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

sales $505,902 $480,640 $1,498,653 $1,255,639 Cost of sales 356,310 330,337 1,066,509 873,004 ------- ------- --------- ------- Gross profit 149,592 150,303 432,144 382,635 ------- ------- ------- ------- Operating expenses Distribution 6,167 6,525 18,513 18,450 Research and development 17,890 19,160 56,036 51,623 Selling and administration 53,638 61,470 165,533 154,949 ------ ------ ------- ------- Subtotal 77,695 87,155 240,082 225,022 ------ ------ ------- ------- Write-off of in-process research and development - 2,786 279 2,786 Restructuring - 348 - 348 --- --- --- --- Total 77,695 90,289 240,361 228,156 ------ ------ ------- ------- Operating income 71,897 60,014 191,783 154,479 Interest, net 6,966 3,686 20,465 12,009 Other (income) expense, net 1,160 353 2,565 (905) Investment impairment - - 15,104 - ------ ------ ------ ------ Income from continuing operations before income taxes 63,771 55,975 153,649 143,375 Income tax expense 17,302 15,745 44,831
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