Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ABBOTT LABORATORIES Earnings Release 2015

Jul 22, 2015

29777_rns_2015-07-22_f396b673-929b-41bd-ba9b-88c832197c22.zip

Earnings Release

Open in viewer

Opens in your device viewer

8-K 1 a15-15970_18k.htm 8-K

*UNITED STATES*

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, D. C. 20549*

*FORM 8-K*

*CURRENT REPORT*

*Pursuant to Section 13 or 15(d) of the*

*Securities Exchange Act of 1934*

*July 22, 2015*

Date of Report (Date of earliest event reported)

*ABBOTT LABORATORIES*

(Exact name of registrant as specified in charter)

Illinois 1-2189 36-0698440
(State or other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)

*100 Abbott Park Road*

*Abbott Park, Illinois 60064-6400*

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (224) 667-6100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SEQ.=1,FOLIO='',FILE='C:\JMS\108202\15-15970-1\task7496320\15970-1-ba.htm',USER='108202',CD='Jul 21 07:09 2015'

Item 2.02 Results of Operations and Financial Condition

On July 22, 2015, Abbott Laboratories announced its results of operations for the second quarter 2015.

Furnished as Exhibit 99.1, and incorporated herein by reference, is the news release issued by Abbott announcing those results. In that news release, Abbott uses various non-GAAP financial measures including, among others, net earnings excluding specified items. These non-GAAP financial measures adjust for factors that are unusual or unpredictable, such as cost reduction initiatives; transaction-related costs; tax expense associated with a one-time repatriation of ex-U.S. earnings; gain on the sale of a portion of Abbott’s position in Mylan stock; and a decrease in the fair value of contingent consideration related to a business acquisition. These non-GAAP financial measures also exclude intangible amortization expense to provide greater visibility on the results of operations excluding these costs, similar to how Abbott’s management internally assesses performance. Abbott’s management believes the presentation of these non-GAAP financial measures provides useful information to investors regarding Abbott’s results of operations as these non-GAAP financial measures allow investors to better evaluate ongoing business performance. Abbott’s management also uses these non-GAAP financial measures internally to monitor performance of the businesses. Abbott, however, cautions investors to consider these non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.

Item 9.01
Exhibit No. Exhibit
99.1 Press Release dated July 22, 2015 (furnished pursuant to Item 2.02).

2

SEQ.=1,FOLIO='2',FILE='C:\JMS\108202\15-15970-1\task7496320\15970-1-ba.htm',USER='108202',CD='Jul 21 07:09 2015'

*SIGNATURE*

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/ Brian B. Yoor
Brian B. Yoor
Senior Vice President, Finance
and Chief Financial Officer

3

SEQ.=1,FOLIO='3',FILE='C:\JMS\108202\15-15970-1\task7496320\15970-1-ba.htm',USER='108202',CD='Jul 21 07:09 2015'

*EXHIBIT INDEX*

Exhibit No. Exhibit
99.1 Press Release dated July 22, 2015 (furnished pursuant to Item 2.02).

4

SEQ.=1,FOLIO='4',FILE='C:\JMS\108202\15-15970-1\task7496320\15970-1-ba.htm',USER='108202',CD='Jul 21 07:09 2015'