San Diego Business Journal

CareFusion Has $3.6B in Sales, Net Income Climbs

By Mike Allen Tuesday, August 14, 2012

CareFusion Corp., the San Diego medical device manufacturer, reported fiscal fourth quarter net income of $110 million, up from $85 million in the like quarter of 2011.

For the full 2012 fiscal year, CareFusion reported net income of $303 million, compared with net income of $244 million for its 2011 fiscal year.

Revenue in the past quarter was $968 million, up 3 percent from the $940 million in revenue in the prior year’s fourth quarter.

For the full year, CareFusion reported annual revenue of $3.6 billion, up 5 percent from its 2011 fiscal year revenue.

The company forecast annual revenue for the 2013 fiscal year to grow by 1 to 3 percent, while adjusted per share, diluted earnings are expected to finish the year in a range of $1.92 to $2.02.

Traded on the New York Stock Exchange under CFN, shares closed at $26.93 on Aug. 13, up 64 cents from the prior day’s closing price. Its 52-week range is $22.55 to $27.29.

— Mike Allen