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Mylan Reports Adjusted Diluted EPS of $0.43; Reaffirms 2010 Adjusted Diluted EPS Guidance of $1.55 - $1.65
Date:10/26/2010

PITTSBURGH, Oct. 26 /PRNewswire-FirstCall/ -- Mylan Inc. (Nasdaq: MYL) today announced its financial results for the three and nine months ended September 30, 2010, and reaffirmed its 2010 adjusted diluted earnings per share (EPS) guidance of $1.55 - $1.65.  

Financial Highlights

  • Adjusted diluted EPS of $0.43 for the three months ended September 30 compared to $0.32 for the same prior year period;
  • Adjusted diluted EPS of $1.16 for the nine months ended September 30 compared to $0.97 for the same prior year period;
  • Total revenues of $1.36 billion for the three months ended September 30 compared to $1.26 billion for the same prior year period;  
  • Total revenues of $4.02 billion for the nine months ended September 30 compared to $3.74 billion for the same prior year period;  
  • Cash provided by operating activities was $377.8 million for the three months ended September 30 and $736.9 million for the nine months ended September 30, 2010;
  • On a GAAP basis, diluted EPS of $0.33 for the three months ended September 30 compared to a loss per diluted share of $0.13 for the same prior year period;
  • On a GAAP basis, diluted EPS of $0.71 for the nine months ended September 30 compared to $0.29 for the same prior year period;
  • On September 7, 2010, Mylan completed the acquisition of Bioniche Pharma Holdings Limited (Bioniche Pharma) for $543.7 million in cash.

  • Mylan Chairman and CEO Robert J. Coury commented: "We are extremely pleased to report adjusted diluted earnings per share of $0.43, which is clearly indicative of the strong second half of 2010 we had previously forecasted, and actually came in a little better than what we anticipated.  With that said, at this time I still expect the fourth quarter to come in slightly better than the third quarter."

    Heather Bresch, Mylan's
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    SOURCE Mylan Inc.
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