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

Profit $348.6 $338.6 3.0 % $376.4 $363.7 3.5 % Income from Operations $155.7 $114.0 36.6 % $188.2 $153.6 22.5 % Diluted EPS $0.65 $0.47 38.3 % $0.78 $0.63 23.8 % Statistics (as a % of Net Sales) -------------------------------- Gross Profit 38.2 % 35.8 % 41.2 % 38.4 % Operating Income 17.0 % 12.0 % 20.6 % 16.2 %

Results under U.S. Generally Accepted Accounting Principles (GAAP) include items as detailed in the schedules attached to this press release.

Net sales decreased 3.4 percent to $914 million in the fourth quarter of 2008, compared to $946 million in the fourth quarter of 2007. The decline was primarily driven by three factors: unfavorable foreign currency translation; unusually high U.S. wholesaler purchasing patterns for Specialty Injectable Pharmaceuticals in the fourth quarter of 2007; and decreased demand in Other Pharma from some contract manufacturing customers.

Medication Management Systems (MMS) reported solid sales growth based on continued demand for its newest general infusion system, Symbiq(R).

Adjusted* operating income increased 22.5 percent to $188 million in the fourth quarter of 2008, compared to $154 million in the fourth quarter of 2007. Contributing to the increase was favorable volume/mix, improved manufacturing efficiency and the impact of Selling, General & Administrative (SG&A) cost-containment measures.

Full-Year 2008 Results

The following table highlights selected financial results for the full year 2008 compared to the same period in 2007:


    In $ millions,         GAAP                      Adjusted*
     except per         Year Ended                  Year Ended
     share amounts       Dec. 31,                    Dec. 31,
                     ----------------     %   
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SOURCE  Hospira, Inc.
Copyright©2009 PR Newswire.
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