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Hospira Reports Second-Quarter 2008 Results

8.4 % 8.4 %

Cost of products sold 3.2 % 8.8 %

Gross Profit 19.0 % 7.7 %

Research and development 12.8 % 11.6 %

Acquired in-process research and development (99.4)% nm

Selling, general and administrative 9.8 % 11.9 %

Income From Operations 179.8 % 2.7 %

Interest expense (12.1)% (9.0)%

Other income, net (29.3)% (64.3)%

Income Before Income Taxes 769.5 % 2.7 %

Income tax expense 110.7 % (3.2)%

Net Income 10,246.2 % 4.8 %

Earnings Per Common Share:

Basic 8,400.0 % 2.7 %

Diluted 8,200.0 % 3.7 %

Weighted Average Common Shares Outstanding:

Basic 1.6 % 1.6 %

Diluted 1.4 % 1.4 %

A -- Includes intangible assets amortization of $31.6 related to the Mayne

Pharma acquisition; charges of $16.6 related to the planned closures

of the Ashland, OH; Montreal, Canada; North Chicago, IL; and Morgan

Hill, CA facilities as well as charges to limit, and transfer, R&D

facility operations related to brain-function monitoring devices as

part of Hospira's facilities optimization initiatives; and Mayne

Pharma and other acquisition integration charges of $3.0.

B -- Includes acquisition integration charges of $0.8 and facilities

optimization initiatives of $1

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

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