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Hospira Reports Second-Quarter 2009 Results
Date:7/29/2009

LAKE FOREST, Ill., July 29 /PRNewswire-FirstCall/ -- Hospira, Inc. (NYSE: HSP), a leading global specialty pharmaceutical and medication delivery company, today reported results for the second quarter ended June 30, 2009. Net sales for the quarter were $957 million, and adjusted* diluted earnings per share were $0.73. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.)

"Hospira delivered a very good second quarter, marked by strong sales and earnings, and significant progress toward our Project Fuel initiatives," said Christopher B. Begley, chairman and chief executive officer. "Based on our results for the first half of the year and our expectations for the remainder of 2009, we have increased our full-year adjusted earnings guidance. We remain committed to improving shareholder value through sustainable top- and bottom-line growth."

Second-Quarter 2009 Results

The following table highlights selected financial results for the second quarter of 2009 compared to the same period in 2008: 

    In $ millions,              GAAP                     Adjusted*
     except per          Three Months Ended         Three Months Ended
     share amounts            June 30,                   June 30,
                          ----------------     %     ----------------     %
                           2009      2008   Change    2009      2008   Change
                          ------    ------  ------   ------    ------  ------
    Net Sales             $956.9    $901.6    6.1%     n/a       n/a     n/a
    Gross Profit
     (Net Sales
     less Cost of
     Products Sold)       $346.2    $335.2    3.3%   $365.8    $357.1    2.4%
    Income from
     Operations            $91.1    $117.7  (22.6
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SOURCE  Hospira, Inc.
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