Cardinal Health Expects to Record Most of Between $120 Million-$145 in Restructuring Charges in FY20
August 08 2019 - 7:53AM
Dow Jones News
By Allison Prang
Cardinal Health Inc. (CAH) is guiding to have restructuring
charges between $120 million and $145 million as part of
cost-savings efforts, and said the bulk of those should be recorded
in the current fiscal year.
The company expects adjusted earnings to be between $4.85 a
share and $5.10 a share for the fiscal year. Analysts polled by
FactSet are expecting $5.09 a share.
Cardinal Health said an expected incremental $130 million in
cost savings from attempts to simplify the company are included in
its expectations for the current fiscal year.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
August 08, 2019 07:38 ET (11:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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