Akorn, Inc. provided preliminary unaudited earnings guidance for the financial year 2015 and 2016. Preliminary net revenue for 2015 is anticipated to be approximately $985 million and preliminary GAAP diluted earnings per share is expected to be $1.14. Preliminary non-GAAP adjusted EPS for 2015 is expected to be $1.93. Adjusted EBITDA for full year 2015 is estimated to be $455 million and cash flow from operations is estimated to be approximately $345 million. Capital expenditures are expected to be approximately $33 million, and Adjusted income tax rate is expected to be 37%.

For the year 2016, the company expected net revenues in the range of $1,060 million to $1,080 million, GAAP gross margin is expected in the range of 61% to 62%, Adjusted gross margin is expected in the range of 61% to 62%. GAAP income tax rate is expected in the range of 37% to 38%. GAAP diluted earnings per share is expected in the range of $1.56 to $1.66, Adjusted diluted earnings per share is expected in the range of $2.10 to $2.20, Adjusted EBITDA is expected in the range of $485 million to $505 million and capital expenditures are expected in the range of $70 million to $95 million.