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Perrigo Reports Record Third Quarter
Date:5/7/2009

ALLEGAN, Mich., May 7 /PRNewswire-FirstCall/ --

  • Fiscal third quarter revenue from continuing operations increased $25 million, or 5%, to $506 million as compared to $481 million this quarter a year ago

  • Fiscal third quarter earnings from continuing operations were a record $0.50 per share

  • Consumer Healthcare fiscal third quarter revenue increased by $46 million or 12%

  • Company revises adjusted full year fiscal 2009 income from continuing operations guidance to be in a range of $1.80 to $1.90 per share from previously announced $1.75 to $1.90

  • The Israel Consumer Products business has been classified as discontinued operations and a sales process has commenced

Perrigo Company (Nasdaq: PRGO; TASE) today announced results for its fiscal year 2009 third quarter and nine months that ended March 28, 2009.

                                  Perrigo Company
       (from continuing operations, in thousands, except per share amounts)

                              Third Quarter         Nine Months
                             2009      2008       2009       2008
                             ----      ----       ----       ----
    Net Sales             $505,902  $480,640 $1,498,653 $1,255,639
    Reported Income        $46,469   $40,230   $108,818   $108,037
    Adjusted Income        $46,999   $44,527   $127,710   $112,334
    Reported Diluted EPS     $0.50     $0.42      $1.16      $1.14
    Adjusted Diluted EPS     $0
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SOURCE Perrigo Company
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