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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

>%

-140 bpsReported Operating Margin

8.3

%

11.5

%

-320 bpsAdjusted Operating Margin

13.9

%

16.4

%

-250 bpsThe Nutritionals segment reported fourth quarter net sales of $145 million as new product sales of $6 million were more than offset by $4 million in discontinued products and lower year-over-year sales in the infant/toddler food and VMS categories.

Fourth quarter gross margin was impacted by the timing of maintenance at the manufacturing facilities, while operating margin was impacted by increased promotional investments to support the launch of the branded probiotic insync®.

Rx PharmaceuticalsRx Pharmaceuticals 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

Ended


YoY

6/28/20146/29/2013% ChangeNet Sales

$253.4$194.7+30

%Reported Gross Profit

$135.6$92.3+47

%Adjusted Gross Profit

$153.1$109.0+40

%Reported Operating Income

$89.3

SOURCE Perrigo Company plc
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