GuidanceGiven delays in approvals of key products by the U.S. Food and Drug Administration, Mylan is narrowing its 2014 guidance range for total revenue to $7.8 billion to $8.0 billion and adjusted diluted EPS to $3.25 to $3.45. The guidance ranges include the fourth quarter launches of generic Copaxone® and generic Celebrex®.
Furthermore, Mylan expects third quarter adjusted diluted EPS in the range of $0.90 to $0.95. Given the anticipated launches of key products mentioned above, the fourth quarter is expected to be the strongest quarter of the year.
The following table provides a full summary of Mylan's 2014 full year guidance ranges on an adjusted basis.20142014(In millions, except EPS and %'s)Current GuidancePrior Guidance**Total Revenue
$7,800 - $8,000$7,800 - $8,200Gross Profit Margin*
51% - 53%51% - 53%SG&A as % of Total Revenue*
18% - 20%18% - 20%R&D as % of Total Revenue*
7% - 8%7% - 8%EBITDA*
$2,200 - $2,400$2,200 - $2,400Net Income*
$1,265 - $1,370$1,265 - $1,460Diluted EPS*
$3.25 - $3.45$3.25 - $3.60Operating Cash Flow*
$1,200 - $1,400$1,200 - $1,400Capital Expenditures
$350 - $400$350 - $450Tax Rate*
24% - 26%24% - 26%Average Diluted Shares Outstanding
390 - 400389 - 405* Adjusted metrics** Prior guidance communicated on Feb. 27, 2014 during Mylan's Q4 and FY13 earnings conference call.Conference CallMylan will host a conference call and live webcast, today, August 7, 2014, at 10:00 a.m. ET, in conjunction with the release of its financial results. The dial-in number to access the call is 800.514.4861 or 678.809.2405 for international callers. To access the live webcast please log onto Mylan's website (www.mylan.com) at least 15 minutes before the event is to begin to register and download or install any n
|SOURCE Mylan Inc.|
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