Exhibit 99.1

 

 

 

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)

Abbott Contacts:

 

Completed Launch of AbbVie, a New Biopharmaceutical Company

 

 

Company Issues Strong Earnings Outlook for 2013

Financial:

 

 

Brian Yoor

(847) 937-6343

 

Tina Ventura

(847) 935-9390

 

Media:

Melissa Brotz

(847) 935-3456

 

Scott Stoffel

(847) 936-9502

 

AbbVie Contacts:

 

Financial:

Larry Peepo

(847) 935-6722

 

Media:

Adelle Infante

(847) 938-8745

 

ABBOTT PARK, Ill., Jan. 23, 2013 — 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 Absorb bioresorbable vascular scaffold; the next-generation drug-eluting stent, XIENCE Xpedition; 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 information was filed by Abbott Laboratories (ABT) on Wednesday, January 23, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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