PERRIGO Co plc
For the period ended Jun 29, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 2, 2024
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Earnings per Share and Shareholders' Equity
NOTE 12 -EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
Earnings per Share
A reconciliation of the numerators and denominators used in our basic and diluted earnings per share ("EPS") calculation is as follows (in millions):
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Numerator: | ||||
| Income (loss) from continuing operations | $(105.7) | $8.9 | $(101.6) | $7.8 |
| Income (loss) from discontinued operations, net of tax | (2.7) | (0.5) | (4.8) | (2.4) |
| Net income (loss) | $(108.4) | $8.4 | $(106.4) | $5.4 |
| Denominator: | ||||
| Weighted average shares outstanding for basic EPS | 137.1 | 135.3 | 136.9 | 135.1 |
| Dilutive effect of share-based awards | — | 1.3 | — | 1.4 |
| Weighted average shares outstanding for diluted EPS (1) | 137.1 | 136.6 | 136.9 | 136.5 |
(1) In the period of a net loss from continuing operations, diluted shares equal basic shares.
Note 12
Shareholders' Equity
In October 2018, our Board of Directors authorized up to $1.0 billion of share repurchases with no expiration date, subject to the Board of Directors’ approval of the pricing parameters and amount that may be repurchased under each specific share repurchase program (the "2018 Authorization"). We didnot repurchase any shares during the three and six months ended June 29, 2024 or July 1, 2023.
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