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Perrigo Reports Record First Quarter Revenue, Adjusted Earnings And Margins
Date:10/31/2013

ALLEGAN, Mich., Oct. 31, 2013 /PRNewswire/ -- Perrigo Company (NYSE: PRGO; TASE) today announced results for its first quarter ended September 28, 2013.

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Perrigo's Chairman and CEO Joseph C. Papa commented, "We are off to a great start to fiscal 2014. The strength of our business model was clearly evident this quarter.  Every segment experienced double-digit organic sales growth, with 13% consolidated organic revenue growth. We are working hard to close the acquisition of Elan Corporation by the end of this calendar year and believe we will continue to be in a great position to deliver shareholder value."

Refer to Table I at the end of this press release for adjustments in the current year and prior year periods and additional non-GAAP disclosure information. The Company's reported results are summarized in the attached Condensed Consolidated Statements of Income, Balance Sheets and Cash Flows. Perrigo Company(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 2013First Quarter

Ended

First Quarter

Ended

 

YoY 9/28/2013

9/29/2012

% ChangeNet Sales

$933.4

$769.8

+21.3%Reported Net Income

$111.4

$105.6

+5.5%Adjusted Net Income

$143.9

$119.5

+20.4%Reported Diluted EPS

$1.18

$1.12

+5.1%Adjusted Diluted EPS

$1.52

$1.27

+20.0%Diluted Shares

94.7

94.3

+0.4%First Quarter Results

Net sales in the quarter were $933 million, an increase of 21% over the fir
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SOURCE Perrigo Company
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