Lannett Company, Inc. Announces Preliminary Fiscal 2015 Second Quarter Net Sales Of Approximately $115 Million, EPS Between $1.18 And $1.21

Lannett Company, Inc. (NYSE: LCI) today announced that it expects to report fiscal 2015 second quarter net sales of approximately $115 million and diluted earnings per share between $1.18 and $1.21. For the prior year second quarter, the company recorded net sales of $67.3 million and net income attributable to Lannett of $16.6 million, or $0.46 per diluted share. The company said higher gross margin drove the considerably improved performance. The company expects financial results for its fiscal 2015 third and fourth quarters to be consistent with the results reported for the first quarter of fiscal 2015.

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