Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 146

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 146
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 $82.3 

37

Perrigo Company plc - Item 1Note 18

CSCACSCIUnallocatedTotalNine Months Ended September 28, 2024Net sales$1,949.5 $1,285.5 $— $3,235.1 Cost of sales1,386.9 691.4 — 2,078.3 Gross profit562.6 594.2 — 1,156.8 Gross margin 28.9 %46.2 %— %35.8 %Operating expensesDistribution41.4 33.3 — 74.7 Research and development45.7 38.7 — 84.4 Selling159.8 270.0 — 429.8 Administration104.7 114.0 154.7 373.3 Impairment charges— 50.3 — 50.3 Restructuring23.8 48.8 25.5 98.1 Other operating (income) expense, net— (26.0)73.5 47.5 Total operating expenses375.5 529.1 253.6 1,158.1 Operating income (loss)$187.1 $65.1 $(253.6)$(1.3)Operating income (loss) %9.6 %5.1 %NM— %Interest expense, net144.7 Other (income) expense, net(0.5)Loss on extinguishment of debt5.2 Income (loss) from continuing operations before income taxes$(150.7)CSCACSCIUnallocatedTotalNine Months Ended September 28, 2024Capital expenditures$56.5 $24.1 $— $80.6 Depreciation/amortization$103.4 $142.2 $— $245.6 (1) Amounts may not add or recalculate due to rounding. Percentages are based on actuals.

38

Perrigo Company plc - Item 2Executive Overview

ITEM 2.        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

The following Management’s Discussion and Analysis ("MD&A") is intended to provide readers with an understanding of our financial condition, results of