Cardinal Health, Inc. (CAH) CEO Michael Kaufmann on Q4 2022 Results - Earnings Call Transcript

Cardinal Health, Inc. (NYSE:CAH) Q4 2022 Earnings Conference Call August 11, 2022 8:30 AM ET

Company Participants

Kevin Moran - VP, IR

Michael Kaufmann - CEO & Director

Jason Hollar - CFO

Conference Call Participants

Lisa Gill - JPMorgan Chase & Co.

George Hill - Deutsche Bank

Michael Cherny - Bank of America Merrill Lynch

Steven Valiquette - Barclays Bank

Eric Percher - Nephron Research

Charles Rhyee - Cowen and Company

Rivka Goldwasser - Morgan Stanley

Kevin Caliendo - UBS

Elizabeth Anderson - Evercore ISI

Operator

Good day, and welcome to the Fourth Quarter and Full Year 2022 Cardinal Health Inc. Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Kevin Moran, Vice President of Investor Relations. Please go ahead, sir.

Kevin Moran

Good morning, and welcome. Today, we will discuss Cardinal Health's Quarter and year-end fiscal 2022 results along with our outlook for fiscal year 2023. 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 Mike Kauffmann, Chief Executive Officer; Jason Hollar, Chief Financial Officer; and Chief Accounting Officer. During the call, we will 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 full 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 schedules attached to our press release. During the Q&A portion of today's call, we kindly ask that you please limit yourself to one question so that we can try and give everyone an opportunity.

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

Michael Kaufmann

Thanks, Kevin, and good morning, everyone. As I am sure many of you have seen, a short time ago, we issued a press release, announcing that I am stepping down as CEO and as a Board member of Cardinal Health, but will continue to serve through August 31. Effective September 1, Jason will become Cardinal's new CEO. He has also been appointed as a board member effective today. They say timing is everything, and I believe as we start a new fiscal year, the time is right for me to step away as CEO and open the door for a new leader to take Cardinal Health forward over the coming years. I have been blessed to be part of the Cardinal Health family for 32 years. In that time, I've seen our company grow and evolve in many ways. We are truly essential to care, and I'm honored to have been part of it. Jason has been a tremendous partner over the past 2-plus years, and has been instrumental in many of our strategic initiatives. He deeply understands our business, priorities and industry landscape. And the board and I are confident that he is the right person for the job.