Cerner Reports Second Quarter 2021 Results

Rhea-AI Summary

Cerner Corporation (Nasdaq: CERN) reported its second-quarter results for 2021, with gains in adjusted operating margin and diluted EPS compared to the previous year. However, GAAP operating margin and diluted EPS saw declines due to restructuring charges. The company's earnings conference call took place on July 30, 2021, allowing investors to delve into the results and future outlook. Despite challenges, the company continues to expand its operational efficiency and financial metrics.

Positive

• Strong adjusted operating margin expansion compared to the same quarter last year.
• Adjusted diluted EPS growth relative to the previous year.

Negative

• GAAP operating margin decreased due to restructuring charges.
• Diluted EPS lower than prior period as a result of the same charges.

Delivers Strong Results Across All Key Metrics
GAAP Operating Margin and Diluted EPS Lower Due to Restructuring Charges
Strong Adjusted Operating Margin Expansion and Adjusted Diluted EPS Growth vs. Year Ago Quarter

KANSAS CITY, Mo., July 30, 2021 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq: CERN) today announced results for the 2021 second quarter that ended June 30, 2021.

The second quarter 2021 earnings release can be viewed here as well as on the company’s website at https://investors.cerner.com/financial-releases.

Cerner will host an earnings conference call to provide additional detail on the Company’s results and outlook at 8 a.m. CT on July 30, 2021. On the call, Cerner will discuss its results and answer questions from the investment community. The call may also include discussion of Cerner developments, and forward-looking and other material information about business and financial matters. The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner. Cerner recommends joining the call 15 minutes early for registration.

An audio webcast will be available live and archived on the Investor Relations page of Cerner’s website at https://investors.cerner.com/events-and-presentations.

What: Cerner Second Quarter 2021 Earnings Conference Call Webcast
When: Friday, July 30, 2021
Time: 8 a.m. Central Time
Financial Results: https://investors.cerner.com/financial-releases
Webcast: https://investors.cerner.com/events-and-presentations

Investor Contact: Allan Kells, (816) 201-2445, akells@cerner.com
Media Contact: Stephanie Greenwood, (816) 201-2137, Stephanie.Greenwood@cerner.com

FAQ

What were Cerner's earnings results for Q2 2021?

Cerner reported strong adjusted operating margin expansion and adjusted diluted EPS growth compared to the previous year, despite some declines in GAAP metrics.

When was Cerner's earnings conference call for Q2 2021?

Cerner held its earnings conference call on July 30, 2021, at 8 a.m. Central Time.

How did restructuring charges impact Cerner's financial results?

Restructuring charges led to declines in both GAAP operating margin and diluted EPS compared to prior periods.

Where can I find more details about Cerner's financial results?

More details about Cerner's financial results can be found on their Investor Relations website.