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Perrigo Company plc Reports Record Fourth Quarter And Fiscal Year Revenue, Adjusted Operating Income And Adjusted Margins
Date:8/14/2014

ass="prnews_span">42

%Fourth Quarter Results

Net sales in the quarter were $1.14 billion, an increase of 18% over the fourth quarter of fiscal 2013, driven primarily by new product sales of $65 million, $112 million in sales attributable the acquisition of Elan Corporation plc ("Elan"), and product acquisitions from Fera Pharmaceuticals, LLC ("Fera") and Aspen Global Inc. ("Aspen"). Excluding charges as outlined in Table I at the end of this release, fourth quarter fiscal 2014 adjusted net income increased 58% to $234 million or $1.74 per diluted share. Reported net income was $132 million, or $0.98 per diluted share. The difference between the reported net income and adjusted net income was attributable primarily to amortization expense and other items not related to the ongoing operations the Company's business.Perrigo Company plc(in millions, except per share amounts)(see the attached Table I for reconciliation to GAAP numbers)(YoY % Change may not calculate due to rounding)Fiscal 2014

Fiscal 2013Year Ended

 

Year Ended

 

YoY

6/28/2014

6/29/2013

% ChangeNet Sales

$4,060.8

$3,539.8

15

%Reported Net Income

$205.3

$441.9

-54

%Adjusted Net Income

$739.5

$529.7

40

%Reported Diluted EPS

$1.77

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SOURCE Perrigo Company plc
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