logo
Share SHARE
FONT-SIZE Plus   Neg

Mylan Reaffirms FY13 Adj. EPS View - Quick Facts

Mylan Inc. (MYL) provided its financial guidance for 2012, reaffirmed its growth targets for 2013, and outlined the key drivers for the company's continued long-term growth beyond 2013.

Mylan provided 2012 financial guidance that includes adjusted diluted earnings per share of between $2.30 and $2.50, and which would represent 18% growth over 2011 at the midpoint of the range. The company's guidance range for 2012 revenue is $6.8 billion to $7.2 billion, representing 14% annual growth at the midpoint of the range.

Analysts polled by Thomson Reuters expect the company to report earnings of $2.41 per share on revenues of $6.87 billion for fiscal 2012. Analysts' estimates typically exclude special items.

Mylan reaffirmed its target of $2.75 of adjusted earnings per share in 2013, representing annual growth of 15% (from the midpoint of its 2012 range), and updated its 2013 revenue target to $7.5 billion.

Mylan said that it will continue to invest significantly in its existing platform and from 2013 through 2016 expects to spend an additional $2.0 billion in research and development and $1.4 billion on capital expenditures, while increasing its annual manufacturing capacity to in excess of 82 billion doses.

In 2012, Mylan expects to market over 4,700 products and this number is expected to increase to over 6,700 products by 2015.

Mylan is currently targeting adjusted earnings per share of $6.00 in 2018, with opportunities already in house.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade MYL now with 
Follow RTT