Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 0

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 0
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Perrigo Company plc - Item 1

PART I.     FINANCIAL INFORMATION

ITEM 1.        FINANCIAL STATEMENTS (UNAUDITED)

PERRIGO COMPANY PLC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)

(unaudited)

  Three Months EndedNine Months Ended September 27, 2025September 28, 2024September 27, 2025September 28, 2024Net sales$1,043.3 $1,087.5 $3,143.5 $3,235.1 Cost of sales666.2 683.1 2,011.2 2,078.3 Gross profit377.1 404.4 1,132.3 1,156.8 Operating expensesDistribution24.2 25.2 70.6 74.7 Research and development24.9 26.0 73.6 84.4 Selling127.3 129.4 409.9 429.8 Administration94.2 116.9 319.4 373.3 Impairment charges— 16.2 4.6 50.3 Restructuring20.8 16.8 58.9 98.1 Other operating (income) expense, net13.1 (6.5)30.4 47.5 Total operating expenses304.5 324.0 967.4 1,158.1 Operating income (loss)72.6 80.4 164.9 (1.3)Interest expense, net40.6 57.6 119.2 144.7 Other (income) expense, net9.6 (4.1)11.9 (0.5)Loss on extinguishment of debt— 5.1 — 5.2 Income (loss) from continuing operations before income taxes22.4 21.8 33.8 (150.7)Income tax expense (benefit)9.7 39.4 21.5 (31.5)Income (loss) from continuing operations12.7 (17.6)12.3 (119.2)Loss from discontinued operations, net of tax(5.2)(3.