These actions are expected to yield an annual saving of 500 million SEK and will entail nonrecurring charges
of about 400 million SEK in the fourth quarter.
Results included $900,000, or 2 cents per share, in nonrecurring charges
, net of tax.
Net income for the quarter was $13 million including nonrecurring charges
COLUMBUS, Ohio -- Earnings before special items and nonrecurring charges
at Cardinal Health Inc.
3 million which included nonrecurring charges
of approximately $45.
showed a $5 million operating loss combined with a $175 write-off of "impaired" assets and other nonrecurring charges
9 million, or 54 cents a share, including nonrecurring charges
, compared with a profit of 15 cents a share from the same period a year ago.
These results include the effect of certain nonrecurring charges
recorded in connection with a previously announced reorganization.
Before nonrecurring charges
, the company reported net income for the fourth quarter of $10.
of Fayetteville posted a fourth-quarter net loss, from continuing operations, excluding restructuring and other nonrecurring charges
, of $1.
The nonrecurring charges
associated with these initiatives are expected to impact earnings by just under 100 million SEK in the fourth quarter 2012 and by 200 million SEK in 2013.
6 million) for the first half of fiscal 2011, as nonrecurring charges
hammered the bottom line.