PERRIGO Co plc
For the period ended Sep 28, 2024. Filed Nov 6, 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.
Sep 28, 2024 · Filed Nov 6, 2024
PRGO$16.95+6.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 | |
| Net sales | $1,087.5 | $1,123.8 | $3,235.1 | $3,498.7 |
| Cost of sales | 683.1 | 712.6 | 2,078.3 | 2,245.6 |
| Gross profit | 404.4 | 411.2 | 1,156.8 | 1,253.1 |
| Operating expenses | ||||
| Distribution | 25.2 | 27.8 | 74.7 | 85.0 |
| Research and development | 26.0 | 29.6 | 84.4 | 92.9 |
| Selling | 129.4 | 150.2 | 429.8 | 489.2 |
| Administration | 116.9 | 126.0 | 373.3 | 393.6 |
| Impairment charges | 16.2 | — | 50.3 | — |
| Restructuring | 16.8 | 15.5 | 98.1 | 25.7 |
| Other operating (income) expense, net | (6.5) | — | 47.5 | (0.8) |
| Total operating expenses | 324.0 | 349.1 | 1,158.1 | 1,085.6 |
| Operating income (loss) | 80.4 | 62.1 | (1.3) | 167.5 |
| Interest expense, net | 57.6 | 43.5 | 144.7 | 131.1 |
| Other (income) expense, net | (4.1) | (0.6) | (0.5) | (9.6) |
| Loss on extinguishment of debt | 5.1 | — | 5.2 | — |
| Income (loss) from continuing operations before income taxes | 21.8 | 19.2 | (150.7) | 46.0 |
| Income tax (benefit) expense | 39.4 | 3.8 | (31.5) | 22.7 |
| Income (loss) from continuing operations | (17.6) | 15.4 | (119.2) | 23.3 |
| Loss from discontinued operations, net of tax | (3.4) | (1.2) | (8.1) | (3.7) |
| Net income (loss) | $(21.0) | $14.2 | $(127.3) | $19.6 |
| Earnings (loss) per share | ||||
| Basic | ||||
| Continuing operations | $(0.13) | $0.11 | $(0.87) | $0.17 |
| Discontinued operations | (0.02) | (0.01) | (0.06) | (0.03) |
| Basic earnings (loss) per share | $(0.15) | $0.10 | $(0.93) | $0.14 |
| Diluted | ||||
| Continuing operations | $(0.13) | $0.11 | $(0.87) | $0.17 |
| Discontinued operations | (0.02) | (0.01) | (0.06) | (0.03) |
| Diluted earnings (loss) per share | $(0.15) | $0.10 | $(0.93) | $0.14 |
| Weighted-average shares outstanding | ||||
| Basic | 137.5 | 135.5 | 137.3 | 135.2 |
| Diluted | 137.5 | 136.9 | 137.3 | 136.6 |
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