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Hill-Rom Reports First Quarter Revenue Growth of 3.0 Percent to $352 Million and Earnings Per Fully Diluted Share From Continuing Operations of $0.23, an Increase of 15.0 Percent From the Prior Year
Date:2/4/2009

0.02 - - Special charges (1) 0.22 0.10 0.07 Stock modification charge 0.06 - - Loss on extinguishment of debt 0.03 - - Liko acquisition inventory step-up - 0.04 0.04 Liko acquisition integration charges - 0.02 0.02 Earnings per share - Adjusted (2) $1.40 $0.82 $1.18 (1) Special charges in fiscal 2009 include the range of disclosed charges associated with restructuring actions announced by us on January 14, 2009. This range does not include additional yet to be quantified charges related to the impairment of assets, lease terminations and pension and health care plan costs associated with these actions. (2) Earnings per share - Adjusted in the above presentation have not been adjusted to remove the effects of discrete period tax adjustments recognized in any of the periods presented. Discrete period tax adjustments are routinely recognized throughout any given year under a variety of circumstances and are highly subjective in nature. For fiscal year 2008, discrete tax benefits totaled $8.3 million ($0.13 per share), while year-to-date discrete tax benefits in fiscal 2009 totaled $1.3 million ($0.02 per share).
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