Cardinal Health, Inc. (CAH) Q2 2023 Earnings Call Transcript

Cardinal Health, Inc. (NYSE:CAH) Q2 2023 Earnings Conference Call February 2, 2023 8:30 AM ET

Company Participants

Kevin Moran – Vice President-Investor Relations

Jason Hollar – Chief Executive Officer

Aaron Alt – Chief Financial Officer

Trish English – Interim Chief Financial Officer

Conference Call Participants

Lisa Gill – JPMorgan

Elizabeth Anderson – Evercore

Michael Cherny – Bank of America

Erin Wright – Morgan Stanley

George Hill – Deutsche Bank

Andrea Alfonso – UBS

Charles Rhyee – Cowen

Steven Valiquette – Barclays

Eric Percher – Nephron Research

Taji Phillips – Jefferies

A.J. Rice calling – Credit Suisse

Operator

Hello, and welcome to the Second Quarter FY2023 Cardinal Health Earnings Conference Call. Please note, this call is being recorded. And for the duration of the call, your lines will be on listen-only. However, you will have the opportunity to ask question at the end of the call. [Operator Instructions]

I will now hand over to your host, Mr. Kevin Moran, VP of Investor Relations, to begin today's conference. Thank you.

Kevin Moran

Good morning and welcome. Today, we will discuss Cardinal Health's second quarter fiscal 2023 results, along with updates to our full year outlook. You can find today's press release and earnings presentation on the IR section of our website at ir.cardinalhealth.com. Joining me today are Jason Hollar, our Chief Executive Officer; Trish English, our Interim Chief Financial Officer; and Aaron Alt, who will take over as our Chief Financial Officer beginning February 10.

During the call, we'll be making forward-looking statements. The matters addressed in the statements are subject to the risks and uncertainties that could cause actual results to differ materially from those projected or implied. Please refer to our SEC filings and the forward-looking statement slide at the beginning of our presentation for a description of these risks and uncertainties.

Please note that during our discussion today, our comments will be on a non-GAAP basis unless they are specifically called out as GAAP. GAAP to non-GAAP reconciliations for all relevant periods can be found in the schedules attached to our press release. During the Q&A portion of today's call, we please ask that you limit yourself to one question so that we can try and give everyone in the queue an opportunity.

With that, I'll turn the call over to Jason.

Jason Hollar

Thanks, Kevin, and good morning, everyone. Before we dive in, I'd like to take a moment to welcome Aaron Alt to Cardinal Health as our incoming Chief Financial Officer. We're excited to have Aaron on board. He brings a breadth of financial and operational experience to our organization, including a background in distribution and he's already hit the ground running in his first few weeks. I'm confident he will be a valuable addition as the leader of our finance organization, contributor to our executive committee and a seamless fit with our company culture.