Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 0

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 0
---
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 EndedSix Months Ended June 28, 2025June 29, 2024June 28, 2025June 29, 2024Net sales$1,056.3 $1,065.5 $2,100.2 $2,147.5 Cost of sales693.4 670.8 1,345.0 1,395.1 Gross profit362.9 394.7 755.2 752.4 Operating expensesDistribution23.6 24.6 46.4 49.5 Research and development22.0 29.4 48.7 58.4 Selling136.5 150.1 282.7 300.4 Administration113.0 126.1 225.2 256.4 Impairment charges1.5 34.1 4.6 34.1 Restructuring8.7 36.9 38.1 81.3 Other operating (income) expense, net12.2 20.0 17.2 54.0 Total operating expenses317.5 421.2 662.9 834.1 Operating income (loss)45.4 (26.5)92.3 (81.7)Interest expense, net39.6 44.1 78.6 87.1 Other (income) expense, net2.6 3.4 2.2 3.8 Income (loss) from continuing operations before income taxes3.2 (74.0)11.5 (172.6)Income tax expense (benefit)3.7 31.7 11.9 (71.0)Income (loss) from continuing operations(0.5)(105.7)(0.4)(101.6)Loss from discontinued operations, net of tax(7.9)(2.7)(14.4)(4.8)Net income (loss) $(8.4)$(108.4