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Endo Reports First Quarter Financial Results
Date:5/7/2013

MALVERN, Pa., May 7, 2013 /PRNewswire/ --

  • Total quarterly revenues of $709 million, increased by 3 percent versus prior year.
  • First quarter reported diluted (GAAP) EPS of $0.14.
  • First quarter adjusted diluted EPS of $1.09 increased by 25 percent versus prior year.
  • Company continues to expect 2013 revenues in the range of $2.80 billion to $2.95 billion.
  • Company now expects reported diluted (GAAP) EPS in the range of $2.10 to $2.40.
  • Company continues to expect 2013 adjusted diluted EPS in the range of $4.40 to $4.70.
  • Endo Health Solutions (Nasdaq: ENDP) today reported first quarter 2013 total revenues of $709 million, compared to $691 million for the same quarter of 2012. Endo reported first quarter 2013 net income of $15 million, compared to a reported net loss of $87 million for the comparable 2012 period.  Reported net income for the period includes a charge for the amount of $68 million for the period to reflect the impact of an accrual for certain product liability claims. 

    As detailed in the supplemental financial information below, adjusted net income for the three months ended March 31, 2013 was $123 million, compared to $106 million for the same period in 2012. Reported diluted EPS for the first quarter 2013 was $0.14, compared to a $0.75 loss per share for the first quarter of 2012. Adjusted diluted EPS was $1.09 compared to $0.87 for the same period in 2012. 

    "2013 is a year of transition for Endo as we begin to manage the entry of generic competition for LIDODERM® and navigate through the headwinds that we have faced recently, including those with OPANA® ER.  I continue to be very optimistic about the future of Endo," said Rajiv De Silva, president and CEO of Endo. "Since joining the company I
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    SOURCE Endo Health Solutions
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