Cardinal Health, Inc.: How Are They Achieving Specialty Business Growth Despite Nonrenewal Challenges!

Cardinal Health Incorporated has shown a remarkable year with strong operational performance, achieving a considerable improvement in key financial metrics as highlighted in their Fourth Quarter FY 2024 Earnings. During the fiscal year 2024, Cardinal Health reported striking growth in earnings per share (EPS), marking a 29% increase in both the fourth quarter and for the entire year. The substantial growth in EPS throughout FY 2024 to $7.53 indicates a positive trajectory exceeding the company’s initial guidance significantly. Another achievement for Cardinal Health was the generation of nearly $4 billion in adjusted free cash flow, positioning the company strongly with about $5 billion in cash at the year-end. This robust financial position supported the company’s capital return of $1.25 billion to shareholders within the fiscal year.