Abbott Reports Fourth-Quarter and Full-Year 2012 Results

- Fourth-Quarter Ongoing EPS of $1.51 (GAAP EPS of $0.66) -
- Full-Year Ongoing EPS of $5.07 (GAAP EPS of $3.72) -
- Completed Launch of AbbVie, a New Biopharmaceutical Company -
- Company Issues Strong Earnings Outlook for 2013 -

ABBOTT PARK, Ill., Jan. 23, 2013 /PRNewswire/ -- Abbott today announced financial results for the fourth quarter ended Dec. 31, 2012.

• Fourth-quarter diluted earnings per share, excluding specified items, were $1.51. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $0.66, including specified items.

• Full-year diluted earnings per share, excluding specified items, were $5.07, exceeding Abbott's initial guidance range. Diluted earnings per share under GAAP were $3.72, including specified items.

• Excluding foreign exchange, worldwide sales increased 5.6 percent. Reported sales increased 4.4 percent, including an unfavorable 1.2 percent effect of foreign exchange.

• On Jan. 1, 2013, Abbott completed the launch of AbbVie, a new research-based biopharmaceutical company.

• Abbott launched numerous new products across its diversified businesses in 2012, positioning the company well for future growth. Key pipeline innovations include the launch of its AbsorbTM bioresorbable vascular scaffold; the next-generation drug-eluting stent, XIENCE XpeditionTM; 80 launches across its Nutrition business; new tests in Diagnostics; as well as several new product and geographic expansion initiatives in Established Pharmaceuticals, Diabetes Care and Vision Care.

"In 2012, we achieved a significant milestone in Abbott's 125-year history with the creation of AbbVie while delivering another year of strong results," said Miles D. White, chairman and chief executive officer, Abbott. "Abbott's mix of diversified healthcare businesses and pipeline is favorably aligned with key healthcare and emerging market trends, and well positioned to deliver top-tier growth in 2013."

 

The following is a summary of Fourth-Quarter 2012 sales by major business category.

 

? ? ? ? ? ? ? ?

% Change vs. 4Q11

? ?
?

Sales ($ in millions) 4Q12

? ? ? ?

Int'l

? ?

Total

? ?
?

U.S.

?

Int'l

?

Total

? ?

U.S.

?

Operational

?

Reported

? ?

Operational

?

Reported

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Total Sales????????????????????

4,669

?

6,168

?

10,837

? ?

4.4

?

6.6

?

4.4

? ?

5.6

?

4.4

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Proprietary Pharmaceuticals?

3,020

?

2,122

?

5,142

? ?

7.6

?

9.6

?

7.0

? ?

8.5

?

7.4

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Nutritionals?

743

?

972

?

1,715

? ?

9.4

?

10.5

?

10.8

? ?

10.0

?

10.2

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Established Pharmaceuticals?

--

?

1,346

?

1,346

? ?

n/a

?

0.6

?

(2.4)

? ?

0.6

?

(2.4)

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Core Laboratory Diagnostics

174

?

734

?

908

? ?

(0.3)

?

7.2

?

4.8

? ?

5.7

?

3.8

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Molecular Diagnostics

59

?

72

?

131

? ?

(3.3)

?

12.5

?

10.4

? ?

4.9

?

3.8

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Point of Care Diagnostics

72

?

18

?

90

? ?

19.5

?

(1.0)

?

(0.8)

? ?

14.7

?

14.7

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Vasculara

282

?

478

?

760

? ?

(24.6)a

?

8.1

?

5.7

? ?

(6.8)a

?

(8.1)a

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Diabetes Care

150

?

212

?

362

? ?

9.8

?

0.6

?

(1.2)

? ?

4.2

?

3.1

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Medical Optics

100

?

185

?

285

? ?

1.5

?

1.2

?

(1.3)

? ?

1.4

?

(0.3)

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Other Sales

69

?

29

?

98

? ?

(14.7)

?

4.4

?

2.3

? ?

(9.9)

?

(10.4)

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
? ? ? ? ? ? ? ?

% Change vs. 12M11

? ?
?

Sales ($ in millions) 12M12

? ? ? ?

Int'l

? ?

Total

? ?
?

U.S.

?

Int'l

?

Total

? ?

U.S.

?

Operational

?

Reported

? ?

Operational

?

Reported

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Total Sales????????????????????

16,784

?

23,090

?

39,874

? ?

4.8

?

6.1

?

1.1

? ?

5.5

?

2.6

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Proprietary Pharmaceuticals?

10,158

?

7,854

?

18,012

? ?

7.4

?

8.9

?

3.0

? ?

8.2

?

5.5

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Nutritionals?

2,907

?

3,564

?

6,471

? ?

9.5

?

8.1

?

6.3

? ?

8.7

?

7.7

? ?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Established Pharmaceuticals?

--

?

5,121

?

5,121

? ?

n/a

?

Posted: January 2013


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