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Hospira Reports Fourth-Quarter and Full-Year 2010 Results
Date:2/2/2011

LAKE FOREST, Ill., Feb. 2, 2011 /PRNewswire/ -- Hospira, Inc. (NYSE: HSP), a leading global specialty pharmaceutical and medication delivery company, today reported results for the fourth quarter and full year ended Dec. 31, 2010. For the fourth quarter of 2010, net sales were $992 million, and adjusted* diluted earnings per share were $0.77. For full-year 2010, net sales were $3.9 billion, and adjusted* diluted earnings per share were $3.31. (Adjusted* measures exclude certain specified items as described later in this press release and the attached schedules.)

"2010 marked a year of progress for Hospira, despite several unanticipated challenges," said Christopher B. Begley, chairman and chief executive officer. "We launched gemcitabine, a large oncology drug, in the United States during the fourth quarter, the first generic version of the drug in the market; we expanded both our operations and portfolio geographically; we made substantial progress with our quality initiatives; and we met our commitments with Project Fuel, our corporate-wide optimization initiative. Looking forward, we expect a year of good growth in 2011, as we remain committed to transforming challenges into opportunities and driving continuous improvement across the organization."

Fourth-Quarter 2010 Results

The following table highlights selected financial results for the fourth quarter of 2010 compared to the same period in 2009:

In $ millions, GAAP Adjusted* except per Three Months Ended Three Months Ended share amounts Dec. 31, Dec. 31, ------------------ % ------------------ % 2010 2009 Change 2010 2009 Change ------ ------- ------ ------ ------ ------ Net Sales $992.1 $1,055.2 (6.0)% n/a n/a n/a Gross Profit (Net Sales less Cost of Products Sold) $347.9 $395.0 (11.9)% $388.1 $427.5 (9.2)% Income from Operations $53.6 $135.6 (60.5)% $141.6 $204.2 (30.7)% Diluted EPS $0.36
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SOURCE Hospira, Inc.
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