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Hospira Reports Second-Quarter 2011 Results
Date:7/27/2011

LAKE FOREST, Ill., July 27, 2011 /PRNewswire/ -- Hospira, Inc. (NYSE: HSP), a leading global specialty pharmaceutical and medication delivery company, today reported results for the second quarter ended June 30, 2011. Net sales for the quarter were $1.1 billion, and adjusted* diluted earnings per share were $0.94. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.)

"Hospira delivered strong second-quarter performance, driven primarily by positive results for the oncolytic docetaxel in the United States," said F. Michael Ball, chief executive officer. "We continued to advance the business and make progress on our quality and product supply improvement initiatives. In part due to the quarter's results, we are increasing our sales projections for the year, and remain focused on driving value for our customers, patients and shareholders."

Second-Quarter 2011 ResultsThe following table highlights selected financial results for the second quarter of 2011 compared to the same period in 2010:In $ millions,

except per share

amounts

GAAP

Three Months Ended

June 30, Adjusted*

Three Months Ended

June 30,2011

2010

%

Change

2011

2010

%

ChangeNet Sales

$1,064.1

$968.2

9.9%

n/a

n/a

n/aGross Profit (Net Sales less

Cost of Products Sold)

$413.4

$369.2

12.0%

$433.4

$416.8

4.0%Income from Operations

$190.5

$116.3

63.8%

$212.0

$213.1

(0.5)%Diluted EPS

$0.85

$0.49

73.5%

$0.94

$0.86

9.3%Statistics (as a % of Net Sales)Gross Profit (Net Sales less

Cost of Products Sold)

38.8%

38.1%40.7%

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SOURCE Hospira, Inc.
Copyright©2010 PR Newswire.
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