MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Cardinal Health Sales Down 11.9% in 2Q

Cardinal Health (NYSE: CAH), Dublin, OH, reported sales for the second quarter, ended Dec. 31, 2013, of $22.2 billion, a decrease of 11.9 percent. Profit decreased 8.3 percent to $278 million.

For the first six months of the fiscal year, sales were $46.8 billion, an 8.5 percent decrease from the previous year. The company reported a profit of $617 million, an increase of 7.3 percent from the same period in 2013.

"The signing of our generic sourcing joint venture with CVS Caremark reflects (our) focus and strengthens our long-term positioning in our pharmaceutical segment," said George Barrett, CEO of Cardinal Health. "Our medical segment continues to pursue new ways to serve the health care system, building out our preferred medical products portfolio and expanding our platform to serve patients in alternate sites of care, including the home."

Revenue for the pharmaceutical segment declined 15 percent to $19.4 billion while profit increased 9 percent to $482 million. Revenue for the medical segment was up 13 percent to $2.8 billion, while profit increased 40 percent to $131 million.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center