CareFusion Corp last week reported a 3% increase in revenue for the second quarter of fiscal 2012, from $886 million in the second quarter of fiscal 2011 to $915 million. Detailed statements of income accompanied the press release.
"Our second quarter results were led by strong performance across the medical systems segment, with our three major businesses achieving positive gains and positioning us well for the second half of the year," said Kieran Gallahue, chairman and CEO. "These results were partially offset by our performance in the procedural solutions segment, as we indicated in our preliminary earnings report last month. We continue to believe that our highly differentiated procedural solutions products will grow faster than the market and remain meaningful contributors to our long-term performance.”
The company reported income from continuing operations in the second quarter of $95 million, or $0.42 per diluted share. Adjusted income from continuing operations increased 4% from the prior year period to $99 million, or $0.44 per diluted share. The adjusted tax rate was 25.2% for the second quarter.
"We continued to make good progress on our efforts to build our foundation and to invest in areas that will help simplify how we do business so we can expand margins and accelerate top-line growth over the long term.” said Gallahue. "We remain committed to our long-term growth targets and are confident we will make progress against these goals this fiscal year."
