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Hospira Reports Second-Quarter 2011 Results

ed ("Mayne Pharma"), Javelin  Pharmaceuticals, Inc. ("Javelin Pharma") and a generic injectable business by Hospira Healthcare India Private Limited (“Hospira India”).Three months ended June 30, 2010 Reconciliation of GAAP to Non-GAAP Financial Measures:Gross Profit (1)Income From

OperationsNet Income (2)Diluted EPSGAAP financial measures$
.49Specified items:   Project Fuel and related charges (A)   Facilities Optimization charges (B)   Amortization of certain intangible assets (C)

15.715.79.60.06   Certain quality and product related charges (D)

25.825.816.60.10   Acquisition and integration-related charges (E)

-0.20.1-   Litigation settlement and related charges (F)

-   Research and development charge (G)

-27.517.20.10Adjusted financial measures (3)

.86GAAP results for the three months ended June 30, 2010 include:(A)

Project Fuel and related charges: $4.0 million reported in Cost of products sold, $2.2 million reported in Restructuring, impairment and (gain) on disposition of assets, net, $0.1 million reported in Research and development and $4.8 million reported in Selling, general and administrative. Project Fuel initiatives include costs for process optimization implementation, severance and other employee benefits, exit costs, and other asset charges.(B)

Facilities Optimization charges: $2.1 million reported in Cost of products sold and $0.4 million reported in Restructuring, impairment and (gain) on disposition of assets, net. These cha

SOURCE Hospira, Inc.
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