Cardinal To Restate Earnings Reports For 2001-2004
This article was originally published in The Pink Sheet Daily
Executive Summary
The wholesaler delays fiscal 2004 10-K filing after an audit committee concludes the last three years of reports will need to be restated. Cardinal predicts 10%-15% earnings decline in first half of fiscal 2005.
You may also be interested in...
$32 Mil. Charge For Accounting Problem Not Sign Of “Material Weakness,” Cardinal Says
Improperly booked vendor credits that necessitated a $32 mil. charge in Cardinal's pharmaceutical distribution business do not reflect a "material weakness," the company said
$32 Mil. Charge For Accounting Problem Not Sign Of “Material Weakness,” Cardinal Says
Improperly booked vendor credits that necessitated a $32 mil. charge in Cardinal's pharmaceutical distribution business do not reflect a "material weakness," the company said
Second Round Of Cardinal Restructuring To Begin In '06
Cardinal Health expects the second phase of its restructuring initiative to generate $300 mil. in savings by fiscal 2008, the wholesaler reported Aug. 5