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Hospira Reports First-Quarter 2013 Results
Date:5/1/2013

LAKE FOREST, Ill., May 1, 2013 /PRNewswire/ -- Hospira, Inc. (NYSE: HSP), the world's leading provider of injectable drugs and infusion technologies, today reported results for the first quarter ended March 31, 2013. Adjusted* net sales for the quarter were $988 million and adjusted* diluted earnings per share were $0.52. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.) On a U.S. Generally Accepted Accounting Principles (GAAP) basis, net sales were $884 million and diluted loss per share was $0.46.

"Hospira delivered adjusted first-quarter results in line with our expectations," said F. Michael Ball, chief executive officer. "We continued to advance our quality-improvement efforts as well as position our business for the future, including announcing our new device strategy, progressing with our global expansion initiative, and launching new premix versions of our proprietary sedation agent Precedex™ in the United States. We believe our efforts and investments are positioning Hospira to be even more competitive longer term, driving greater value for our customers and shareholders alike."

First-Quarter 2013 ResultsThe following table highlights selected financial results for the first quarter of 2013 compared to the same period in 2012:In $ millions,

except per share

amounts

GAAP

Three Months Ended March 31,

% Change

Adjusted*

Three Months Ended March 31,

% Change2013

2012

2013

2012Net Sales

$884.0

$965.9

(8.5)%

$988.3

$965.9

2.3%Gross Profit (Net Sales less

Cost of Products Sold)

$150.1

$300.0

(50.0)%

$359.5

$357.5

0.6%(Loss) Income from

Operations

$(118.6)

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SOURCE Hospira, Inc.
Copyright©2012 PR Newswire.
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