust revenue growth in the Pharmaceutical and Specialty Solutions segment. The total segment revenue grew, while the Pharmaceutical segment profit demonstrated resilience with an increase from the previous fiscal year. However, the Global Medical Products and Distribution segment suffered considerable losses, reflecting challenges within that area. Overall, while Cardinal Health shows strong metrics in certain segments, there are specific areas, particularly in medical products, that are underperforming.

Market Sentiment Analysis

POSITIVE FACTORS

  • Strong revenue growth in Pharmaceutical and Specialty Solutions segment.
  • Increase in total segment profit despite challenges in Global Medical Products.
  • Positive growth rates across multiple segments indicate healthy performance.

CONCERNS & RISKS

  • Global Medical Products and Distribution experienced losses in several quarters.
  • Notable decline in profit for the Global Medical Products segment.

Full Press Release Details

Cardinal Health, Inc. and Subsidiaries
Fiscal Year 2022 Fiscal Year 2023 Fiscal Year 2024
(in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD
Segment Revenue
Pharmaceutical and Specialty Solutions $ 39,614 $ 41,166 $ 40,727 $ 43,080 $ 164,587 $ 45,550 $ 47,395 $ 46,496 $ 49,379 $ 188,820 $ 50,683 $ 53,190 $ 103,873
Growth Rate 15 % 15 % 14 % 15 % 15 % 11 % 12 % 12 %
Global Medical Products and Distribution 3,532 3,404 3,241 3,119 13,296 3,096 3,055 2,989 3,054 12,194 3,032 3,119 6,151
Growth Rate (12) % (10) % (8) % (2) % (8) % (2) % 2 % - %
Other 838 904 887 920 3,549 976 1,037 1,025 1,039 4,077 1,069 1,156 2,225
Growth Rate 16 % 15 % 16 % 13 % 15 % 10 % 11 % 11 %
Total Segment Revenue 1,2 $ 43,984 $ 45,474 $ 44,855 $ 47,119 $ 181,432 $ 49,622 $ 51,487 $ 50,510 $ 53,472 $ 205,091 $ 54,784 $ 57,465 $ 112,249
Growth Rate 13 % 13 % 13 % 13 % 13 % 10 % 12 % 11 %
Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD
Segment Profit
Pharmaceutical and Specialty Solutions $ 375 $ 401 $ 454 $ 411 $ 1,641 $ 399 $ 435 $ 560 $ 468 $ 1,862 $ 472 $ 489 $ 961
Growth Rate 6 % 8 % 23 % 14 % 13 % 18 % 12 % 15 %
Global Medical Products and Distribution 58 (24) (2) (81) (49) (75) (54) (46) 13 (162) 1 (3) (2)
Growth Rate N.M. N.M. N.M. N.M. N.M. N.M. N.M. N.M.
Other 96 99 94 105 394 99 100 106 105 410 105 103 208
Growth Rate 3 % 1 % 13 % - % 4 % 6 % 3 % 5 %
Total Segment Profit 1,2 $ 529 $ 476 $ 546 $ 435 $ 1,986 $ 423 $ 481 $ 620 $ 586 $ 2,110 $ 578 $ 589 $ 1,167
Growth Rate (20) % 1 % 14 % 35 % 6 % 37 % 22 % 29 %
1 These totals do not include certain items recorded in Corporate which are not allocated to the segments. There are no changes to the company's previously reported total consolidated revenue or operating earnings (loss).
2 The recast segment results reflect changes in the elimination of inter-segment revenue and allocated corporate expenses for shared functions, which are driven by the reporting structure change effective in the third quarter of fiscal 2024. For example, reflecting the changes in allocated corporate expenses, segment profit for the former Pharmaceutical Segment would have decreased by $10M and $13M in fiscal 2023 and fiscal 2022, respectively, with corresponding increases to segment profit for the former Medical Segment.
The sum of the components and certain computations may reflect rounding adjustments.

Frequently Asked Questions

What is the total revenue for Fiscal Year 2023?

The total segment revenue for fiscal year 2023 is $205,091 million.

How did Pharmaceutical Solutions perform in Q1 FY 2024?

In Q1 FY 2024, Pharmaceutical Solutions generated $50,683 million in revenue.

What was the growth rate for Global Medical Products in FY 2022?

The growth rate for Global Medical Products in fiscal year 2022 was -8%.

What was the segment profit for Other in Q2 FY 2023?

The segment profit for Other in Q2 FY 2023 was $100 million.

How did total segment profit change in Q4 FY 2023?

Total segment profit in Q4 FY 2023 increased to $586 million.

Last updated: Apr 23, 2024