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

including projections of certain measures of Hospira's results of operations, projections of certain charges and expenses, cash flow and other statements regarding Hospira's goals and strategy. Hospira cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, regulatory, legal, technological and other factors that may affect Hospira's operations and may cause actual results to be materially different from expectations include the risks, uncertainties and factors discussed under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Hospira's latest Annual Report on Form 10-K and subsequent Forms 10-Q, filed with the Securities and Exchange Commission, which are incorporated by reference. Hospira undertakes no obligation to release publicly any revisions to forward-looking statements as the result of subsequent events or developments.

Hospira, Inc.Condensed Consolidated Statements of Income(Unaudited)(dollars and shares in millions, except for per share amounts)Three Months Ended June 30,% Change20112010Net sales $
,064.1 $
968.2 9.9%Cost of products sold50.7 599.0 8.6%Restructuring, impairment and (gain) on disposition of assets, net.5 2.6 (42.3)%Research and development5.8 80.4 (18.2)%Selling, general and administrative55.6 9.9 (8.4)%Total operating costs and expenses873.6 851.9 2.5%Income From Operations90.5 .3 63.8%Interest expense23.9 24.2 (1.2)%Other income, net(2.0)(0.3)566.7%Income Before Income Taxes8.6 92.4 82.5%Income tax expense36.7 9.4 290.4%Equity income from affiliates, net(11.7)(0.5)nmNet Income $
43.6 $
83.5 72.0%Earnings Per Common Share:Basic $
.86 $
.50 72.0%Diluted $
.85 $
.49 73.5%Weighted Average Common Shares Outstanding:Basic
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