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Hospira Reports Second-Quarter 2008 Results
Date:8/6/2008

ted)

(dollars and shares in millions, except per share amounts)

Six Months Ended June 30,

---------------------------------------------------------

2008 2007

----------------------------- --------------------------

GAAP Adjustments Adjusted GAAP Adjustments Adjusted

-------- ------ ------- ------- ------ -------

Net sales $1,790.3 $ - $1,790.3 $1,652.1 $ - $1,652.1

Cost of

products

sold 1,146.9 (51.2)A 1,095.7 1,111.3 (104.1)F 1,007.2

-------- ------ ------- ------- ------ -------

Gross

Profit 643.4 51.2 694.6 540.8 104.1 644.9

Research and

development 108.4 (1.9)B 106.5 96.1 (0.7)D 95.4

Acquired

in-process

research and

development 0.5 (0.5)C - 84.8 (84.8)C -

Selling,

general and

administrative 305.1 (14.4)D 290.7 277.9 (18.0)D 259.9

-------- ------ ------- ------- ------ -------

Income

From

Operations 229.4 68.0 297.4 82.0 207.6 289.6

Interest

expense 59.6 - 59.6 67.8 (2.3)G 65.5

Other income,

net (4.1) - (4.1) (5.8) (5.7)H (11.5)

-------- ------ ------- ------- ------ -------

Income

Before

Income

Taxes 173.9 68.0 241.9 20.0 215.6 235.6

Income tax

expense 39.4 22.2 E 61.6 18.7 44.9 E 63.6

-------- ------ ------- -----
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SOURCE Hospira, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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