Item 2.02 Results of Operations and Financial Condition
On November 7, 2012, Hospira, Inc. ("Hospira") issued a press release announcing
its financial results for the third quarter 2012. Such press release is
furnished as Exhibit 99.1, and is incorporated herein by reference.
In the press release, Hospira uses various non-GAAP financial measures
including, among others, net sales at constant currency, adjusted gross profit,
adjusted income from operations, adjusted net income, and adjusted diluted
earnings per share. These non-GAAP measures adjust for certain specified items
that are described in the press release and attached schedules. Hospira's
management believes that these non-GAAP financial measures can facilitate a more
complete analysis and greater transparency into Hospira's ongoing results of
operations, particularly in comparing underlying results from period to period.
Management uses these non-GAAP financial measures internally in financial
planning to monitor business unit performance and in evaluating management
performance. All non-GAAP financial measures are intended to supplement the
applicable GAAP measures and should not be considered in isolation from, or a
replacement for, financial measures prepared in accordance with GAAP.