Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 0

Company: PERRIGO Co plc
Filing Date: 2025-05-07
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 Ended March 29, 2025March 30, 2024Net sales$1,043.9 $1,082.1 Cost of sales651.6 724.4 Gross profit392.3 357.7 Operating expensesDistribution22.8 24.9 Research and development26.7 29.0 Selling146.2 150.3 Administration112.2 130.4 Impairment charges3.1 — Restructuring29.4 44.3 Other operating (income) expense, net5.0 34.0 Total operating expenses345.4 412.9 Operating income (loss)46.9 (55.2)Interest expense, net39.0 43.0 Other (income) expense, net(0.4)0.4 Income (loss) from continuing operations before income taxes8.3 (98.6)Income tax expense (benefit)8.2 (102.7)Income from continuing operations0.1 4.1 Loss from discontinued operations, net of tax(6.5)(2.1)Net income (loss) $(6.4)$2.0 Earnings (loss) per shareBasicContinuing operations$— $0.03 Discontinued operations(0.05)(0.02)Basic earnings (loss) per share$(0.05)$0.01 DilutedContinuing operations$— $0.03 Discontinued operations(0.05)(0.02)Diluted earnings (loss) per share$(0.05)$0.01 Weighted-average shares outstandingBasic137.7 136.6 Diluted137.7 137.6 

See accompanying Notes to the Condensed Consolidated Financial Statements.

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Perrigo Company plc - Item 1

PERRIGO COMPANY PLC

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

(unaudited)

Three Months EndedMarch 29,