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Mr. Walter also said the goal Cardinal Health set, to reach agreements that convert a majority of its targeted fiscal 2006 branded pharmaceutical vendor margin to non contingent measures, was effective in focusing discussions with manufacturers. Furthermore, he said he is pleased with the progress and status of ongoing negotiations with pharmaceutical manufacturers, that a more detailed update would be provided when the company announces third quarter results on April 29, and that Cardinal Health does not anticipate disruptions in supply to its customers based on the status of current negotiations.
The company continues to expect earnings per share for fiscal 2006 to grow at a rate New York Knicks Caps
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DUBLIN, Ohio, April 1 /PRNewswire FirstCall/ In a presentation to investors today, Chairman and CEO Robert D. Walter reviewed the performance of Cardinal Health's business segments and provided an update to the company's fiscal year 2005 earnings per share guidance.
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Except for historical information, New Era Nfl Beanies Wholesale
all other information in this news release consists of forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. Cardinal Health undertakes no obligation to update or revise any forward looking statement.
In the presentation, filed this morning with the Securities and Exchange Commission, Mr. Walter said short term earnings volatility driven primarily by vendor margin volatility in the company's pharmaceutical distribution business and Nike Caps For Men a lag in the installation of committed contracts for Pyxis products will result in approximately 10 cents per share risk to the lower end of its previously provided guidance range. The company said on Feb. 4 that it expected earnings per share for fiscal 2005 to be $3.20 to $3.40, excluding special items and non recurring charges.
Cardinal Health, Inc. (BIIB) / Nike Hat Metal Swoosh
About Cardinal HealthHeadquartered in Dublin, Ohio, Cardinal Health employs more than 55,000 people on six continents and produces annual revenues of more than $65 billion.
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considerably above its long term growth goal of mid teens or better, excluding special items and non recurring charges.
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