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Covance Reports Second Quarter Net Revenue of $592 Million, Pro Forma EPS of $0.78 and Record Adjusted Net Orders of $776 Million
Date:7/30/2013

.41(c)Weighted average shares outstanding - basic54,662,09354,184,96654,434,56355,965,410Diluted earnings (loss) per share$
.72(a)$
(0.23)(c)$
.58(b)$
.40(c)Weighted average shares outstanding - diluted56,880,11554,184,96656,598,93657,456,154

(a)  Three months ended June 30, 2013 includes, as applicable, $6,013 in charges associated with restructuring


and other cost reduction actions ($3,942 net of tax), and $707 gain on sale of investment ($460 net of tax).

(b)  Six months ended June 30, 2013 includes, as applicable, $12,183 in charges associated with restructuring


and other cost reduction actions ($8,289 net of tax), and $16,400 gain on sale of investments ($10,654 net of tax).
(c)  Three and six months ended June 30, 2012 includes, as applicable, $9,667 in restructuring costs


($6,530 net of tax), $20,781 in inventory impairment charges ($14,391 net of tax), $17,959 of goodwill


impairment charges ($17,959 net of tax), $7,373 of impairment of equity investment ($7,373 net of tax) and


$3,815 in losses at sites in wind-down ($2,746 net of tax).
Excluding the impact of charges associated with restructuring and other cost reduction actions, gain on sale of investments, impairment charges and losses at sites in wind-down, as applicable:Income from operations$
57,523$
48,293$
,944$
94,415Taxes on income$
,349$'/>"/>

SOURCE Covance Inc.
Copyright©2012 PR Newswire.
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