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Perrigo Company (PRGO)
:PRGO
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.95Last Year’s EPS
0.86Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -5.06%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in cost savings and operational efficiencies, particularly in the success of Project Energize and the supply chain reinvention program. However, these positives were counterbalanced by a decline in overall sales and challenges in the U.S. store brand market. Despite these challenges, the company remains optimistic about its strategic initiatives and future growth potential.Company Guidance
During the Perrigo Q3 2024 earnings call, the company provided several key metrics and guidance for the future. Project Energize has yielded $95 million in gross savings year-to-date, with expectations of $140 million to $170 million in annualized savings by the end of 2026. The supply chain reinvention program achieved $32 million in gross savings year-to-date, contributing to a 41% gross margin in Q3, which is a 160-basis point improvement from the previous year. Perrigo reported an EPS of $0.81, marking a 27% year-over-year increase, and reaffirmed its 2024 adjusted EPS range of $2.50 to $2.65. Despite a 3.2% drop in net sales and a 2.4% decline in organic net sales, the company experienced a substantial 21.3% growth in operating income. The company is focused on stabilizing key business areas and streamlining operations, projecting a year-end cash balance between $500 million to $550 million and maintaining its EPS growth target of $3 for 2025.Project Energize Achievements
Achieved $95 million in gross savings year-to-date with a target of $140-$170 million by end of 2026.
Supply Chain Reinvention Program
Delivered gross savings of $32 million year-to-date with improved gross margins and increased U.S. OTC service levels to 92%.
Infant Formula Business Recovery
Net sales grew 3% year-over-year and 58% sequentially with high quality production and packaging.
Earnings Performance
EPS increased by 27% year-over-year to $0.81, with operating income growth of 21.3%.
Debt Refinancing
Issued $1.1 billion in notes due in 2032, redeems $700 million notes due in 2026, resulting in a lower weighted average interest rate.
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PRGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $25.11 | $27.05 | +7.73% |
| Aug 02, 2024 | $27.64 | $27.06 | -2.10% |
| May 07, 2024 | $32.47 | $29.28 | -9.82% |
| Feb 27, 2024 | $30.94 | $26.25 | -15.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Perrigo Company (PRGO) report earnings?
Perrigo Company (PRGO) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Perrigo Company (PRGO) earnings time?
Perrigo Company (PRGO) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRGO EPS forecast?
PRGO EPS forecast for the fiscal quarter 2024 (Q4) is 0.95.
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