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Allergan Reports Second Quarter 2012 Operating Results

Allergan, Inc. (NYSE: AGN) today announced operating results for the quarter ended June 30, 2012. Allergan also announced that its Board of Directors has declared a second quarter dividend of $0.05 per share, payable on September 13, 2012 to stockholders of record on August 23, 2012.

Operating Results Attributable to Stockholders

For the quarter ended June 30, 2012:
  • Allergan reported $0.96 diluted earnings per share attributable to stockholders compared to $0.79 diluted earnings per share attributable to stockholders for the second quarter of 2011.
  • Allergan reported $1.07 non-GAAP diluted earnings per share attributable to stockholders compared to $0.96 non-GAAP diluted earnings per share attributable to stockholders for the second quarter of 2011, an 11.5 percent increase.

Product Sales

For the quarter ended June 30, 2012:
  • Allergan reported $1,467.4 million total product net sales. Total product net sales increased 4.8 percent compared to total product net sales in the second quarter of 2011. On a constant currency basis, total product net sales increased 8.7 percent compared to total product net sales in the second quarter of 2011.
    • Total specialty pharmaceuticals net sales increased 5.0 percent, or 8.8 percent on a constant currency basis, compared to total specialty pharmaceuticals net sales in the second quarter of 2011.
    • Total medical devices net sales increased 4.0 percent, or 8.3 percent on a constant currency basis, compared to total medical devices net sales in the second quarter of 2011.

“In the second quarter, Allergan continued to deliver strong earnings growth in spite of the strong U.S. Dollar relative to virtually all major currencies,” said David E.I. Pyott, Allergan’s Chairman of the Board, President and Chief Executive Officer. “In addition, we continue to focus on identifying efficiencies so that we can continue to invest strongly in R&D to drive innovation.”

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