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Perrigo Company plc Reports Record Fourth Quarter And Fiscal Year Revenue, Adjusted Operating Income And Adjusted Margins. Conference call scheduled for 10 a.m. ET today.
Date:8/14/2014

Profit

$205.7$202.3+2

%Reported Operating Income

$104.7$101.9+3

%Adjusted Operating Income

$113.3$112.7+1

%Reported Gross Margin

33.3

%

35.4

%

-210 bpsAdjusted Gross Margin

33.9

%

36.0

%

-210 bpsReported Operating Margin

17.3

%

18.1

%

-80 bpsAdjusted Operating Margin

18.7

%

20.0

%

-130 bpsConsumer Healthcare segment net sales were $607 million, reflecting an increase in sales of existing products of $52 million (primarily in the antacids and smoking cessation categories), new product sales of $15 million and $6 million attributable to the recent acquisition of OTC products from Aspen. These combined increases were offset by a decline of $29 million in sales of existing products (primarily in the contract manufacturing and animal health categories) due primarily to relatively lower sales in third party contract manufacturing and a
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SOURCE Perrigo Company plc
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