8-KEarnings & ResultsLeadership ChangesRegulation FD+1

CARDINAL HEALTH INC 8-K Report, Financial Results (Feb 8, 2018)

Filed February 8, 2018For Securities:CAH

Summary

Cardinal Health, Inc. (CAH) filed an 8-K on February 8, 2018, primarily to announce its financial results for the second quarter ended December 31, 2017. While the specific financial figures are not detailed within the 8-K itself, the filing indicates that a press release (Exhibit 99.1) was issued on February 8th, containing these results. Investors should refer to this press release for detailed performance metrics. Additionally, the company held a webcast on February 8th to discuss these results and the outlook for the fiscal year ending June 30, 2018, with presentation materials available on their investor relations website. Beyond the financial reporting, the 8-K also disclosed a significant change in leadership composition. Akhil Johri was elected to the Board of Directors, effective immediately, and appointed to the Audit Committee. Mr. Johri brings substantial financial expertise as the Executive Vice President and Chief Financial Officer of United Technologies Corporation and has been deemed independent by the Board, aligning with NYSE and company governance standards. This appointment could be viewed positively by investors seeking experienced oversight.

Key Highlights

  • 1Cardinal Health announced its second-quarter financial results for the period ending December 31, 2017, via a press release filed as Exhibit 99.1.
  • 2The company hosted a webcast on February 8, 2018, to discuss quarterly results and provide an outlook for the fiscal year ending June 30, 2018.
  • 3Akhil Johri was elected to the Board of Directors, effective immediately.
  • 4Mr. Johri was appointed to serve on the Board's Audit Committee.
  • 5Mr. Johri is the Executive Vice President and Chief Financial Officer of United Technologies Corporation, bringing significant financial experience to the board.
  • 6The Board determined Mr. Johri to be independent, consistent with NYSE listing standards and company governance policies.

Frequently Asked Questions

The specific financial results are detailed in the press release issued by Cardinal Health, Inc. on February 8, 2018, which is included as Exhibit 99.1 to this 8-K filing. You can also find this information, along with presentation materials, on the Investors page of Cardinal Health's website at ir.cardinalhealth.com.

Akhil Johri's appointment to the Board of Directors and the Audit Committee is significant as he brings extensive financial expertise, currently serving as the EVP and CFO of United Technologies Corporation. His independence, as determined by the Board, also ensures robust corporate governance and oversight for investors.

The 8-K filing indicates that the company's Chief Executive Officer and Chief Financial Officer discussed the outlook for the fiscal year ending June 30, 2018, during the webcast held on February 8, 2018. For details on this outlook, investors should refer to the webcast presentation materials available on the company's investor relations website.