Q3 2023 Cardinal Health Inc Earnings Call

May 4, 2023

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To Eric Percher of debt problems. Please go ahead.

Thank you stay on the farm aside I wanted to ask whether the changes we're seeing to lift prices around the insulin products and the potential for more changes in front of the ANP cap sunset.

Next year is significant I understand this is a change to fee for service economics and that gives you a right to renegotiate, but how would you characterize renegotiations of that type when they come up and are you confident you can maintain absolute profit or something close to it.

Not called out any significant movements on other commodities, there's clearly movement. There's some better there's there's some that have not improved overall, it's consistent with our expectations, we expected a little bit of an improvement across the board and we just haven't seen anything more than that outside of international freight we do have some categories or just staying very high like like non-wovens.

Where there's a bit of a geopolitical impact on those types of course, not just on on raw input costs and so that is something that may or may not change in in the future. It's why we have to have the right structure in the contract. If there was a further shock to be able to have more flexibility with with our price adjustments, but overall, we're seeing the other commodities.

Thank you most of might've been covered but I did want to hit on the generics pricing topic I know you've made some positive comments during the call, but but also suggested that market dynamics are generally consistent we've seen some generic pricing in our data some generic pricing deflation improvement over the last few months I'm curious.

Now expecting the profit guidance to be 10.5% to 12% you know for the full year. That's in contrast to our earlier guidance of low single digits amid single digit. So we are expecting a good finish to the area from this business and we're excited to see you all on June 8th at our Investor Day presentation.

Thank you very much ladies and gentlemen that will conclude today's.

Q and a session like doing the call back over to Mister Jason Hall or for any additional <unk>.

Yeah, great. Thank thank you and thank everyone for joining us today I know that we threw a lot out at you today, but we have a lot going on as an organization and just wanted to share the progress with you and give you more insight July the key drivers by step back and just think about what we went through certainly feel terrific about the progress that we're making across the enterprise.

Farm that has of course, a fantastic order a fantastic year broad based as we talked on the medical side of the business. We have opportunity. We're very very focused on driving the medical improvement plan. So really good about the progress. We made are clearly, making and three of those four pillars. We have work to do on the the underlying volume.

So I have more confidence in where the market is going for that line also have confidence in the leading indicators that will take for us to get our fair share of that volume of course also we're very pleased with the cash performance that we had and that we talked about today and that raising that guidance nearing that guy and says well it highlights both the strong cash management, though we have but also.

The responsible capital deployment, that's going along with that so just again. Thank you for your time today and look forward to seeing you all of you at the Investor Day on June 8th.

I've taken a bunch of ladies.

<unk> described disconnect I have a good day and goodbye.

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Q3 2023 Cardinal Health Inc Earnings Call

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