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Cardinal Health (CAH) Q2 FY25 earnings results (second quarter fiscal 2025)

10-Q filed Jan 30, 2025

Cardinal Health (CAH) reported revenue of $55.3B for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and +6% from the quarter before. Operating margin was 1.0%, net earnings $401M (0.7% of revenue).

Revenue$55.3B
Year over year-4%
Quarter over quarter+6%
Operating margin1.0%
Net earnings$401M

Cardinal Health, Q2 FY25: revenue $55.3B (-4% year over year), operating margin 1.0%, net earnings $401M, operating cash flow −$396M. The chart follows the revenue to costs, profit and cash.

Q2 FY25AmountQ/QY/Y
Revenue$55.3B+6%-4%
Gross profit$1.9B+2%+5%
Operating profit$549M-3%+9%
Net earnings$401M-4%+9%
Operating cash flow−$396M——

What changed

Revenue was $55.3B in Q2 FY25, down 4% year over year and up 6% from the previous quarter.

Gross margin was 3.5%, up 0.3 points from a year earlier. Operating profit was $0.55B, a 1.0% margin (up 0.1 points year over year). Operating expenses grew 3% against a revenue fall of 4%. Net earnings were $0.40B, up 9% year over year. The effective tax rate was 21.5%.

Operating cash flow was −$0.40B. Non-cash charges added back $0.19B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.49B.

Questions

What was Cardinal Health's revenue in the second quarter fiscal 2025?

Cardinal Health (CAH) reported revenue of $55.3B for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and +6% from the quarter before.

Was Cardinal Health profitable in the second quarter fiscal 2025?

Operating profit was $549M (1.0% of revenue) and net earnings $401M.

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Source: Cardinal Health 10-Q on SEC EDGAR.