Cardinal Health, Inc. (NYSE:CAH) Q2 2024 Earnings Call Transcript

Jason Hollar: Yes and the second component, you are correct that shipping rates have spiked. I think the word used was materially. And how I would characterize it is yes, that’s accurate, but substantially less materially than where they were in the past. So the order of magnitude we’re talking about is vastly smaller. It is also something that we do not believe that that will be the permanent level. Yes, we have more flexibility in our contracts, and that will continue to be a lever and a component that will be evaluating, determining on whether, you know, how permanent these are or not. I would also say that our maturity our capability within this space has substantially improved as well as we’ve invested in the underlying processes and procedures to manage through these types of this type of volatility. So you know overall we feel very good about where we stand and generally don’t see this being as a material item, but we’ll continue to watch it closely.

Operator: Thank you very much sir. Ladies and gentlemen, that will conclude today’s Q&A session. I turn the call back over to Mr. Jason Hollar for the additional or closure remarks. Thank you.

Jason Hollar: Yes, thanks everyone for joining us this morning. We’re clearly excited about the momentum that we have in our business, both the shorter term operational elements that we talked a lot about today, but also about the longer term strategy with the announcement especially networks this week it just highlights that we are looking and acting both short-term and long-term and are really excited about the opportunity still in front of us. So thanks again for joining us today and have a great day.

Operator: Thank you so much sir. Ladies and gentlemen, that will conclude today’s conference and thank you for your attendance. You may now disconnect. Good day and goodbye.