Prescribed drugs distributor Cardinal Well being (NYSE: CAH) reported a pointy enhance in income and adjusted earnings for the primary quarter of fiscal 2026. The corporate additionally raised its full-year steering.
- First-quarter income elevated 22% year-over-year to $64 billion
- The Pharmaceutical and Specialty Options section income elevated 23%; International Medical Merchandise and Distribution income rose 2%
- Web revenue elevated to $450 million or $1.88 per share in Q1 from $416 million or $1.70 per share final 12 months
- On an adjusted foundation, earnings had been $2.55 per share within the September quarter, vs. $1.88 per share in Q1 2025
- Working earnings elevated 18% from final 12 months to $668 million within the first quarter; adj. working earnings rose 37%
- The administration raised its fiscal 12 months 2026 adjusted earnings steering to $9.65-9.85 per share
- The outlook for full-year adjusted free money move has been elevated to the vary of $3.0 to $3.5 billion
