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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

n class="prnews_span">$40.9-21

%Reported Gross Profit

$16.8$18.7-10

%Adjusted Gross Profit

$17.3$19.2-10

%Reported Operating Income

$8.8$10.0-12

%Adjusted Operating Income

$9.5$10.5-10

%Reported Gross Margin

51.7

%

45.7

%

+600 bpsAdjusted Gross Margin

53.4

%

46.9

%

+650 bpsReported Operating Margin

27.0

%

24.5

%

+250 bpsAdjusted Operating Margin

29.3

%

25.7

%

+360 bpsThe API segment's fourth quarter net sales declined to $33 million due primarily to a decrease in sales of existing products of $17 million as a result of increased competition on certain products, partially offset by $8 million in new prod
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SOURCE Perrigo Company plc
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