Hospira Reports Third-Quarter 20...(8 million reported in Selling g...),Health

Date:10/27/2009

8 million reported in Selling, general and administrative. These charges relate to the Project Fuel initiatives and include costs for severance and other employee benefits, process optimization implementation, other asset charges, exit costs and charges associated with certain non-strategic businesses and underlying assets committed for disposal and the related inventory, property and equipment, allocated goodwill and intangible assets. B -- Facilities Optimization charges: $1.5 million reported in Cost of products sold and $3.3 million reported in Restructuring and impairment. These charges relate to facilities optimization from the closure or departure from certain manufacturing and research and development ("R&D") facilities and include costs for severance and other employee benefits, accelerated depreciation and relocation of production and R&D operations. C -- Amortization of Mayne Pharma Limited ("Mayne Pharma") intangible assets resulting from the Mayne Pharma acquisition is reported in Cost of products sold. Three months ended September 30, 2008 Reconciliation of GAAP to Non-GAAP Financial Measures: ------------------------------------------------------------------------ Income Gross From Net Diluted Profit (1) Operations Income EPS --------- ---------- ------ ------- GAAP financial measures $333.8 $132.7 $81.8 $0.51 Specified items: Facilities Optimization charges (A) 3.7 8.2 5.1 0.03 Amortization of Mayne Pharma intangible assets (B) 15.2 15.2 10.1 0.06
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SOURCE Hospira, Inc. Copyright©2009 PR Newswire. All rights reserved

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