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Carefusion Corp (CFN) SEC Filing 10-K Annual report for the fiscal year ending Thursday, June 30, 2011

Carefusion Corp

CIK: 1457543 Ticker: CFN

Exhibit 99.1

LOGO

                3750 Torrey View Ct

                San Diego, CA 92130

                www.CareFusion.com

FOR IMMEDIATE RELEASE

Contacts:

 

Media:   

Jim Mazzola

(858) 617-1203

jim.mazzola@carefusion.com

      Investors:   

Carol Cox

(858) 617-2020

carol.cox@carefusion.com

CAREFUSION REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS

 

   

Fiscal 2011 GAAP income from continuing operations of $291 million, or $1.29 per diluted share; adjusted income from continuing operations of $371 million, or $1.65 per diluted share

 

   

Fiscal 2012 adjusted diluted earnings per share (EPS) guidance range of $1.80 to $1.90; revenue growth of 3 to 5 percent over fiscal 2011 on a constant currency basis

SAN DIEGO, Aug. 8, 2011 – CareFusion Corp. (NYSE: CFN), a leading, global medical technology company, today reported results for the quarter and fiscal year ended June 30, 2011.

“Growth in our Infusion, Dispensing and Infection Prevention businesses, gross margin expansion and the benefit of strong spending controls drove double digit improvements in our adjusted operating earnings for the quarter and for the year,” said Kieran Gallahue, chairman and CEO. “We continue to make progress in optimizing our product portfolio and expanding our geographical footprint. We recently acquired pharmacy automation innovator Rowa, enabling us to expand our Pyxis platform outside the U.S.”

“Looking ahead to fiscal 2012, we will continue to leverage operational efficiencies and reduce complexity across our businesses to drive bottom line growth that outpaces our top line growth. We are expecting revenue growth in a range of 3 to 5 percent over fiscal 2011 results, representing an improvement over the 2 percent growth we had this year and acceleration over the low single digit growth rates we are seeing in the markets where we participate. For adjusted EPS we are guiding to a range of $1.80 to $1.90.”

CareFusion’s reported results compare to the quarter and fiscal year periods ended June 30, 2010.

Results from the company’s International Surgical Products (ISP) business, which had been included in the Medical Technologies and Services segment and was divested in April 2011, have been classified as discontinued operations in the accompanying financial tables. Reported results for continuing operations and comparisons to prior periods exclude the historical results of the ISP business.


The following information was filed by Carefusion Corp (CFN) on Monday, August 8, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: CFN
CIK: 1457543
Form Type: 10-K Annual Report
Accession Number: 0001193125-11-216592
Submitted to the SEC: Tue Aug 09 2011 4:36:07 PM EST
Accepted by the SEC: Tue Aug 09 2011
Period: Thursday, June 30, 2011
Industry: Surgical And Medical Instruments And Apparatus

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