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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

President, added:  "Over the past three years, we have diligently executed on all of our stated business initiatives.  This quarter was no different as we continue to build upon our powerful platform.  Additionally, our robust cash flow has enabled us to continue to further deleverage, as promised, while still executing on each of our business objectives, such as the acquisition of Bioniche Pharma this quarter."

Bresch continued: "We are even more excited about the future prospects of our overall business.  Through the use of the same fundamentals and principles which have resulted in our success to date, we will be able to move with confidence into 2011 and beyond.  We expect to accelerate revenue and earnings growth by further executing on our key drivers of continued portfolio expansion, realization of operational efficiencies, diversification and balance sheet deleveraging."  

Financial SummaryTotal third party revenues for the quarter ended September 30, 2010, increased $91.0 million, or 7.2% to $1.36 billion from $1.26 billion in the same prior year period. Total revenues were negatively impacted by the effect of foreign currency translation, primarily reflecting a stronger U.S. dollar in comparison to the functional currencies of Mylan's Euro-denominated subsidiaries, partially offset by the strengthening against the U.S. dollar of the currencies of Mylan's subsidiaries in Australia, Japan and India. Translating current year revenues at prior year exchange rates would have resulted in year-over-year growth in total revenues excluding foreign currency of approximately $109 million, or 9%.  Total third party revenues include both net revenues and other revenues from third parties.  Other revenues for the three months ended September 30, 2010, and 2009 were $10.1 and $8.4 million, respectively.  

A tabular summary of the company's revenues for the three months ended September 30, 2010, and 2009
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SOURCE Mylan Inc.
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