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Hospira Reports Third-Quarter 2012 Results
Date:11/7/2012

>

$214.3

$303.9

(29.5)%

$334.0

$361.3

(7.6)%(Loss) Income from

Operations

$(16.5)

$(85.2)

80.6%

$112.6

$142.4

(20.9)%Diluted Earnings (Loss) per

Share

$0.01

$(0.54)

101.9%

$0.47

$0.66

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

Cost of Products Sold)

21.6%

31.1%33.6%

37.0%(Loss) Income from

Operations

(1.7)%

(8.7)%11.3%

14.6%Results under U.S. GAAP include items as detailed in the schedules attached to this press release.

Net sales for the quarter were $994 million, an increase of 1.8 percent compared to $977 million in the third quarter of 2011. On a constant-currency basis, third-quarter 2012 net sales increased 3.9 percent compared to the third quarter of 2011. Strong U.S. sales of several Specialty Injectable Pharmaceutical (SIP) products, including Precedex™ and the oncolytic oxaliplatin, which was relaunched during the quarter, as well as higher volumes for certain SIP products in the company's Europe, Middle East and Africa (EMEA) region, contributed to the positive performance in the quarter. The strong SIP performance more than offset the impact to supply in 2012 of the company's quality-improvement and remediation initiatives.

Adjusted* income from operations for the third quarter of 2012 was $113 million compared to $142 million in the third quarter of 2011. The majority of the decline reflects the impact of costs associated with higher year-over-year manufacturing expense. On a GAAP basis, the loss from operations for the third quarter of 2012 was $17 million compared to a loss from operations of $85 million in the third quarter of 2011. On a GAAP basis, in addition to the higher year-over-year manufacturing expense, the third quarter of 2012, and to a lesser extent, the third quarter of 2011, included
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SOURCE Hospira, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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