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Perrigo Reports Record Second Quarter Revenue, Adjusted Earnings and Operating Cash Flow
Date:2/1/2013

rtainties, many of which are beyond the Company's control. These and other important factors, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended June 30, 2012, as well as the Company's subsequent filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 PERRIGO COMPANYCONDENSED CONSOLIDATED STATEMENTS OF INCOME(in thousands, except per share amounts)(unaudited)Three Months EndedSix Months EndedDecember 29, 2012December 31, 2011December 29, 2012December 31, 2011Net sales

$
882,959$
838,170$
,652,769$
,563,465Cost of sales

575,794543,2951,060,3351,041,011Gross profit

307,165294,875592,434522,454Operating expenses  Distribution

11,6999,09522,46619,359  Research and development

28,32331,14855,71850,786  Selling and administration

103,28693,964193,820190,089  Total operating expenses

143,308134,207272,004260,234Operating income

163,857160,668320,430262,220Interest, net

15,31415,64131,16728,211Other expense, net

7675214981Loss on sale of investment

3,049—3,049—Income before income taxes

145,418144,275286,200233,028Income tax expense

39,46344,53674,66562,831Net income

$
5,955$
99,739$
211,535$
70,197Earnings per shareBasic earnings per share

$
.13$
.07$
2.26$
.83Diluted earnings per share

$
.12$
.06$
2.24$
.81Weighted average shares o
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SOURCE Perrigo Company
Copyright©2012 PR Newswire.
All rights reserved

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