Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 46

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 46
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1 — 150.3 Administration39.4 39.9 51.1 130.4 Restructuring16.5 15.5 12.3 44.3 Other operating (income) expense, net— — 34.0 34.0 Total operating expenses137.8 177.6 97.4 412.9 Operating income (loss)$15.7 $26.5 $(97.4)$(55.2)Operating income %2.4 %6.1 %NM(5.1)%Interest expense, net43.0 Other (income) expense, net0.4 Income (loss) from continuing operations before income taxes(98.6)CSCACSCIUnallocatedTotalThree Months Ended March 30, 2024Capital expenditures$18.2 $6.9 $— $25.1 Depreciation/amortization$33.2 $48.2 $— $81.4 (1) Amounts may not add or recalculate due to rounding. Percentages are based on actuals.

35

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 operations, and cash flows by focusing on changes in certain key measures from year to year. This MD&A is provided as a supplement to, and should be read in conjunction with our Condensed Consolidated Financial Statements and accompanying Notes found in Item 1 included in this Form 10-Q, and our Form 10-K for the year ended December 31, 2024 (the “2024 Form 10-K”). These historical financial statements may not be indicative of our future performance. This discussion contains a number of forward-looking statements, all of which are based on our current expectations and could be affected by the uncertainties and risks referred to under “Risk Factors” in Item 1A of our 2024 Form 10-K and Part II. Item 1A of this Form 10-Q.

Perrigo Company plc was incorporated under the laws of Ireland on June 28, 2013 and became the successor registrant of Perrigo Company, a Michigan corporation, on December 18,