Summary
Cardinal Health, Inc. (CAH) filed an 8-K on January 22, 2004, to report its financial results for the second fiscal quarter ended December 31, 2003. The filing includes a press release detailing these results and a management discussion explaining the rationale behind presenting performance excluding special charges. This suggests that the company is focusing on its core operational performance and believes that excluding certain one-time items provides a clearer picture of ongoing trends for investors.
Key Highlights
- 1The 8-K filing announces the results for Cardinal Health's second fiscal quarter ended December 31, 2003.
- 2A press release containing the quarterly financial results is attached as Exhibit 99.01.
- 3The company is providing a management discussion on the exclusion of special charges from reported results.
- 4This discussion, attached as Exhibit 99.02, explains why excluding special charges offers a useful view of current performance and trends.
- 5The filing is considered 'furnished' rather than 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.
- 6This indicates a focus on transparency regarding how the company views its operational performance.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Cardinal Health's financial results for the second fiscal quarter ended December 31, 2003, and to provide context on how management views the company's performance, particularly concerning the exclusion of special charges.
Exhibit 99.01 is a press release detailing the company's financial results for the second fiscal quarter. Exhibit 99.02 is a management discussion explaining the company's rationale for presenting financial results that exclude special charges, highlighting its view on current performance and trends.
The company believes that presenting results excluding special charges provides a useful representation of its current performance and trends. This approach aims to give investors a clearer view of the ongoing operational health of the business by setting aside the impact of one-time or non-recurring items.
The information in this filing, including the exhibits, is intended to be 'furnished' rather than 'filed' under Section 18 of the Securities Exchange Act of 1934. This means it is not subject to the same level of liability as a 'filed' document, but it still provides important insights into the company's financial performance and management's perspective.