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Hospira Reports Fourth-Quarter and Full-Year 2012 Results
Date:2/13/2013

LAKE FOREST, Ill., Feb. 13, 2013 /PRNewswire/ -- Hospira, Inc. (NYSE: HSP), the world's leading provider of injectable drugs and infusion technologies, today reported results for the fourth quarter and full year ended Dec. 31, 2012. For the fourth quarter of 2012, net sales were $1.1 billion, and adjusted* diluted earnings per share were $0.55. (Adjusted* measures are adjusted for certain specified items as described later in this press release and the attached schedules.) On a U.S. Generally Accepted Accounting Principles (GAAP) basis, fourth-quarter 2012 diluted earnings per share were $0.03. For full-year 2012, net sales were $4.1 billion, and adjusted* diluted earnings per share were $2.01. On a GAAP basis, full-year 2012 diluted earnings per share were $0.27.

"The fourth quarter concluded a year of significant effort and advancement for Hospira," said F. Michael Ball, chief executive officer. "We made considerable progress on our quality transformation; we advanced our growth initiatives; and we met our financial projections. As we head into 2013, we remain committed to reinforcing our foundation, an area of key focus for the company.  We will continue to advance our remediation activities as well as work to increase supply of the products our customers -- and their patients -- depend on. At the same time, we are forging ahead with our growth expansion initiatives. Our efforts on both of these fronts serve to position Hospira for a stronger future of sustainable, long-term growth -- and to drive greater value for our customers and shareholders."

Fourth-Quarter 2012 ResultsThe following table highlights selected financial results for the fourth quarter of 2012 compared to the same period in 2011:In $ millions,

except per share

amounts

GAAP

Three Months Ended

Dec. 31,

%

Change

Adjusted*

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SOURCE Hospira, Inc.
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