Akorn, Inc. Provides Preliminary Unaudited Earnings Guidance for the Financial Year 2015 and 2016
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.