The McNeil Consumer Healthcare plant in Fort Washington, Montgomery County, will not resume production until at least 2013, Johnson & Johnson’s chief executive officer, Bill Weldon, said Tuesday as the company reported 2011 full-year and fourth-quarter financial results. Recalls, repairs, litigation, and costs related to the acquisition of Synthes Inc. played a big part in J&J’s profit dropping 88.8 percent in the fourth quarter of 2011 compared with the same period a year earlier. Companies like to dismiss so-called one-time charges, even when they amount to an after-tax figure of $2.9 billion, as it did in this case, and they refer instead to happier numbers. Helped in part by currency valuations, J&J revenue increased from $15.64 billion to $16.26 billion in the quarter ended Dec. 31.
