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Hospira Reports Second-Quarter 2012 Results
Date:8/1/2012

LAKE FOREST, Ill., Aug. 1, 2012 /PRNewswire/ -- Hospira, Inc. (NYSE: HSP), the world's leading provider of injectable drugs and infusion technologies, today reported results for the second quarter ended June 30, 2012. Net sales for the quarter were $1.0 billion, and adjusted* diluted earnings per share were $0.51. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.)

"Hospira's second-quarter results were in line with expectations," said F. Michael Ball, chief executive officer. "The quarter's performance reflected the impact of our quality-improvement initiatives, as well as a difficult comparison to strong second-quarter 2011 performance. During the quarter, we made progress with our remediation efforts and remain fully committed to reinforcing Hospira's foundation, which will allow us to better serve our customers and the patients who rely on our products. We believe that the initiatives we are taking this year will position Hospira with an even stronger competitive advantage and create sustainable, long-term shareholder value."

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

except per share

amounts

GAAP

Three Months Ended

June 30, Adjusted*

Three Months Ended

June 30,2012

2011

%

Change

2012

2011

%

ChangeNet Sales

$1,033.3

$1,064.1

(2.9)%

n/a

n/a

n/aGross Profit (Net Sales less

Cost of Products Sold)

$283.5

$413.4

(31.4)%

$370.8

$433.4

(14.4)%(Loss) Income from

Operations

$(2.2)

$190.5

(101.2)%

$117.3

$212.0

(44.7)%Diluted (Lo
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SOURCE Hospira, Inc.
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