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

estimated

range of $0.09 to $0.11 per diluted share for 2008) ($0.10)

Estimated integration and other acquisition-related

expenses (high end of an estimated range of $0.10 to

$0.12 per diluted share for 2008) ($0.12)

Estimated $62 million for the amortization of intangibles

related to the Mayne Pharma acquisition ($0.26)

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

Diluted earnings per share -- GAAP $2.02 - $2.07

==============

The company continues to project that cash flow from operations in 2008 will be in the $575 million to $625 million range. Depreciation and amortization, excluding amortization of intangibles related to the Mayne Pharma acquisition, are now projected to be between $190 million and $200 million. Capital expenditures are estimated to be between $190 million and $210 million for 2008.

*Use of Non-GAAP Financial Measures

Non-GAAP financial measures used in this press release are referred to as "adjusted" and are reconciled to the most comparable measures calculated in accordance with GAAP in the schedules attached to this release. For more information regarding these non-GAAP financial measures, please see Hospira's Current Report on Form 8-K furnished to the Securities and Exchange Commission on the date of this press release.

Webcast

A conference call for investors and media will be held at 8 a.m. Central time on Wednesday, Aug. 6, 2008. A live webcast of the conference call will be available at http://www.hospirainvestor.com. Listeners should log on approximately 10 minutes in advance to ensure proper computer setup for receiving the webcast. A replay will be available on the Hospira Web site for 30 days following the call.

About Hospira
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SOURCE Hospira, Inc.
Copyright©2008 PR Newswire.
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