Perrigo (PRGO) Announces Actions Aimed at Increasing Profits; Will Cut Global Workforce by ~6%
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Perrigo Taking Actions To Deliver Shareholder Value Far Superior To Mylan Offer
October 22, 2015 6:06 AM EDTDUBLIN, Oct. 22, 2015 /PRNewswire/ -- Perrigo Company plc ("Perrigo") (NYSE: PRGO; TASE) today announced it is taking actions to drive substantial profit growth in 2016 and beyond. In total, the actions are expected to add incremental benefits of $175 million when the full run rate of the plan is achieved. With the inclusion of approximately $0.153 in EPS derived from $500 million in share repurchases to be completed in 2015, Perrigo expects to deliver adjusted EPS of approximately $9.45 in 2016. This represents a 22 percent4 increase over the calendar year 2015 EPS guidance midpoint.... More
Perrigo Company plc Reports Record Third Quarter Highlighted By 10% Organic Net Sales Growth
October 22, 2015 6:05 AM EDTDUBLIN, Oct. 22, 2015 /PRNewswire/ --
Third Quarter Calendar Year 2015* Highlights:
Delivered record third quarter net sales of $1.34 billion, comprised of $977 million from consumer-facing businesses Grew net sales by 41%, highlighted by organic net sales of $95 million, an increase of 10% from the prior year on a constant currency basis Adjusted net income increased 38% to a record $258 million, with adjusted diluted earnings per share of $1.76, up 26% Achieved record third quarter adjusted gross margin of 49% and record third quarter adjusted operating margin of 27% Reported... MorePerrigo Animal Health, Walmart Provide Ultimate Protection for Bentonville Police Patrol K-9s
October 20, 2015 9:51 AM EDTOMAHA, Neb., Oct. 20, 2015 /PRNewswire/ -- The Bentonville Police Department's K-9 unit will now be protected in the line of duty thanks to the support of PetArmor®, a brand of Perrigo Animal Health, and Walmart. In partnership with Vested Interest in K9s, Inc. a nonprofit organization that provides bullet- and stab-protective vests to police departments nationwide the group donated three protective vests to help keep the Arkansas-based K-9 officers safe.
Thousands of law enforcement K-9s put their lives on the line... More
