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Hospira Reports Fourth-Quarter and Full-Year 2008 Results
Date:2/17/2009

LAKE FOREST, Ill., Feb. 17 /PRNewswire-FirstCall/ -- Hospira, Inc. (NYSE: HSP), a leading global specialty pharmaceutical and medication delivery company, today reported results for the fourth quarter and full year ended Dec. 31, 2008. For the fourth quarter of 2008, net sales were $914 million, and adjusted* diluted earnings per share were $0.78. For the full year of 2008, net sales were $3.6 billion, and adjusted* diluted earnings per share were $2.53. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.)

"Hospira delivered another positive year of performance in 2008, generating solid revenue and strong profit growth, further advancing key areas of our business and successfully completing the integration of the Mayne Pharma acquisition," said Christopher B. Begley, chairman and chief executive officer. "Looking forward, as a diversified healthcare company primarily serving the acute-care market, Hospira is well positioned in 2009. Hospira's underlying businesses remain solid, and we expect another year of growth guided by our focus on execution and operational optimization."

Fourth-Quarter 2008 Results

The following table highlights selected financial results for the fourth quarter of 2008 compared to the same period in 2007:


    In $ millions,         GAAP                      Adjusted*
     except per     Three Months Ended          Three Months Ended
     share amounts       Dec. 31,                    Dec. 31,
                     ----------------     %      ----------------     %
                      2008      2007   Change     2008      2007   Change
                     ------    ------  ------    ------    ------  ------
    Net Sales        $913.7    $946.1   (3.4)%     n/a       n/a     n/a
    Gross 
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SOURCE Hospira, Inc.
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