News Release Detail
Mylan Schedules Second Quarter 2014 Financial Results Conference Call and Live Webcast for Aug. 7, 2014
With respect to its guidance for the second quarter, Mylan reaffirmed that it expects adjusted diluted earnings per share in the range of
Mylan also announced that the company will host an Investor Day on
The dial-in number to access the second quarter earnings conference call is 800.514.4861 or 678.809.2405 for international callers. To access the live webcast, please log on to Mylan's website, mylan.com, at least 15 minutes before the event is scheduled to begin to register and download or install any necessary software. A replay of the webcast will be available at mylan.com/investors, for a limited time.
Non-GAAP Financial Measures
This press release includes the presentation and discussion of certain financial information that differs from what is reported under accounting principles generally accepted in the
Reconciliation of forecasted net earnings and EPS to adjusted net earnings
The reconciliation below is based on management's estimate of adjusted net earnings and adjusted diluted EPS for the year ending
Lower |
Upper | ||||||||||||||
GAAP net earnings attributable to |
$ |
790 |
$ |
2.03 |
$ |
900 |
$ |
2.22 |
|||||||
Purchase accounting related amortization |
400 |
420 |
|||||||||||||
Interest expense, primarily amortization of convertible debt discount |
35 |
45 |
|||||||||||||
Non-cash accretion of contingent consideration liability |
35 |
40 |
|||||||||||||
Pre-tax loss of clean energy investments |
75 |
85 |
|||||||||||||
Restructuring and other special items |
170 |
220 |
|||||||||||||
Tax effect of the above items and other income tax related items |
(240) |
(250) |
|||||||||||||
Adjusted net earnings attributable to |
$ |
1,265 |
$ |
3.25 |
$ |
1,460 |
$ |
3.60 |
|||||||
Weighted average diluted common shares outstanding |
389 |
405 |
Forward-Looking Statements
This press release may contain "forward-looking statements." These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include, without limitation, statements about the Company's future operations, its anticipated business levels, future earnings, and other expectations and targets for future periods. These often may be identified by the use of words such as "may," "could," "should," "would," "project," "believe," "anticipate," "expect," "plan," "estimate," "forecast," "potential" "intend," "continue," "target" and variations of these words or comparable words. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute
to such differences include, but are not limited to: the inherent challenges, risks and costs in the Company's ability to identify, acquire and integrate complementary or strategic acquisitions of other companies, products or assets and in achieving anticipated synergies; the Company's expected or targeted future financial and operating performance and results; the Company's capacity to bring new products to market, including but not limited to where the Company uses its business judgment and decide to manufacture, market, and/or sell products, directly or through third parties, notwithstanding the fact that allegations of patent infringement(s) have not been finally resolved by the courts (i.e., an "at-risk launch"); the scope, timing and outcome of any ongoing legal proceedings and the impact of any such proceedings on the Company's consolidated financial condition, results of
operations or cash flows; the Company's ability to protect its intellectual property and preserve its intellectual property rights; the effect of any changes in customer and supplier relationships and customer purchasing patterns; the ability to attract and retain key personnel; changes in third-party relationships; the impacts of competition; changes in economic and financial conditions of the Company's business; uncertainties and matters beyond the control of management; and inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements, and the providing of estimates of financial measures, in accordance with GAAP and related standards or on an adjusted basis. For more detailed information on the risks and uncertainties associated with the Company's business activities, see the risks described in the Company's Annual Report on Form 10-K
for the year ended December 31, 2013 and its other filings with the
Mylan is a global pharmaceutical company committed to setting new standards in health care. Working together around the world to provide 7 billion people access to high quality medicine, we innovate to satisfy unmet needs; make reliability and service excellence a habit; do what's right, not what's easy; and impact the future through passionate global leadership. We offer a growing portfolio of more than 1,300 generic pharmaceuticals and several brand medications. In addition, we offer a wide range of antiretroviral therapies, upon which approximately 40% of HIV/AIDS patients in developing countries depend. We also operate one of the largest active pharmaceutical ingredient manufacturers and currently market products in approximately 140 countries and territories. Our workforce of more than 20,000 people is dedicated to improving the customer experience and increasing pharmaceutical access to consumers around the world. But don't take our word for it. See for yourself. See inside. mylan.com
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