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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

delayed start to the flea and tick season in the U.S. due to weather. 

Adjusted gross margin contracted 210 basis points due to an under absorption of fixed production costs and lower sales of higher margin animal health products versus last year.
Adjusted operating margin included increased R&D investments as more products move from prescription to over-the-counter status.

NutritionalsNutritionals Segment(in millions)(see the attached Table II for reconciliation to GAAP numbers)(YoY % Change may not calculate due to rounding)Fiscal 2014Fiscal 2013Fourth Quarter

EndedFourth Quarter

EndedYoY6/28/20146/29/2013% ChangeNet Sales

$145.2$149.7-3

%Reported Gross Profit

$36.8$40.1-8

%Adjusted Gross Profit

$39.9$43.2-8

%Reported Operating Income

$12.1$17.2-30

%Adjusted Operating Income

$20.2$24.5-18

%Reported Gross Margin

25.3

%

26.8

%

-150 bpsAdjusted Gross Margin

27.5

%

28.9

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SOURCE Perrigo Company plc
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