<SEC-DOCUMENT>0001367644-19-000019.txt : 20190502
<SEC-HEADER>0001367644-19-000019.hdr.sgml : 20190502
<ACCEPTANCE-DATETIME>20190502161913
ACCESSION NUMBER:		0001367644-19-000019
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190502
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190502
DATE AS OF CHANGE:		20190502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Emergent BioSolutions Inc.
		CENTRAL INDEX KEY:			0001367644
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				141902018
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33137
		FILM NUMBER:		19792159

	BUSINESS ADDRESS:	
		STREET 1:		400 PROFESSIONAL DR, SUITE 400
		CITY:			GAITHERSBURG
		STATE:			MD
		ZIP:			20879
		BUSINESS PHONE:		240-631-3200

	MAIL ADDRESS:	
		STREET 1:		400 PROFESSIONAL DR, SUITE 400
		CITY:			GAITHERSBURG
		STATE:			MD
		ZIP:			20879
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>q12019pressrelease.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="safe22cc1d7784b6788d25835d708341c"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:18pt;"><font style="font-family:Times New Roman;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Times New Roman;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Times New Roman;font-size:18pt;font-weight:bold;">FORM&#160;8-K</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">Pursuant to Section&#160;13 or 15(d)&#160;of the Securities Exchange Act of 1934</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Date of Report (Date of earliest event reported):</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Times New Roman;font-size:10pt;">May 2, 2019</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Times New Roman;font-size:18pt;font-weight:bold;">EMERGENT BIOSOLUTIONS INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">(Exact name of registrant as specified in its charter)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:32%;"></td><td style="width:2%;"></td><td style="width:32%;"></td><td style="width:2%;"></td><td style="width:32%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DELAWARE</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">001-33137 </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14-1902018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or other jurisdiction</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(IRS Employer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">of incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">400 Professional Drive, Suite 400,</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:12pt;"><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">Gaithersburg, Maryland 20879</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Times New Roman;font-size:10pt;">(Address of principal executive offices, including zip code)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(240) 631-3200</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">(Registrant&#8217;s telephone number, including area code)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">N/A</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">(Former name or former address, if changed since last report)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">see</font><font style="font-family:Times New Roman;font-size:10pt;">&#32;General Instruction A.2. below):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o </font><font style="font-family:Times New Roman;font-size:10pt;">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o </font><font style="font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o </font><font style="font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in&#160;Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Emerging growth company &#160;&#160;&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act. </font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Securities registered pursuant to Section 12(b) of the Act:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.8984375%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:41%;"></td><td style="width:21%;"></td><td style="width:38%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title of each class</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trading Symbol(s)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Name of each exchange on which registered</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Common Stock, Par Value $0.001 per share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EBS</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New York Stock Exchange</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Item 2.02  Results of Operations and Financial Condition</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;On&#160;May 2, 2019, Emergent BioSolutions Inc. announced financial and operating results for the period ended&#160;March 31, 2019. The full text of the press release issued in connection with the announcement is attached as Exhibit 99 to this Current Report on Form 8-K.</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Item 9.01  Financial Statements and Exhibits</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">&#32;(d)</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Times New Roman;font-size:10pt;">Exhibits.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.2109375%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:16%;"></td><td style="width:3%;"></td><td style="width:81%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit&#160;No.&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="q12019earningsrelease.htm"><font style="font-family:inherit;font-size:10pt;">Press release issued by the company on&#160;May 2, 2019.</font></a></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:51%;"></td><td style="width:5%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMERGENT BIOSOLUTIONS INC.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated: May 2, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ RICHARD S. LINDAHL</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Name:Richard S. Lindahl</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title: Executive Vice President, Chief Financial</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Officer and Treasurer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:53px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:53px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:53px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>q12019earningsrelease.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s0b8ec3b543c44576a94615b3ff61f419"></a></div><div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:76px;width:177px;"></div><div style="line-height:120%;text-align:left;"><img src="a050221194qcy2018fina_image2.gif" alt="a050221194qcy2018fina_image2.gif" style="height:16px;width:145px;"></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;font-weight:bold;">EMERGENT BIOSOLUTIONS REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;font-weight:bold;">&#8211;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;font-weight:bold;">Reaffirms full year 2019 financial forecast and operational goals</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;font-weight:bold;">&#8211;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:12pt;font-weight:bold;">Provides Q2 2019 revenue forecast of $200M-$220M</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;font-weight:bold;">GAITHERSBURG, Md., May 2, 2019</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;">&#8212;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Emergent BioSolutions Inc. (NYSE: EBS) reported financial results for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">three months ended March 31, 2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">FINANCIAL HIGHLIGHTS</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.23371647509579%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:52%;"></td><td style="width:24%;"></td><td style="width:24%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;">(in millions)</font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">Q1 2019</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;">(unaudited)</font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">Q1 2018</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Total Revenues</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$190.6</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$117.8</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Pre-tax Loss</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$(37.8)</font></div></td><td style="vertical-align:middle;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(9.4)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Net Loss</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(26.0)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(4.9)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Adjusted Net Loss </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(6.8)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(1.6)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">EBITDA </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(1.6)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$3.1</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Adjusted EBITDA </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$7.4</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$3.3</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">Q1 </font><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">2019</font><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">&#32;AND RECENT BUSINESS ACCOMPLISHMENTS</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;text-decoration:underline;">Procurement Contract</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Signed a contract with the U.S. Department of State valued at up to $100 million over 10 years to establish a long-term, reliable supply chain of medical countermeasures for chemical threats, including the supply of RSDL&#174; (Reactive Skin Decontamination Lotion Kit) and Trobigard&#174; atropine sulfate/obidoxime chloride auto-injector.</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;text-decoration:underline;">Product Development</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Initiated a Phase III trial to evaluate the lot consistency, immunogenicity and safety of AV7909 (anthrax vaccine adsorbed with CPG 7909 adjuvant), with funding from the U.S. Biomedical Advanced Research and Development Authority (BARDA) pursuant to a development and procurement contract signed in September 2016; the Company also initiated manufacturing of AV7909 in Q1 2019.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Provided interim analysis of the Phase II clinical study evaluating the safety and immunogenicity of the Company's chikungunya virus virus-like-particle vaccine candidate, CHIKV-VLP, showing with a single dose administered up to 98% of study participants produced neutralizing antibodies against the chikungunya virus by day 7, with persistent effect out to the six-month visit, including in the single-dose regimen.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="s1AD1170CB49ED9A5A6C4CA0733ED1BB4"></a></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">2019</font><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">&#32;FINANCIAL PERFORMANCE</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;text-decoration:underline;">Revenues</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Total Revenues</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, total revenues were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$190.6</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">62%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;over </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. Total revenues reflect a significant increase in product sales due to the contribution of recently acquired products.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;"><br></font></div><div><br></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Product Sales</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, product sales were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$153.0</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$77.2</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">102%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The increase primarily reflects sales of NARCAN</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">&#174;</sup></font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;(naloxone HCl) Nasal Spray, which was acquired in October 2018, and ACAM2000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">&#174;</sup></font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;(Smallpox (Vaccinia) Vaccine, Live).</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:93.29501915708812%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:58%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:14%;"></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#ffffff;">(in millions)</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#ffffff;">(unaudited)</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#ffffff;">Three Months Ended March 31,</font></div></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">2018</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">% Change</font></div></td></tr><tr><td colspan="8" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Product Sales</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">NARCAN Nasal Spray</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$65.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$0.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">NA</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">ACAM2000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$45.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$21.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">109%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">BioThrax</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$11.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$20.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">(42)%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$30.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$33.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">(11)%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #f2f2f2;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Total Product Sales</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #f2f2f2;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$153.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #f2f2f2;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #f2f2f2;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$75.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #f2f2f2;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">102%</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Contract Manufacturing</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, revenue from the Company&#8217;s contract manufacturing operations was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$15.9</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">decrease</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$10.2</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">39%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">decrease</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;primarily reflects contracted service work in Q1 2018 that did not recur in Q1 2019.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Contracts and Grants</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, revenue from the Company&#8217;s development-based contracts and grants was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$21.7</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$5.8</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">36%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;primarily reflects increased R&amp;D activities related to certain ongoing funded development programs, most notably AV7909.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;text-decoration:underline;">Operating Expenses</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Cost of Product Sales and Contract Manufacturing</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, cost of product sales and contract manufacturing was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$91.8</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$37.5</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">69%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;primarily reflects the impact of an increase in product sales due to the contribution of recently acquired products NARCAN Nasal Spray, Vivotif</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">&#174;</sup></font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">(Typhoid Vaccine Live Oral Ty21a), and Vaxchora</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">&#174;</sup></font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;(Cholera Vaccine, Live, Oral), which were all acquired in October 2018, as well as the contribution of increased ACAM2000 sales.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Research and Development (Gross and Net)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, gross R&amp;D expenses were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$46.1</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$17.0</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">58%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The increase primarily reflects costs associated with incremental development programs from the recent acquisitions of PaxVax and Adapt Pharma in October 2018, as well as timing of manufacturing development activities related to the AV7909 program.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, net R&amp;D expense, which reflects investments made in development programs that are not currently funded in whole or in part by third-party partners and is calculated as gross research and development expenses minus contracts and grants revenue, was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$24.4</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$11.2</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">85%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;primarily reflects investments in the development of the CHIKV-VLP vaccine, FLU-IGIV hyperimmune and various programs related to opioid overdose response, which are part of the development portfolio resulting from the Adapt Pharma acquisition in October 2018. The Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;net R&amp;D expense was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">14%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of net revenue (total revenue less contracts &amp; grants) compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">13%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of net revenue in Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 2 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:93.29501915708812%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:13%;"></td></tr><tr><td rowspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;">(in millions)</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;">(unaudited)</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">Three Months Ended March 31,</font></div></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">2018</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">% Change</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Research and Development Expenses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$46.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$29.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">58%</font></div></td></tr><tr><td colspan="8" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Less Contracts and Grants Revenue</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$21.7</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$15.9</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">36%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Net Research and Development Expenses</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$24.4</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$13.2</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">84.8%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Adjusted Revenue </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;<br>(Total Revenue less Contracts and Grants Revenue)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">$168.9</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$101.9</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">66%</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Net R&amp;D as % of Adjusted Revenue (Net R&amp;D Margin)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">14.4</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">%</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">13.0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">NA</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Selling, General and Administrative</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, selling, general and administrative expenses were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$65.4</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$25.4</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">64%</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;primarily reflects the addition of the operations associated with the October 2018 acquisitions of both PaxVax and Adapt Pharma.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Amortization of Intangible Assets</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, amortization of intangible assets was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$14.5</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million versus </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$3.9</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million as compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">. The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">increase</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;entirely reflects higher non-cash intangible asset amortization costs associated with the PaxVax and Adapt Pharma acquisitions, which both closed in October 2018.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, the benefit from income taxes in the amount of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$11.8</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million includes the impact of non-deductible acquisition transaction costs and other permanent items. The effective tax rate for Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;is not meaningful given the lack of any pre-tax income for the quarter.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Net Income (Loss) &amp; Adjusted Net Income (Loss)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, the Company recorded a net loss of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$26.0</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$0.51</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;per diluted share, versus a net loss of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$4.9</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$0.10</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;per diluted share, in </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, the Company recorded an adjusted net loss of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$6.8</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$0.13</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;per diluted share, versus an adjusted net loss of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$1.6</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$0.03</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;per diluted share, in </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">EBITDA &amp; Adjusted EBITDA</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, the Company recorded EBITDA of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$(1.6)</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million versus </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$3.1</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million in </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q1 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">, the Company recorded adjusted EBITDA of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$7.4</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million versus </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">$3.3</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;million in 2018. </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-style:italic;">(1)</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 3 of 9</font></div></div><hr style="page-break-after:always"><div><a name="s5d513f42ad8b427186920d06f7a00929"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:11pt;font-weight:bold;">2019 FINANCIAL FORECAST (Reaffirmed)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For full year 2019, the company reaffirms its expectation of the following forecasted financial metrics:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.23371647509579%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:38%;"></td><td style="width:62%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;color:#ffffff;">(in millions)</font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;color:#ffffff;font-weight:bold;">FULL YEAR 2019</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;<br></font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-style:italic;">(As of 5/2/2019)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Revenues</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$1,060 -- $1,140</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Net Income </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$80 -- $110</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted Net Income</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">&#160;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$150 -- $180</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">EBITDA</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">&#160;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$255 -- $285</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted EBITDA</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">&#160;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-style:italic;">(1)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:5px solid #ffffff;border-right:5px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$280 -- $310</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">The Company&#8217;s financial forecast for 2019 includes the anticipated impact of full year product sales, continued contract manufacturing and contracts &amp; grants revenue as well as continued investment in discretionary funding development projects. The outlook for 2019 does not include estimates for potential new corporate development or other M&amp;A transactions.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">Q2 2019 REVENUE FORECAST</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">For Q2 2019, the Company forecast for total revenues is $200 million to $220 million.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Demi,sans-serif;font-size:10pt;font-weight:bold;">FOOTNOTES</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-style:italic;">(1)  See "Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss), EBITDA and Adjusted EBITDA" for a definition of terms and a reconciliation table.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="s3d429944566e4e2083f25dfea724a5be"></a></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:11pt;font-weight:bold;">CONFERENCE CALL AND WEBCAST INFORMATION</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Company management will host a conference call at 5:00 pm (Eastern Time) today, May 2, 2019, to discuss these financial results. This conference call can be accessed live by telephone or through Emergent&#8217;s website:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:36px;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:81.99233716475096%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:94%;"></td><td style="width:6%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;text-decoration:underline;">Live Teleconference Information:</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Dial in: [US] (855) 766-6521; [International] (262) 912-6157</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Conference ID: 8099738</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;text-decoration:underline;">Live Webcast Information:</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Visit https://edge.media-server.com/m6/p/5bkqm2hj for the live webcast feed.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">A replay of the call can be accessed at www.emergentbiosolutions.com under &#8220;Investors.&#8221;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:11pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:11pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:11pt;font-weight:bold;">ABOUT EMERGENT BIOSOLUTIONS INC.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Emergent BioSolutions Inc. is a global life sciences company seeking to protect and enhance life by focusing on providing specialty products for civilian and military populations that address accidental, deliberate, and naturally occurring public health threats. We aspire to be a Fortune 500 company recognized for protecting and enhancing life, driving innovation, and living our values. Additional information about the company may be found at www.emergentbiosolutions.com. Find us on LinkedIn and follow us on Twitter @emergentbiosolu and Instagram @life_at_emergent.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 4 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:11pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:11pt;font-weight:bold;">SAFE HARBOR STATEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including, without limitation, our financial guidance, statements regarding product sales, continued contract manufacturing and contracts &amp; grants revenue as well as continued investment in discretionary funding development projects and any other statements containing the words &#8220;will,&#8221; &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends&#8221; &#8220;plans,&#8221; &#8220;targets,&#8221; &#8220;forecasts,&#8221; &#8220;estimates&#8221; and similar expressions in conjunction with, among other things, discussions of the Company's outlook, financial performance or financial condition, financial and operation goals, strategic goals, growth strategy, product sales, government development or procurement contracts or awards, government appropriations, manufacturing capabilities, and Emergency Use Authorization (EUA) and the timing of other regulatory approvals or expenditures are forward-looking statements. These forward-looking statements are based on our current intentions, beliefs and expectations regarding future events. We cannot guarantee that any forward-looking statement will be accurate. Investors should realize that if underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could differ materially from our expectations. Investors are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, we do not undertake to update any forward-looking statement to reflect new information, events or circumstances.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">There are a number of important factors that could cause the Company&#8217;s actual results to differ materially from those indicated by such forward-looking statements, including the availability of funding and the exercise of options under our BioThrax and AV7909 contracts; appropriations for the procurement of our products; our ability to secure EUA designation and licensure of AV7909 from the FDA within the anticipated timeframe, if at all; availability of funding for our U.S. government grants and contracts; our ability to successfully integrate and develop the operations, products or product candidates, programs, and personnel of any entities, businesses or products that we acquire, including our acquisitions of PaxVax and Adapt; our ability to complete expected deliveries of BioThrax, and raxibacumab; our ability to establish a multi-year follow-on contract for ACAM2000; our ability to advance the technology transfer of raxibacumab to the Company&#8217;s Bayview facility; our ability to identify and acquire or in-license products or product candidates that satisfy our selection criteria; our ability and the ability of our collaborators to defend underlying patents from infringement by generic naloxone entrants; whether anticipated synergies and benefits from an acquisition or in-license will be realized within expected time periods, if at all; our ability to utilize our manufacturing facilities and expand our capabilities; our ability and the ability of our contractors and suppliers to maintain compliance with Current Good Manufacturing Practices and other regulatory obligations; the results of regulatory inspections; the success of our ongoing and planned development programs; the timing and results of clinical trials; the timing of and our ability to obtain and maintain regulatory approvals for our product candidates; and our commercialization, marketing and manufacturing capabilities and strategy. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement. Investors should consider this cautionary statement as well as the risk factors identified in our periodic reports filed with the Securities and Exchange Commission when evaluating our forward-looking statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">###</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Investor Contact</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Robert Burrows</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Vice President, Investor Relations</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">(o) 240/631-3280; (m) 240/413-1917</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">burrowsr@ebsi.com</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">Media Contact</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Lynn Kieffer</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Vice President, Corporate Communications</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">(o) 240/631-3391</font></div><div style="font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">kiefferl@ebsi.com</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="sc31915c0e329476fbe852002946f54c9"></a></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 5 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:85.0574712643678%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:62%;"></td><td style="width:3%;"></td><td style="width:16%;"></td><td style="width:3%;"></td><td style="width:16%;"></td></tr><tr><td colspan="5" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Emergent BioSolutions Inc. </font></div></td></tr><tr><td colspan="5" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Consolidated Balance Sheets</font></div></td></tr><tr><td colspan="5" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">(in millions, except per share data)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">ASSETS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">(Unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Current assets:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">137.2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">112.2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Restricted cash</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Accounts receivable, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">121.5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">262.5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Inventories</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">211.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">205.8</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Prepaid expenses and other current assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">58.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">40.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:21px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">528.5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">620.8</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Property, plant and equipment, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">513.4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">510.2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Intangible assets, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">757.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">761.6</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">In-process research and development</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">41.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">50.0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">267.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">259.7</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Other assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">46.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">27.1</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total assets</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">2,153.7</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">2,229.4</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Current liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Accounts payable</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">78.6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">80.7</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Accrued expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">49.6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">30.7</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Contingent consideration, current portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">62.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">5.6</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Accrued compensation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">36.9</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">58.2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Long-term indebtedness, current portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">10.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">10.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Other current liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">10.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">15.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:21px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total current liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">248.4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">200.4</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Contingent consideration</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">10.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">54.4</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Long-term indebtedness</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">732.4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">784.5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Deferred tax liability</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">66.4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">67.5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Deferred revenue, net of current portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">64.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">62.5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Other liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">44.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">49.2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:21px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">1,166.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">1,218.5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Stockholders&#8217; equity:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Preferred stock, $0.001 par value; 15.0 shares authorized, no shares issued or outstanding at both 2019 and 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:69px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">--</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:69px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">--</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Common stock, $0.001 par value; 200.0 shares authorized, 52.6 shares issued and 51.4 shares outstanding at 2019; 52.4 shares issued and 51.2 shares outstanding at 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Treasury stock, at cost, 1.2 common shares at both 2019 and 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(39.6)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(39.6)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Additional paid-in capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">690.2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">688.6</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(4.5)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(5.5)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Retained earnings</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">341.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">367.3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:21px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">987.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">1,010.9</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:21px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Total liabilities and stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">2,153.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:45px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">2,229.4</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 6 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.80459770114942%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:52%;"></td><td style="width:3%;"></td><td style="width:20%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:20%;"></td><td style="width:1%;"></td></tr><tr><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Emergent BioSolutions Inc. </font></div></td></tr><tr><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Consolidated Statements of Operations</font></div></td></tr><tr><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">(in millions, except per share data)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Three months ended March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">2019</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">(Unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Product sales, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">153.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">75.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Contract manufacturing, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">15.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">26.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Contracts and grants</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">21.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">15.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">190.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">117.8</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Operating expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Cost of product sales and contract manufacturing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:53px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">91.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">54.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Research and development</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">46.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">29.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Selling, general and administrative</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">65.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">40.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Amortization of intangible assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">14.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">3.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">217.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">127.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Loss from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(27.2)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(9.5)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Other income (expense):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(9.6)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(0.2)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:10px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Other income (expense), net</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(1.0)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Total other income (expense), net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(10.6)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">0.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Loss before benefit from income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(37.8)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(9.4)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">Benefit from income taxes</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(11.8)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(4.5)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Net loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(26.0)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;text-indent:64px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(4.9)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Net loss per share - basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(0.51)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(0.10)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Net loss per share - diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(0.51)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">(0.10)</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Weighted-average number of shares - basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">51.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">49.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;font-weight:bold;">Weighted-average number of shares - diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">51.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;text-indent:58px;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">49.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 7 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;font-weight:bold;">RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME (LOSS), EBITDA AND ADJUSTED EBITDA</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">This press release contains three financial measures </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;font-weight:bold;">(Adjusted Net Income (Loss), EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), and Adjusted EBITDA)</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#32;that are considered &#8220;non-GAAP&#8221; financial measures under applicable Securities and Exchange Commission rules and regulations. These non-GAAP financial measures should be considered supplemental to and not a substitute for financial information prepared in accordance with generally accepted accounting principles. The Company&#8217;s definition of these non-GAAP measures may differ from similarly titled measures used by others. Adjusted Net Income (Loss) adjusts for specified items that can be highly variable or difficult to predict, or reflect the non-cash impact of charges resulting from purchase accounting (which are all tax effected utilizing the statutory tax rate for the US). EBITDA reflects net income excluding the impact of depreciation, amortization, interest expense and provision for income taxes. Adjusted EBITDA also excludes specified items that can be highly variable and the non-cash impact of certain purchase accounting adjustments (which are all tax effected utilizing the statutory tax rate for the US). The Company views these non-GAAP financial measures as a means to facilitate management&#8217;s financial and operational decision-making, including evaluation of the Company&#8217;s historical operating results and comparison to competitors&#8217; operating results. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company&#8217;s operations that, when viewed with GAAP results and the reconciliations to the corresponding GAAP financial measure, may provide a more complete understanding of factors and trends affecting the Company&#8217;s business.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">The determination of the amounts that are excluded from these non-GAAP financial measures are a matter of management judgment and depend upon, among other factors, the nature of the underlying expense or income amounts. Because non-GAAP financial measures exclude the effect of items that will increase or decrease the Company&#8217;s reported results of operations, management strongly encourages investors to review the Company&#8217;s consolidated financial statements and publicly filed reports in their entirety.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) (Unaudited)</font></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.04214559386973%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:55%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:16%;"></td></tr><tr><td rowspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-style:italic;">(in millions, except per share value)</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended March 31, 2019</font></div></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2018</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Source</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Net Loss</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($26.0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($4.9</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="8" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Acquisition-related costs (transaction &amp; integration)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">4.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">SG&amp;A</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Non-cash amortization charges</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">15.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">4.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">COGS, SG&amp;A, Other Income</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Impact of purchase accounting on inventory step-up</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">5.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">COGS</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Tax effect</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">(5.1)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">(0.9)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Adjustments:</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">19.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">3.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted Net Loss</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($6.8</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($1.6</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted Net Loss Per Diluted Share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($0.13</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($0.03</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 8 of 9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;"><img src="a050221194qcy2018fina_image1.gif" alt="a050221194qcy2018fina_image1.gif" style="height:74px;width:177px;"></div></div><div><br></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.04214559386973%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:55%;"></td><td style="width:29%;"></td><td style="width:16%;"></td></tr><tr><td rowspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-style:italic;">(in millions)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Full Year </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Forecast</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2019F</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Source</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Net Income</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$80 - $110</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Acquisition-related costs (transaction &amp; integration)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">14</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">SG&amp;A</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Non-cash amortization charges</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">64</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">COGS, SG&amp;A, Other Income</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Exit and disposal costs</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">4</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">SG&amp;A</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Impact of purchase accounting on inventory step-up</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">7</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">COGS</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:middle;border-bottom:2px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">(19)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Adjustments:</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:2px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">70</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted Net Income</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$150 - $180</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA (Unaudited)</font></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.04214559386973%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:59%;"></td><td style="width:1%;"></td><td style="width:19%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:18%;"></td><td style="width:1%;"></td></tr><tr><td rowspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-style:italic;">(in millions, except per share value)</font></div></td><td colspan="6" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended March 31, 2019</font></div></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Net Loss</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($26.0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($4.9</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;text-indent:10px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Depreciation &amp; amortization</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">26.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">12.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Benefit from income taxes</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">(11.8</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">(4.5</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Total interest expense</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">9.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Adjustments</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">24.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">8.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">($1.6</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$3.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;text-indent:10px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Additional Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Acquisition-related costs (transaction &amp; integration)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">4.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Impact of purchase accounting on inventory step-up</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">5.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Additional Adjustments</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">9.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$7.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cccccc;border-left:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-top:2px;padding-bottom:2px;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$3.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ffffff;background-color:#cccccc;border-right:1px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.04214559386973%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:73%;"></td><td style="width:27%;"></td></tr><tr><td rowspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-style:italic;">(in millions)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Full Year </font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">Forecast</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#0f243e;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;color:#ffffff;font-weight:bold;">2019F</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Net Income</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;text-indent:2px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$80 - $110</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;text-indent:10px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Depreciation &amp; amortization</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">106</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Provision for income taxes</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">30</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Total interest expense</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">39</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Adjustments</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">175</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">EBITDA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$255 - $285</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;text-indent:10px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">Additional Adjustments:</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Acquisition-related costs (transaction &amp; integration)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">14</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Exit and disposal costs</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">4</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;padding-left:18px;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;">+  Impact of purchase accounting on inventory step-up</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">7</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Total Additional Adjustments</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">25</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">Adjusted EBITDA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #ffffff;background-color:#cccccc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:18px;border-left:1px solid #ffffff;border-right:2px solid #ffffff;border-top:1px solid #ffffff;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:9pt;font-weight:bold;">$280 - $310</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Page 9 of 9</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>a050221194qcy2018fina_image1.gif
<TEXT>
begin 644 a050221194qcy2018fina_image1.gif
M1TE&.#EA#P-- ?<           $! >D83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND83ND8
M3N@93N893N0;3]X>4-8D4LDL5;@W6:5%7I!48WQB:6YN;F]O;W!P<'%Q<7)R
M<G-S<W1T='5U=79V=G=W=WAX>'EY>7IZ>GM[>WQ\?'U]?7Y^?G]_?X" @(&!
M@8*"@H.#@X2$A(6%A8:&AH>'AXB(B(F)B8J*BHN+BXR,C(V-C8Z.CH^/CY"0
MD)&1D9*2DI.3DY24E)65E9:6EI>7EYB8F)F9F9J:FIN;FYR<G)V=G9Z>GI^?
MGZ&AH:*BHJ.CHZ2DI*6EI::FIJ>GIZBHJ*FIJ:JJJJNKJZRLK*VMK:ZNKJ^O
MK["PL+&QL;*RLK.SL[2TM+6UM;:VMK>WM[BXN+FYN;JZNKN[N[R\O+V]O;Z^
MOK^_O\# P,'!P<+"PL/#P\3$Q,7%Q<;&QL?'Q\C(R,G)R<K*RLO+R\S,S,W-
MS<[.SL_/S]#0T-'1T=+2TM/3T]34U-75U=;6UM?7U]C8V-G9V=K:VMO;V]S<
MW-W=W=[>WM_?W^'AX>+BXN/CX^3DY.7EY>;FYN?GY^CHZ.GIZ>KJZNOKZ^SL
M[.WM[>[N[N_O[_#P\/'Q\?+R\O/S\_3T]/7U]?;V]O?W]_CX^/GY^?KZ^OO[
M^_S\_/W]_?[^_O_______R'Y! $     +      / TT!0 C^  $('$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,!G2F$FSILV;.'/JW+DSIL^?0(,*'4JTJ-&C2#WR7,JTJ=.G4*-"34JUJM6K
M6+-JW;I2JM>O8,.*'1N6J]FS:-.J7<M6(-FW4K'"G=NTK=V[>//J94LWZEZC
M?9_^'4RXL.'#"0/71,S8H&*:C2-+GDR9Y-S*F#E>SLRYLV>]93^+?AEZM.G3
MJ$_&3<TZZ>K6L&/'KBN[MEJGMG/K)MQSM^^_O7\+'TZ\N/'C'74B7\Z\N7/;
M/)]+GTZ]>F'<9A_/5+WTX6.E@0'^:^<>O.';D=HA%_0+,CWY\@L5?TR//>17
MB6 OQJTO<^Q!_OV5-I]7$^5GD5^T)?9:@ 3BY]]&!D(4(47[,26A6!"R]U.#
M[2UH'H8B;68?AP5ZF)R&W@GHH& *3F69B1^B")Z,#-XW(HD1P=B5CAW2B-"$
M)0$9)(X*V6@2D3\BN:.+*2FY'H\#^OB?DS<R>:&5+!F)$I5N01FBEU6R&!^7
M/4I)$)E'@EDF@(ZA.2.64YJ)GII/PMDD?7C"UZ:<7_(9)IMQYBFH>D72F::=
M?2(ZT*",$IJDGVL".J:BAT):E9MOBGFGGUJBA>F6AJY(:9V64O6I9J%V.>J0
MJ8I7ZHG^KZ(*::?9M=I2HPE6=.I1NVJTJZU1KFHJL!CUFA&FM&IE[)_*\45L
M4,OJU^JSP0K+K*.%QIJAMKY.&VVQS<9H[9R2WO:MM#DY="Z%WG+['K5GYGKE
MN+#2*ZN]@:ZK:G<ENILIKLG>"^^B\J;H+[KX[NMONN0*&JF%2R9\[,"3.OQO
MP3X!/%Z]>59;;L,?BRJ?=227?*"*B9)E\LHLM\P:Q2!C[/+,--<\V,$J26SS
MSCSWC!3,%T?G\]!$%WV6B/T^:/323#>=%Z-.1RWUU%17;?756&>M]=:UV?1O
M:XO5BBW79)>=- TTAYWQV&:W[7;0,N^)MKJ:5EQWMG&32O?^=O,^"G&@!N<=
M[Z=.>DTPVV\G/I3A>\_=HN-^SPNYWO=*CG?C.2)..>:7!SXYJ9]W[G?H#AZN
MMN:*ITZ:VN*2OB_>KD>.,.N@9\ZW[ S:'KOI?3^^N]RP]P[N3:H7OQ;#H_].
M>[ZQ$^][X[<S#[ORRR=O=_3/<SZ]W34*+_?OIH-O_/CDEV_^^>BGK_[Z[+>N
M\?LXM2___*[";__]\=.O__Z#X^___]_AGP"K!D#LC:: !AR@ I$S* (V<($0
M%$UX(#C!"%K0+BJ[(,<"IL$.PH2#'EP=SD)(0M_QJX3'NQL*5]B_<+$P,G][
MH0QG2,,:VO"&NM$3#G?(0V<)K8?^0,2@#ODW0E#=3V#R@I_DH)8S_"'QA.$;
MF:X0",63'7%;=7N?YQ (MQ].S%UPV:!@JC@\F.E+82$S(0C52$;0I?%L*M1=
M'-D%QO-@<81 F]T<GQC#Z^E,9&>LT1N_-T@]"LZ->UQB_MCH15:-:XW=*A7*
M'G;(Y/4Q2X%T7R4AZ;%"\K&-S/-D)(65R2D6$8Z7)&0EQ9A*5:[RDXV$WBLI
M2<4UEE*6LX3E$!%92S+=DHZ)I&4L6]A+(?$2E"_25AX!*4I>+1.7K4SFJHRY
ME5^:\H^*1"8QFUF_8 ISEXP$IR.Q":UG:C*:,=ND-2/FS5M1$YJY!  G+V5.
M0<:SGMG^U.95UCF]>(ZRG?-T#3[+Z,0N#E-9 PVG.$.I3R.>\HO58VA#O^E"
MA[8SBO[\TQ8SVDGDM26@TD3=-M&9LF8F%)7<!*9'[4G2:TVTHR^5:$O_N4AX
M'G13Y.QF3L\94856]%W<Y"=-"VK%G3)SIC"]J4J)6M2+CK.8')6I%@V)5(/^
M-)\=*^=5@RC3W4!5:3AUWM6VRM4.@K12#RVK6HN7UI!6=:UP59]1W:K4N-I5
M?T+UXUOORE<%?K6G?0VL8 =+V,(:]K"(3:QBF<:XE@&VB0E<K&2%TEB6/1:G
MD\UL46HZNMQQ[WJBNZ,@*Z:]TC[.>YT%;3]'FSUTJ4J>ZA'^J69Y5MG/XBY?
MNNLG6;^7V].*J[>D#5SP4%L[X>IUI;?MWVRC)E;;)I>WT*M7:[OG6^JV[K?&
MG:YSH6M:B(ION5CS6B$O.U+.'G>WED3N<5GJ//*B47/N?:]Z4]M=5]85O/C-
MKW[WR]_^^A>R(/JO@-GZUP /^,#-*3 5$<Q@SRCXP5%ML(0I"^$*]V7"& :*
MA3>LL0Q[.*D<7JA40XS>#W_XKXA!L8DE[#_CM'C%^,75T  &8\/BR6U9K3%7
M ]@^'NOXA1<F89!_;,$P M'(1)X?6 6[Y"0;[YV+A;*3M792N^9URL]IZW*U
MC.4$I_3$7^ZR<R),9#*+63CW/3/^5K^K9A<WM\T>@[.<YZQ;-M/YSCX3,9[W
M3%L]\_G/+HLIH =M'3,36H-O+G*8-WM6JUSYF&EVYJ/#*FBK1EJ^YDWGHAE=
MY?)6>D,R!G&B,;JQI9;:)306]:@QW>1KJOB.%K-T3Q^XYBN65$JM/NH/7^S3
M6&L:409NZM\:I6L9W=B[.LJU'&G#ZSHW6Y<E9N^G23W)6D-QK_8UM*<OW>M,
M;U3*D!9QHT?L9YYR.[W8IO:XPSWM;$<;P$[]]J<SJ&HNP_9<M^R5LJ4]7W67
M>]EASG>[JDW0/W;:W/]&J:"#3=%-(SSAK(8XP-]*<'E[.^+]EO6JN[UQ6,^R
MXA[GZ,'^SRMQA4<:W*QTN+4OCNYV%]O/Z]9X;>D:TT>[">4A3_?(6W[N@JMS
MY_>V-\G?'?1X^QRIDQXZRUUZWYB;>J9.?_JT@<YNHN>\H5&7>L^'BO2D%_V-
M7N>YU:&]]*R_?*%A;S35MUUR81\R[%_7]L0G:O:SEQCNY.[XK;6)\Y0WG>J_
M$KI-22Q2N!M>383_N^#GWG97"R[Q=3V\,A?/;\)7/N-[=SE5L0[YNZ\][WKW
MN^<['WK)X^OS<9?[!P'/>D[AO>%+9Z?*G2WNU\L\OJ(?>^JW3G;,[[/U<UUY
MZ'>O>0I3WO&S)SZWZ[ZVXX-^YDH??N:+K]7@6[SQR(>Z[7/^[_N8[!OCZ58^
M]C4,?*.C7ORZY[3U!Y]^9*]R^[V7_NK_=W7>+Z[\)G5^]&,_+/U7G?_U)G_P
MQW74!WN3,V2_5H#>AW_WY'^T-W[SMWX/UWT!"'UBUW[59W33AWN.-H";9W\?
MF'#GQW88R$?L1X&W)UL&:($7B(*9=X( 2',QB% C2(&F9WX..($N6'_75X)N
M%WY'UV[,=WW"QX) I8#J)X$DUX,[6'^ZYX'_UX369G<S&']&R'1M!W(_*'_^
MYH-."(1)J(3H1X5<:(4<"'Y2>(2I<C WF'Q%>(8MN%=L.()H^%4IN(-SF(-U
M>(4<AW9(&(7N08 @N(6#F'U_2(+^]&&&*FA1D*>(4A2$A:AUV!=JLD=O&UB%
MW,>'6(B)D*B%[A>)FVAAEYA7>MB%90B#;GAH+T-ZH*B*KLB(8HB*7OB*M)B
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DS9Y%FU;M6K9MW;Z%&U?N7+IU[=[%FU?O7KY]_?X%'!AO0  [

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>a050221194qcy2018fina_image2.gif
<TEXT>
begin 644 a050221194qcy2018fina_image2.gif
M1TE&.#EAQ@$V /<           $! 1],5E=X@%=X@%=X@%=X@%=X@%=X@%=X
M@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%=X@%EY@7N5FX^E
MJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^E
MJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJH^EJI&FJ[G'RL71T\?2U,?2U,?2
MU,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2U,?2
MU,?2U,?2U,?2U,?2U,C3U>#FY___________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M_____________________R'Y! $     +     #& 38 0 C^  <('-# E,&#
M"!,J7&BJQ, !#"-*G$BQHL6+&#-JW&C0X<./($,*+ &$H\F-#TN<7,FRI<N7
M$Q\V^%CRI$>!,'/JW,G3XDV(+'\6[*DQ)=&C2)-B-(KPH\J,/UN6F#JUIM*K
M"8%0I8JUX\.73#=JW6J58UB38ZF6=9EV*\^V4WENC1MSX%.&,P<.G1C5HLR+
M0/XR%$Q1YL.U# /;7:A8(.*N"OMBG"KR,>.S?#$/7ERQ\0#+"_,ZKMA@[T71
M0"5*WHD:L&#-$7]^7K@Z(NR*MQM^95B[-L*;IC?+I OY]VZ+J.]F/%YT8&'.
M$CUS] T6>D3/ AN0='E3^62[N2?^8G]*/3+SGF</2Q2M7#U1S]ZEGC]-&+=U
MGN$/YC\I.KC?^SF5IYMS+.V'7$@8H48010JF1A%V(RT%DG_" 1B1@J#9-)]&
M0M&7'Q *QF>>7A>!E*$I(#HED8H/-BBB01"^J%"*&XZHUXFR0122C%#56-R/
M0 ;EHVHYSA;D0@8>J>22IC"%&H4^#<GDE%0.B)-+22:5995<(@4;=B<:1Z!K
M$VY5V75;YKB<A2B&I-U<#4:XDX#?D7@@2'.Y*:&<'CI%59Q07E8FG'J2Z2>A
M.UH$(4%;Q5F6@2SR)B6,D]+F(YUM#E13?@)B6ER1(H6J79B69K=1=\_QJ1J;
M$[&''JO^7IF*WY@82;>E04\FY&F3>LWEZZ^^GN@>0JXBJ:E"Q4)%6:@TR55I
M0LDU-Q*PU/Z:Z@ \QCIMM=P2A]>.W?Z4+6_+,GNL;;V&6RU\*\G66D4_D=KN
M8KOV]6R!L$YW;VCUU27KJZJN:*=.MV8:,,&LQKM2P=%]Q!&-YA(DK[&T]HFM
MOA$SW&/%)LFV<<;C)A;GN* FFM&BH3Z5I%89WXA6G&ZN9>)+NW9I,U8EMQS2
MQ%UI?///"Q<Z+\= %WU5S6CVJZ3/1C?]7X21GKJOTU1W/'5L3.>4==5<-P4=
MF%(3W?78&HJ-4KY8;4UVU9KE6N>5&L&,Y[4./GUP9N=^J_/^Q40AC?=H@,G=
M[)IW/]AR SP?!''+(3,F>)D</6YA;E&O:C:_ R?V4:!(+]JX*>_:N&!G>27^
M=MT:81=H5I6+;N2UGX.]WN"S9][PL+7_*]Y,JT,K4X:+[_4A[9)>3JSM]A7N
M69A1[:JTMJ@KF?/>R/O+]T7.HVT0[O!>O>?UQ8,?8/76JY2DVZ7";;GX);(:
M7K++"USX]N0#B73K[<^_?O0)06H\UO\SR?#J5[;120M;6QJ/Z))'O93E[D7<
M YV%XM<BZFGG*'Z3H/84TD!SP8XBTVL@Z3JX090Q"W$,)*%3&"8;JV1/?]RQ
M7:?.D\%:;6Y.WD.?W4QWP'%)ARC^Q&/@YSXV/U3A"X:M^DO-U":>XR0+78 S
MXE&8*";U942'?^,?3 Q4P_RQ3XA3=-\&Y??%DX7*8D,,# J]R"O ,<@N3VQ8
M[R[D/1#6\2 =LMOK.F/ \BG*8=_I7>B\6$;%]3%!4L+B&S<U1CL"$I$=G*/K
M)%G% !I2A6[421==9Z@&QHY9,C)AQ$@E.9 U$9-[?&,D&=E(1UIQ;;#D$"KQ
M-R4JQA)H$Z+9'6^YMA!VD(=>:B4ONW8F(5ERF,/<)/0RN21;(I-+#AS:*Y])
M33SNDE(1#)(SJ\FDE"B2B-P,IS6/:3TM%F>;XM3F8F07MFFFDY?*9)TP 5;(
M=[(-.K3^=*4Y[4FV>/9OGK-"(C^+=I9OZG.@S_2GUP2J%'0B]"J886>4R)F5
MG#6N8#5D5Q9%LAVD*!2;#$7(XC8WQ(76DR]R6R-:0GC!E;#LA!U=*2@M YM\
MIF^?@M*92F_*,P5"TIT&:R PNT=1* +UIAFCI'Z$6<I;B?*$J5-A3YN:-_H5
MSJ WM2'^1KJZ1Z:0F?N#8!"S@B%G%75&8]7<[QQW0[L-T5V/*4&(^&A3KOYQ
MK;'!*@=IJ::ESD^B #RJKIZ'UFP&M7&@\B*4"'N=H1)5L-%ID,5(A1VW3I:N
MNJ/C(4^9V0HIM2.=I"1J6'E2FT+OKF#=7V!Q&E2-9C%\K.W^BB^%BCT"8FZS
M%#OI0?I#.-S&L*KI^ZP9@9O%DNQ'KU:*K6%S%ZC]&(6"9'P1<+@TVZ0F[H>]
M'1<7O;?<(YY4B@@+Z3AQ8B# 5O*QPO6K%C$E&4SQ%K:.Q:$E/6:2.$X4LOX3
M[WC3Z\5L?32K9QO)ROA:*?!^3T;OK5!9['M)P3XIOC!!&GT#'-O<?O!:&(.L
M -'VX/'I=[?@:>0W7SA+_=W&OH;=SU.W%5,,[JNR%"[QA?<G8T7)M8,A6S&V
MU/+3$HN+B*DDL8]5N\ B#Y:<-Z8>A%<[W+.6>%+[J6[+5(G)MS9PI[GU<<%\
M>MH9]P3%Q,45@+K+H7*1.<,5;G#^:LFH);3]=[6Z-6E)HS.5.*UOSKG%LP;_
M52^ ]M9W)JZJ@7,"8P]KN+!A-JJ>#\S )<.WASTIM)%/XK,6)O>Q:;8:G]A[
M'.P"T<],%DM:P\??[((QH''>ZX=-G=-,5VC10=WQLQB[Q7.=N5BB<7025_W:
MAXT:T:G>L$ 5MI,Z.E2]"+;MJ?ES1LSZ%B:-*0B#+3SHG4!7EV=5<RI7"VLO
MYV[;+<'HL2]-QE(C6SX(0NV:@3VQQ-YWD+>36).?74!7JWK=1TZTC; ,8-+@
ME<JK^['%ZAGMN U0V2"]&!,7=44\(>:EO\XROI$U-V?W*C8YTG6^[7WO5'L.
M,4FFM4E[IV4XAT>F0;W+48M_ S,>C4Q&(=<WH(<SHR(9%]04SZ$G15VPMIY.
MR7V[IGJ#/=*,73>:(K/@Q*AZ(Q4S_=^UM>!O> QMM]BDY=UNB-5/MO6'F9FD
I&J<S5[A#EM3%O%<0ALO*KP.J49U$*W+S5MEK=?:49!V/H/(60@(" #L!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
