# EDGAR Filing Document

**Accession Number:** 0001295947
**File Stem:** 0001295947-25-000027
**Filing Date:** 2025-8
**Character Count:** 51358
**Document Hash:** 07562d44fbf9793a48c782794c2b78f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001295947-25-000027.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001295947-25-000027

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 31

**CONFORMED PERIOD OF REPORT**: 20250807

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prestige Consumer Healthcare Inc.
- **CENTRAL INDEX KEY:** 0001295947
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 201297589
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32433
- **FILM NUMBER:** 251191390

**BUSINESS ADDRESS:**
- **STREET 1:** 660 WHITE PLAINS RD.
- **CITY:** TARRYTOWN
- **STATE:** NY
- **ZIP:** 10591
- **BUSINESS PHONE:** (914) 524-6800

**MAIL ADDRESS:**
- **STREET 1:** 660 WHITE PLAINS RD.
- **CITY:** TARRYTOWN
- **STATE:** NY
- **ZIP:** 10591

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Prestige Brands Holdings, Inc.
- **DATE OF NAME CHANGE:** 20040727

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Prestige Household Brands, Inc.
- **DATE OF NAME CHANGE:** 20040630

?xml version='1.0' encoding='ASCII'? pbh-20250807

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_______________________

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): August 7, 2025

**PRESTIGE CONSUMER HEALTHCARE INC.** 

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| <u>Delaware</u> | <u>001-32433</u> | <u>20-1297589</u> |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

<u>660 White Plains Road, Tarrytown, New York 10591</u> 

(Address of Principal Executive Offices) (Zip Code)

<u>(914) 524-6800</u> 

(Registrant's telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common stock, par value $0.01 per share** | **PBH** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

On August 4, 2025, Medtech Pharma Holdings Limited ("Purchaser"), an Ontario corporation and a wholly-owned indirect subsidiary of Prestige Consumer Healthcare Inc. (the "Company"), entered into a definitive agreement (the "Share Purchase Agreement") with ANJAC SAS, a French company ("ANJAC"). The Share Purchase Agreement provides that, upon the terms and subject to the conditions set forth therein, Purchaser will acquire all of the shares of Pillar5 Pharma Inc., a Canadian company that is a leading sterile ophthalmic manufacturer and current Clear Eyes® supplier ("Pillar5"), from ANJAC for CAD 150 million in cash, subject to certain adjustments, including indebtedness, as provided in the Share Purchase Agreement (the "Transaction").

The Company expects the Transaction to close in the third quarter of Fiscal 2026.

The closing of the Transaction is subject to the satisfaction or waiver of certain conditions relating to the operational and regulatory state of the Pillar5 factory and other customary conditions to closing.

The Share Purchase Agreement contains customary representations, warranties, and covenants of both Purchaser and ANJAC, as well as indemnification provisions that are subject to specified limitations. Purchaser has obtained representation and warranty insurance, which serves as Purchaser's sole recourse for losses related to breaches of ANJAC's representations and warranties, other than in the case of fraud. Subject to certain exceptions and limitations, Purchaser and ANJAC have agreed to indemnify each other for breaches of post-closing covenants, fraud and other specified matters contained in the Share Purchase Agreement.

The Share Purchase Agreement also contains certain customary termination rights for each of Purchaser and ANJAC. The Share Purchase Agreement may be terminated by either Purchaser or ANJAC if the closing of the Transaction has not occurred prior to December 31, 2025, subject to certain exceptions specified in the Share Purchase Agreement. The Share Purchase Agreement may also be terminated by either Purchaser or ANJAC if the other party is in breach of the Share Purchase Agreement, such that it has not met its closing conditions and has not or is not able to cure such breach.

The foregoing description of the terms of the Share Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Share Purchase Agreement. The Company expects to file a copy of the Share Purchase Agreement as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.

The Share Purchase Agreement contains various representations and warranties made by the parties solely for purposes of the Share Purchase Agreement and as of specific dates set forth therein, which were the product of negotiations, and may be subject to important qualifications and limitations included in confidential disclosure schedules of the Share Purchase Agreement. Certain representations and warranties in the Share Purchase Agreement were used for the purpose of allocating risk between the parties, rather than establishing matters of fact. Furthermore, the representations and warranties may be subject to standards of materiality applicable to the parties that may be different from those applicable to the Company's stockholders. Additionally, information concerning the subject matter of such representations and warranties may change after the date of the Share Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures. Accordingly, such representations and warranties in the Share Purchase Agreement may not constitute the actual state of facts about ANJAC, the Company, or Purchaser. Stockholders of the Company are not third-party beneficiaries under the Share Purchase Agreement and should not rely on the representations, warranties, and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of ANJAC (or any of its subsidiaries), the Company, or Purchaser or any of their respective subsidiaries or affiliates.

**Item 2.02 Results of Operations and Financial Condition.**

On August 7, 2025, the Company announced financial results for the fiscal quarter ended June 30, 2025. A copy of the press release announcing the Company's earnings results for the fiscal quarter ended June 30, 2025 is attached hereto as Exhibit 99.1 and incorporated herein by reference.

**Item 7.01 Regulation FD Disclosure.**

&nbsp;&nbsp;&nbsp;&nbsp;On August 7, 2025, representatives of the Company began making presentations to investors regarding the Company's financial results for the quarter ended June 30, 2025 using slides attached to this Current Report on Form 8-K as Exhibit 99.2

------

(the "Investor Presentation") and incorporated herein by reference. The Company expects to use the Investor Presentation, in whole or in part, and possibly with modifications, in connection with presentations to investors, analysts and others during the fiscal year ended March 31, 2026.

By furnishing the information contained in this Item 7.01, the Company makes no admission as to the materiality of any information that is required to be disclosed solely by reason of Regulation FD.

The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report, although it may do so from time to time as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.

The information presented in Items 2.02 and 7.01 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

**Item 9.01 Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

See Exhibit Index immediately following the signature page.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Dated: August 7, 2025 | PRESTIGE CONSUMER HEALTHCARE INC. | PRESTIGE CONSUMER HEALTHCARE INC. |
|  | By: | /s/ Christine Sacco |
|  |  | Christine Sacco |
|  |  | Chief Financial Officer & Chief Operating Officer |

---

------

EXHIBIT INDEX

---

| | |
|:---|:---|
| Exhibit | Description |
| 99.1 | <u>[Press Release dated August 7, 2025 announcing the Company's financial results for the fiscal quarter ended June 30, 2025 (furnished only).](exhibit991fy26-q1earningsr.htm)</u> |
| 99.2 | <u>[Investor Presentation in use beginning](pbh_fy26xq1xexhibit992.htm)[August](pbh_fy26xq1xexhibit992.htm)[7](pbh_fy26xq1xexhibit992.htm)[, 202](pbh_fy26xq1xexhibit992.htm)[5](pbh_fy26xq1xexhibit992.htm)[(furnished only)](pbh_fy26xq1xexhibit992.htm)</u><u>[.](pbh_fy26xq1xexhibit992.htm)</u> |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |

---

## Exhibit 99.1

Exhibit 99.1

**<u>Prestige Consumer Healthcare Inc. Reports Fiscal 2026 First Quarter Results</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Revenue of $249.5 million in Q1; decline driven by limited eye care supply

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Diluted EPS of $0.95 in Q1, up approximately 6% versus prior year Adjusted Diluted EPS of $0.90

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Announces agreement to acquire current eye care supplier Pillar5 Pharma

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Revising fiscal 2026 revenue outlook to $1,100 to $1,115 million and Diluted EPS outlook to $4.50 to $4.58

TARRYTOWN, N.Y.--(GLOBE NEWSWIRE)-August 7, 2025-- Prestige Consumer Healthcare Inc. (NYSE:PBH) today reported financial results for its first quarter fiscal 2026 ended June 30, 2025.

"We experienced momentum in multiple areas of our business in the first quarter, including strong international segment growth, year-over-year improvement in gross margin, and solid quarterly free cash flow. Unfortunately, these positives were offset by *Clear Eyes* supply constraints, which resulted in lower-than-expected shipments. As we look forward, we continue to expect planned improvements in eye care supply in the second half, further helped by this morning's announcement to acquire Pillar5. In addition, we believe the benefits of our diverse portfolio, financial profile and free cash flow should continue to drive long-term shareholder value," said Ron Lombardi, Chief Executive Officer of Prestige Consumer Healthcare.

**First Fiscal Quarter Ended June 30, 2025**

Reported revenues in the first quarter of fiscal 2026 of $249.5 million decreased 6.6% from $267.1 million in the first quarter of fiscal 2025 and decreased 6.4% excluding the impact of foreign currency. The revenue performance versus the prior year comparable period reflected limited ability to supply demand for *Clear Eyes* and the expected headwind associated with accelerated order timing in Q4 of the prior year, partially offset by continued strong growth in the International OTC segment.

Reported net income for the first quarter of fiscal 2026 totaled $47.5 million, compared to the prior year first quarter's net income of $49.1 million and adjusted net income of $45.0 million. Diluted earnings per share of $0.95 for the first quarter of fiscal 2026 compared to $0.98 diluted earnings per share in the prior year comparable period and $0.90 on a non-GAAP basis.

The adjustment to the first quarter of fiscal 2025 relates to a discrete tax item pertaining to the release of a reserve for an uncertain tax position due to the statute of limitations expiring.

**Free Cash Flow and Balance Sheet**

The Company's net cash provided by operating activities for the first quarter of fiscal 2026 was $79.0 million, compared to $54.8 million during the prior year comparable period. Non-GAAP free cash flow in the first quarter of fiscal 2026 of $78.2 million increased compared to $53.6 million in the prior year first quarter. The material increase in free cash flow was attributable to the timing of working capital and lower interest expense.

------

In fiscal 2025, the Company repurchased approximately 0.4 million shares at a total investment of approximately $34.8 million. The Company's net debt position as of June, 2025 was approximately $0.9 billion, resulting in a covenant-defined leverage ratio of 2.4x.

**Segment Review**

*North American OTC Healthcare*: Segment revenues of $212.6 million for the first quarter fiscal 2026 decreased compared to the prior year comparable quarter's segment revenues of $232.3 million. The revenue decrease was primarily attributable to lower Eye & Ear Care category sales, driven primarily by limited ability to supply demand for *Clear Eyes* and the expected headwind associated with accelerated order timing in Q4 of the prior year.

*International OTC Healthcare*: Fiscal first quarter 2026 revenues of $37.0 million increased 6.1% compared to $34.8 million reported in the prior year comparable period. The revenue performance was driven by broad-based growth across geographies.

**Acquisition of Supplier Pillar5 Pharma**

As part of a long-term strategy to expand eye care production capacity, the Company has entered into a definitive agreement to acquire Pillar5 Pharma Inc. ("Pillar5"), a leading sterile ophthalmic manufacturer and current *Clear Eyes* supplier from ANJAC SAS, a French family-owned industrial group with production sites across health, beauty, personal care and food supplements. *Clear Eyes* is the largest revenue source for Pillar5. The transaction is expected to be approximately neutral to EPS and is expected to close in the third quarter fiscal 2026 based on fulfillment of certain closing conditions.

Based in Ontario, Canada, Pillar5 is a well-established key manufacturer of multi-dose sterile OTC ophthalmic products, which represents the majority of revenue, as well as a producer of certain solid dose products.

**Updated Fiscal 2026 Initial Outlook**

"Although we are disappointed with our start to fiscal 2026 due to our eye care category performance, we are pleased to announce the acquisition of Pillar5 from ANJAC, who has been a valued partner in producing *Clear Eyes* since 2016. The acquisition of a sterile eye care manufacturing site is a strategic component to our objective of securing near-term supply and building long-term supply chain capacity to meet the robust demand we anticipate for *Clear Eyes*. While we expect third party partner manufacturing to remain complementary to our production at Pillar5, we believe securing an internal source of reliable sterile eye manufacturing best supports our eye care business and further enables our long-term growth opportunities," said Ron Lombardi, Chief Executive Officer of Prestige Consumer Healthcare.

He continued, "Primarily to reflect the supply chain shortfalls in eye care that are expected to persist in the first half of fiscal 2026, we now anticipate revenue of $1,100 to $1,115 million. For the second half, we still anticipate year-over-year growth from an acceleration of supply in eye care thanks to our multi-year strategy to enhance long-term capacity. For profitability, we now anticipate EPS of $4.50 to $4.58 driven by our strong financial profile that includes gross margin expansion and lower interest expense. Our free cash flow forecast of $245 million or more is unchanged, along with our commitment to a strong balance sheet and disciplined capital allocation. We believe the benefits of our robust free cash flow and the attributes of our diverse portfolio of needs-based products leaves us well positioned to

------

continue generating consistent financial results and cash flow, which should generate superior shareholder value creation over time," Mr. Lombardi concluded.

---

| | | |
|:---|:---|:---|
| | **Initial Fiscal 2026 Outlook** | **Current Fiscal 2026 Outlook** |
| Revenue | $1,140 to $1,155 million | $1,100 to $1,115 million |
| Organic Revenue Growth | Approximately 1% to 2% | Approximate 1.5% to 3.0% decrease |
| Diluted E.P.S. | $4.70 to $4.82 | $4.50 to $4.58 |
| Free Cash Flow | $245 million or more | $245 million or more |

---

**First Quarter Fiscal 2026 Conference Call, Accompanying Slide Presentation and Replay**

The Company will host a conference call to review its first quarter fiscal 2026 results today, August 7, 2025 at 8:30 a.m. ET. The Company provides a live Internet webcast, a slide presentation to accompany the call, as well as an archived replay, all of which can be accessed from the Investor Relations page of the Company's website at http://www.prestigeconsumerhealthcare.com/. To participate in the conference call via phone, participants may register for the call here to receive dial-in details and a unique pin. While not required, it is recommended to join 10 minutes prior to the event start. The slide presentation can be accessed from the Investor Relations page of the Company's website by clicking on Webcasts and Presentations.

A conference call replay will be available for approximately one week following completion of the live call and can be accessed on the Company's Investor Relations page.

**Non-GAAP and Other Financial Information**

In addition to financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information in this release to aid investors in understanding the Company's performance. Each non-GAAP financial measure is defined and reconciled to its most closely related GAAP financial measure in the "About Non-GAAP Financial Measures" section at the end of this earnings release.

**Note Regarding Forward-Looking Statements** 

This news release contains "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "guidance," "outlook," "may," "will," "would," "believe," "expect," "look forward," "anticipate," "planned," "positioned," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. The "forward-looking statements" include, without limitation, statements regarding the Company's future operating results including revenues, organic growth, diluted earnings per share, and free cash flow; the expected impact of Pillar5 on the Company's revenue and EPS; the timing of the closing of Pillar5; the continued reliance on third-party manufacturing and the impact of acquiring Pillar5 on the supply of eye care products; and the Company's ability to enhance shareholder value through its business strategy, diverse product portfolio, solid balance sheet, generation of free cash flow, and efficient capital allocation. These statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those expected as a result of a variety of factors, including the impact of business and economic conditions, including as a result of evolving U.S. and international

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tariffs, labor shortages, inflation and geopolitical instability, consumer trends, the impact of the Company's advertising and marketing and new product development initiatives, customer inventory management initiatives, fluctuating foreign exchange rates, competitive pressures, the ability to meet Pillar5 closing conditions, and the ability of the Company's manufacturing operations and third party manufacturers and logistics providers and suppliers to meet demand for its products and to avoid inflationary cost increases and disruption as a result of labor shortages. A discussion of other factors that could cause results to vary is included in the Company's Annual Report on Form 10-K for the year ended March 31, 2025 and other periodic reports filed with the Securities and Exchange Commission.

**About Prestige Consumer Healthcare Inc.**

Prestige Consumer Healthcare is a leading consumer healthcare products company with sales throughout the U.S. and Canada, Australia, and in certain other international markets. The Company's diverse portfolio of brands include Monistat® and Summer's Eve® women's health products, BC® and Goody's® pain relievers, Clear Eyes® and TheraTears® eye care products, DenTek® specialty oral care products, Dramamine® motion sickness treatments, Fleet® enemas and glycerin suppositories, Chloraseptic® and Luden's® sore throat treatments and drops, Compound W® wart treatments, Little Remedies® pediatric over-the-counter products, Boudreaux's Butt Paste® diaper rash ointments, Nix® lice treatment, Debrox® earwax remover, Gaviscon® antacid in Canada, and Hydralyte® rehydration products and the Fess® line of nasal and sinus care products in Australia. Visit the Company's website at www.prestigeconsumerhealthcare.com.

------

**Prestige Consumer Healthcare Inc.**

**Condensed Consolidated Statements of Income and Comprehensive Income** 

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| ***<u>(In thousands, except per share data)</u>*** | **2025** | **2024** |
| **Total Revenues** | $249530 | $267142 |
| **Cost of Sales** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of sales excluding depreciation | 106715 | 118697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of sales depreciation | 2484 | 2423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of sales | 109199 | 121120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 140331 | 146022 |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Advertising and marketing | 34937 | 39365 |
| &nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 28456 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 5182 | 5701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 68575 | 73976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income | 71756 | 72046 |
| **Other expense** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense, net | 10203 | 13137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other (income) expense, net | (224) | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense, net | 9979 | 13633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 61777 | 58413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 14311 | 9345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | $47466 | $49068 |
| Earnings per share: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.96 | $0.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.95 | $0.98 |
| Weighted average shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 49475 | 49886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 49833 | 50267 |
| Comprehensive income, net of tax: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Currency translation adjustments | 5404 | 3160 |
| Total other comprehensive income | 5404 | 3160 |
| Comprehensive income | $52870 | $52228 |

---

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**Prestige Consumer Healthcare Inc.**

**Condensed Consolidated Balance Sheets**

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| ***(<u>In thousands</u>)*** | **June 30, 2025** | **March 31, 2025** |
| **Assets** | | |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $139502 | $97884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable, net of allowance of $14,065 and $16,314, respectively | 168405 | 194293 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 153126 | 147709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 19485 | 8442 |
| Total current assets | 480518 | 448328 |
| Property, plant and equipment, net | 73786 | 74548 |
| Operating lease right-of-use assets | 26918 | 28238 |
| Finance lease right-of-use assets, net | 24236 | 25056 |
| Goodwill | 528314 | 527425 |
| Intangible assets, net | 2294829 | 2295350 |
| Other long-term assets | 3024 | 3273 |
| Total Assets | $3431625 | $3402218 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 22206 | 18925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued interest payable | 15078 | 15703 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, current portion | 6072 | 6047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance lease liabilities, current portion | 2530 | 2490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other accrued liabilities | 63782 | 63458 |
| Total current liabilities | 109668 | 106623 |
| Long-term debt, net | 992749 | 992357 |
| Deferred income tax liabilities | 426947 | 419594 |
| Long-term operating lease liabilities, net of current portion | 21397 | 22732 |
| Long-term finance lease liabilities, net of current portion | 19976 | 20624 |
| Other long-term liabilities | 5406 | 5391 |
| Total Liabilities | 1576143 | 1567321 |
| Total Stockholders' Equity | 1855482 | 1834897 |
| Total Liabilities and Stockholders' Equity | $3431625 | $3402218 |

---

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**Prestige Consumer Healthcare Inc.**

**Condensed Consolidated Statements of Cash Flows**

***(Unaudited)*** 

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| | | |
|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| ***<u>(In thousands)</u>*** | **2025** | **2024** |
| **Operating Activities** |  |  |
| Net income | $47466 | $49068 |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 7666 | 8124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on disposal of property and equipment |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred and other income taxes | 5827 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt origination costs | 442 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation costs | 3682 | 3425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash operating lease cost | 1947 | 1706 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 27343 | 6368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (4441) | (13048) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (10946) | 2359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 2756 | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | (813) | (2061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | (1916) | (1883) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other |  | (944) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities | 79013 | 54776 |
| **Investing Activities** |  |  |
| Purchases of property, plant and equipment | (838) | (1152) |
| Other | (1100) | (978) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (1938) | (2130) |
| **Financing Activities** |  |  |
| Term loan repayments |  | (35000) |
| Payments of finance leases | (608) | (720) |
| Proceeds from exercise of stock options | 3155 | 1975 |
| Fair value of shares surrendered as payment of tax withholding | (4054) | (5801) |
| Repurchase of common stock | (34775) | (25976) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used in financing activities | (36282) | (65522) |
| Effects of exchange rate changes on cash and cash equivalents | 825 | 663 |
| Increase in cash and cash equivalents | 41618 | (12213) |
| Cash and cash equivalents - beginning of period | 97884 | 46469 |
| Cash and cash equivalents - end of period | $139502 | $34256 |
| Interest paid | $11501 | $13670 |
| Income taxes paid | $3253 | $3661 |

---

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**Prestige Consumer Healthcare Inc.**

**Condensed Consolidated Statements of Income**

**Business Segments**

***(Unaudited)***

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
| ***<u>(In thousands)</u>*** | **North American OTC Healthcare** | **International OTC Healthcare** | **Consolidated** |
| Total segment revenues\* | $212578 | $36952 | $249530 |
| Cost of sales | 92178 | 17021 | 109199 |
| Gross profit | 120400 | 19931 | 140331 |
| Advertising and marketing | 28954 | 5983 | 34937 |
| Contribution margin | $91446 | $13948 | $105394 |
| Other operating expenses |  |  | 33638 |
| Operating income |  |  | $71756 |

---

\*Intersegment revenues of $0.6 million were eliminated from the North American OTC Healthcare segment.

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** |
| ***<u>(In thousands)</u>*** | **North American OTC Healthcare** | **International OTC Healthcare** | **Consolidated** |
| Total segment revenues\* | $232316 | $34826 | $267142 |
| Cost of sales | 105559 | 15561 | 121120 |
| Gross profit | 126757 | 19265 | 146022 |
| Advertising and marketing | 33753 | 5612 | 39365 |
| Contribution margin | $93004 | $13653 | $106657 |
| Other operating expenses |  |  | 34611 |
| Operating income |  |  | $72046 |

---

\* Intersegment revenues of $0.7 million were eliminated from the North American OTC Healthcare segment.

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***<u>About Non-GAAP Financial Measures</u>***

In addition to financial results reported in accordance with GAAP, we disclose certain Non-GAAP financial measures ("NGFMs"), including, but not limited to, Non-GAAP Organic Revenues, Non-GAAP Organic Revenue Change Percentage, Non-GAAP EBITDA, Non-GAAP EBITDA Margin, Non-GAAP Adjusted Net Income, Non-GAAP Adjusted Diluted EPS, Non-GAAP Free Cash Flow, and Net Debt. We use these NGFMs internally, along with GAAP information, in evaluating our operating performance and in making financial and operational decisions. We believe that the presentation of these NGFMs provides investors with greater transparency, and provides a more complete understanding of our business than could be obtained absent these disclosures, because the supplemental data relating to our financial condition and results of operations provides additional ways to view our operation when considered with both our GAAP results and the reconciliations below. In addition, we believe that the presentation of each of these NGFMs is useful to investors for period-to-period comparisons of results in assessing shareholder value, and we use these NGFMs internally to evaluate the performance of our personnel and also to evaluate our operating performance and compare our performance to that of our competitors.

These NGFMs are not in accordance with GAAP, should not be considered as a measure of profitability or liquidity, and may not be directly comparable to similarly titled NGFMs reported by other companies. These NGFMs have limitations and they should not be considered in isolation from or as an alternative to their most closely related GAAP measures reconciled below. Investors should not rely on any single financial measure when evaluating our business. We recommend investors review the GAAP financial measures included in this earnings release. When viewed in conjunction with our GAAP results and the reconciliations below, we believe these NGFMs provide greater transparency and a more complete understanding of factors affecting our business than GAAP measures alone.

***<u>NGFMs Defined</u>***

We define our NGFMs presented herein as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP Organic Revenues*: GAAP Total Revenues excluding the impact of foreign currency exchange rates in the periods presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP Organic Revenue Change Percentage*: Calculated as the change in Non-GAAP Organic Revenues from prior year divided by prior year Non-GAAP Organic Revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Non-GAAP EBITDA*: GAAP Net Income before interest expense, net, provision for income taxes, and depreciation and amortization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP EBITDA Margin*: Calculated as Non-GAAP EBITDA divided by GAAP Total Revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP Adjusted Net Income*: GAAP Net Income adjusted for a normalized tax rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP Adjusted Diluted EPS*: Calculated as Non-GAAP Adjusted Net Income, divided by the diluted

weighted average number of shares outstanding during the period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Non-GAAP Free Cash Flow*: Calculated as GAAP Net cash provided by operating activities less cash paid for capital expenditures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Net Debt*: Calculated as total principal amount of debt outstanding ($1,000,000 at June 30, 2025) less cash and cash equivalents ($139,502 at June 30, 2025). Amounts in thousands.

The following tables set forth the reconciliations of each of our NGFMs (other than Net Debt, which is reconciled above) to their most directly comparable financial measures presented in accordance with GAAP.

------

**Reconciliation of GAAP Total Revenues to Non-GAAP Organic Revenues and related Non-GAAP Organic Revenue Change percentage:**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| | **2025** | **2024** |
| ***<u>(In thousands)</u>*** |  |  |
| GAAP Total Revenues | $249530 | $267142 |
| Revenue Change | (6.6)% |  |
| <u>Adjustments:</u> |  |  |
| Impact of foreign currency exchange rates |  | (670) |
| Total adjustments |  | (670) |
| Non-GAAP Organic Revenues | $249530 | $266472 |
| Non-GAAP Organic Revenue Change | (6.4)% |  |

---

**Reconciliation of GAAP Net Income to Non-GAAP EBITDA and related Non-GAAP EBITDA Margin:**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| | **2025** | **2024** |
| ***<u>(In thousands)</u>*** |  |  |
| GAAP Net Income | $47466 | $49068 |
| Interest expense, net | 10203 | 13137 |
| Provision for income taxes | 14311 | 9345 |
| Depreciation and amortization | 7666 | 8124 |
| Non-GAAP EBITDA | $79646 | $79674 |
| Non-GAAP EBITDA Margin | 31.9% | 29.8% |

---

**Reconciliation of GAAP Net Income and GAAP Diluted Earnings Per Share to Non-GAAP Adjusted Net Income and related Non-GAAP Adjusted Diluted Earnings Per Share:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| | **2025** | **2025 Diluted EPS** | **2024** | **2024 Diluted EPS** |
| ***<u>(In thousands, except per share data)</u>*** |  |  |  |  |
| GAAP Net Income and Diluted EPS | $47466 | $0.95 | $49068 | $0.98 |
| <u>Adjustments:</u> |  |  |  |  |
| Normalized tax rate adjustment <sup>(1)</sup> |  |  | (4030) | $(0.08) |
| Total adjustments |  |  | (4030) | (0.08) |
| Non-GAAP Adjusted Net Income and Adjusted Diluted EPS | $47466 | $0.95 | $45038 | $0.90 |

---

(1) Income tax adjustment to adjust for discrete income tax items.

------

**Reconciliation of GAAP Net Income to Non-GAAP Free Cash Flow:** 

---

| | | |
|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| | **2025** | **2024** |
| ***<u>(In thousands)</u>*** |  |  |
| GAAP Net Income | $47466 | $49068 |
| <u>Adjustments:</u> |  |  |
| Adjustments to reconcile net income to net cash provided by operating activities as shown in the Statement of Cash Flows | 19564 | 14326 |
| Changes in operating assets and liabilities as shown in the Statement of Cash Flows | 11983 | (8618) |
| Total adjustments | 31547 | 5708 |
| GAAP Net cash provided by operating activities | 79013 | 54776 |
| Purchases of property and equipment | (838) | (1152) |
| Non-GAAP Free Cash Flow | $78175 | $53624 |

---

**<u>Outlook for Fiscal Year 2026</u>:** 

**Reconciliation of Projected GAAP Net cash provided by operating activities to Projected Non-GAAP Free Cash Flow:** 

---

| | |
|:---|:---|
| ***(In millions)*** | |
| Projected FY'26 GAAP Net cash provided by operating activities | $255 |
| Additions to property and equipment for cash | (10) |
| Projected FY'26 Non-GAAP Free Cash Flow | $245 |

---

## Exhibit 99.2

![](pbh_fy26xq1xexhibit992001.jpg)

First Quarter FY 2026 Results August 7th, 2025 Exhibit 99.2

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![](pbh_fy26xq1xexhibit992002.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Safe Harbor Disclosure This presentation contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements regarding the Company's expected financial performance, including revenues, organic revenue growth, diluted EPS, and free cash flow; the Company's ability to execute on its brand-building strategy and to maximize shareholder value; e-commerce growth; the Company's capital allocation strategy and optionality; the timing of closing of the Pillar5 acquisition and implementation of the high-speed line; the impact of the Pillar5 acquisition on the Company's revenue, EPS and leverage; and the Company's ability to, and timing to, obtain adequate supply of Clear Eyes inventory. Words such as "anticipate," "continue," "expect," "enable," "on track," "upcoming," "outlook," "can," "will," "may," "should," "could," "would," and similar expressions identify forward-looking statements. Such forward- looking statements represent the Company's expectations and beliefs and involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, the ability to meet the Pillar5 closing conditions, the ability to rapidly increase the supply of Clear Eyes from Pillar5 and other suppliers; the ability of the Company's manufacturing operations and third party manufacturers and logistics providers and suppliers to meet demand for its other products and to avoid inflationary cost increases and supply disruption; the impact of economic and business conditions; consumer trends; competitive pressures; the impact of the Company's advertising and promotional and new product development initiatives; customer inventory management initiatives; the ability to pass along rising costs to customers without impacting sales; fluctuating foreign exchange rates; evolving U.S. and international tariffs; and other risks set forth in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the year ended March 31, 2025. You are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date this presentation. Except to the extent required by applicable law, the Company undertakes no obligation to update any forward-looking statement contained in this presentation, whether as a result of new information, future events, or otherwise. All adjusted GAAP numbers presented are footnoted and reconciled to their closest GAAP measurement in the attached reconciliation schedule or in our August 7, 2025 earnings release in the "About Non-GAAP Financial Measures" section. We have italicized our trademarks and trade names, which are the property of the Company or its subsidiaries, when they appear in this presentation.

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![](pbh_fy26xq1xexhibit992003.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Agenda for Today's Discussion I. Performance Update II. Financial Overview III. FY 26 Outlook 3

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![](pbh_fy26xq1xexhibit992004.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S I. Performance Update

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![](pbh_fy26xq1xexhibit992005.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Q1 FY 26 Performance Update ◼ Quarterly Revenue of $249.5 million, decline driven primarily by Eye Care supply ◼ As expected, revenue also impacted by Q4 customer order timing ◼ Eye care impact partially offset by continued International segment growth ◼ Gross Margin of 56.2%, up vs. prior year ◼ Diluted EPS(2) of $0.95, up 6% vs. adjusted prior year ◼ Solid quarterly Free Cash Flow(2) of $78 million ◼ Leverage of 2.4x(3) continues to enable capital allocation optionality ◼ Entered agreement to acquire current Clear Eyes supplier Pillar5 Pharma ◼ Optimal capital allocation levers remain unchanged Q1 FY 26 Sales Drivers Disciplined Capital Allocation Superior Earnings and FCF 5

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![](pbh_fy26xq1xexhibit992006.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S 6 Securing Long-Term Eye Care Capacity Eye Care Supply Chain Impact Strategic Initiatives ◼ Eye Care supply chain significantly impacted shipments in Q1 ◼ Key supplier maintenance in May unexpectedly extended through quarter-end ◼ Upcoming new suppliers and initiatives not materially beneficial until 2H Expect Sales Improvement in 2H FY26 & Long-Term Supply Security Supply Chain Impact Expected through 1H FY26 ◼ Announcing strategic acquisition of Pillar5 to secure and expand long-term eye care capacity ◼ Additional 3rd party suppliers coming on imminently to support long-term growth ◼ Large portion of Clear Eyes supply expected to be sourced internally moving forward

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![](pbh_fy26xq1xexhibit992007.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S II. Financial Overview

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![](pbh_fy26xq1xexhibit992008.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Q1 FY 26 Performance Highlights Q1 FY 26 Q1 FY 25 Dollar values in millions, except per share data. $249.5 $79.6 $0.95 $267.1 $79.7 $0.90 Revenue EBITDA Adj. Diluted EPS (6.6%) (0.0%) 5.6% Revenue of $249.5 million, down 6.4% vs. prior year excluding foreign currency(1) Diluted EPS of $0.95 up 5.6% vs. adjusted (2) prior year EBITDA(2) of $79.6 million flat vs. prior year 8 (2) (2)

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![](pbh_fy26xq1xexhibit992009.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S 3 Months Ended Comments ◼ Organic Revenue(1) down 6.4% vs. prior year – Driven by Clear Eyes supply constraints – International segment up ~7.0% excluding currency (1) – Double-digit consumption growth in eCommerce ◼ Gross Margin of 56.2%, up vs. prior year ◼ A&M of 14.0% of Revenue ◼ G&A of 11.4% of Revenue due to timing of costs ◼ EBITDA Margin (2) of 31.9%, up vs. prior year ◼ Diluted EPS of $0.95, up vs. adjusted(2) prior year Q1 FY 26 Consolidated Financial Summary Dollar values in millions, except per share data 9 Q1 FY 26 Q1 FY 25 % Chg Total Revenue 249.5$267.1$(6.6%) Gross Profit 140.3 146.0 (3.9%) % Gross Margin 56.2% 54.7% A&M 34.9 39.4 (11.2%) % Total Revenue 14.0% 14.7% G&A 28.5 28.9 (1.6%) % Total Revenue 11.4% 10.8% D&A (excl. COGS) 5.2 5.7 (9.1%) Operating Income 71.8$72.0$(0.4%) % Margin 28.8% 27.0% Adj. Diluted EPS (2) 0.95$0.90$5.6% EBITDA (2) 79.6$79.7$(0.0%) % Margin 31.9% 29.8%

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![](pbh_fy26xq1xexhibit992010.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S $78.2 $53.6 Free Cash Flow Free Cash Flow Comments ◼ Solid Q1 Free Cash Flow(2) of $78.2 million – Attributable to the timing of working capital and lower interest expense – Maintaining full-year free cash flow outlook(4) ◼ Net Debt at June 30th of $0.9 billion(2); leverage ratio(3) of 2.4x at end of Q1 ◼ Repurchased approximately 400,000 shares for $35 million Record Free Cash Flow and Anticipated Acquisition Terms Q1 FY 26 Q1 FY 25 45.8% (2) Dollar values in millions 10 Pillar5 Acquisition ◼ Entered agreement to acquire current Clear Eyes supplier Pillar5 Pharma ◼ Purchase price ~$100 million\* ◼ Neutral to EPS on a normalized basis ◼ Approximately neutral to leverage ◼ Expected to close fiscal Q3 \* On a debt-free basis and subject to standard working capital and other adjustments

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![](pbh_fy26xq1xexhibit992011.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S III. FY 26 Outlook

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![](pbh_fy26xq1xexhibit992012.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Updating FY 26 Outlook ◼ Update in guidance due largely to ongoing eye care supply constraints in first half ◼ Continue to benefit from well-diversified portfolio and brand-building playbook ◼ Revenues of $1,100 to $1,115 million — Expected organic revenue down approximately (1.5%) to (3.0%) — Assuming Clear Eyes shipment improvements in 2H via strategic actions ◼ Diluted EPS of $4.50 to $4.58 ◼ Expect earnings growth to reaccelerate as revenue improves ◼ Free Cash Flow(4) of $245 million or more unchanged ◼ Capital allocation decisions focused on maximizing shareholder value Top Line Trends Free Cash Flow & Allocation EPS 12

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![](pbh_fy26xq1xexhibit992013.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Q&A

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![](pbh_fy26xq1xexhibit992014.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S Appendix (1) Organic Revenue is a Non-GAAP financial measure and is reconciled to the most closely related GAAP financial measures in the attached Reconciliation Schedules and / or our earnings release dated August 7, 2025 in the "About Non-GAAP Financial Measures" section. (2) EBITDA & EBITDA Margin, Adjusted Diluted EPS, Free Cash Flow, and Net Debt are Non-GAAP financial measures and are reconciled to their most closely related GAAP financial measures in the attached Reconciliation Schedules and / or in our earnings release dated August 7, 2025 in the "About Non GAAP Financial Measures" section. (3) Leverage ratio reflects covenant defined Net Debt / EBITDA. (4) Free Cash Flow for FY 26 is a projected Non-GAAP financial measure, is reconciled to projected GAAP Net Cash Provided by Operating Activities in the attached Reconciliation Schedules and / or in our earnings release dated August 7, 2025 in the "About Non-GAAP Financial Measures" section and is calculated based on projected Net Cash Provided by Operating Activities less projected capital expenditures. 14

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![](pbh_fy26xq1xexhibit992015.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S EBITDA and EBITDA Margin 15 Reconciliation Schedules Organic Revenue Change Three Months Ended June 30, 2025 2024 (In Thousands) GAAP Total Revenues 249,530$267,142$ Revenue Change (6.6%) Adjustments: Impact of foreign currency exchange rates - (670) Total adjustments -$(670)$ Non-GAAP Organic Revenues 249,530$266,472$ Non-GAAP Organic Revenue Change (6.4%) Three Months Ended June 30, 2025 2024 (In Thousands) GAAP Net Income 47,466$49,068$ Interest expense, net 10,203 13,137 Provision for income taxes 14,311 9,345 Depreciation and amortization 7,666 8,124 Non-GAAP EBITDA 79,646$79,674$ Non-GAAP EBITDA Margin 31.9% 29.8%

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![](pbh_fy26xq1xexhibit992016.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S 16 Reconciliation Schedules (Continued) Adjusted Diluted EPS Free Cash Flow (a) Income tax adjustment to adjust for discrete income tax items. Three Months Ended June 30, 2025 2024 Net Income Diluted EPS Net Income Diluted EPS (In Thousands, except per share data) GAAP Net Income and Diluted EPS 47,466$0.95$49,068$0.98$ Adjustments: Normalized tax rate adjustment (a) - - (4,030) (0.08) Total Adjustments - - (4,030) (0.08) Non-GAAP Adjusted Net Income and Adjusted Diluted EPS 47,466$0.95$45,038$0.90$ Three Months Ended June 30, 2025 2024 (In Thousands) GAAP Net Income 47,466$49,068$ Adjustments: Adjustments to reconcile net income to net cash provided by operating activities as shown in the Statement of Cash Flows 19,564 14,326 Changes in operating assets and liabilities as shown in the Statement of Cash Flows 11,983 (8,618) Total adjustments 31,547 5,708 GAAP Net cash provided by operating activities 79,013 54,776 Purchase of property and equipment (838) (1,152) Non-GAAP Free Cash Flow 78,175$53,624$

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![](pbh_fy26xq1xexhibit992017.jpg)

F I R S T Q U A R T E R F Y 2 6 R E S U L T S 17 Reconciliation Schedules (Continued) Projected Free Cash Flow (In millions) Projected FY'26 GAAP Net Cash provided by operating activities 255$ Additions to property and equipment for cash (10) Projected FY'26 Non-GAAP Free Cash Flow 245$

------