NYSE$PRGO

Perrigo Company · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Perrigo's Q3 2021 financial results from continuing operations were impacted by supply chain disruption and higher input costs, leading to lowered 2021 financial guidance.

Perrigo reported a 4.0% increase in net sales to $1.04 billion in Q3 2021. However, adjusted diluted EPS decreased by 25.0% to $0.45 per diluted share due to lower operating efficiencies, higher materials and freight costs, and product recalls. The company lowered its fiscal 2021 outlook.

  • Net sales increased by 4.0% to $1.04 billion, with organic net sales growth of 2.6%.
  • CSCA net sales increased 4.6%, while CSCI net sales increased 2.8%.
  • Reported diluted loss per share was $0.40, compared to earnings per share of $0.19 in the prior year quarter.
  • Adjusted diluted EPS decreased 25.0% to $0.45 per diluted share.

Headline financials

Total Revenue

$1.04B

Previous: $1.21B-14.1%
EPS (adj)

$0.45

Previous: $0.93-51.6%
Adjusted Operating Income

$112M

Previous: $184M-39.4%
Capital Expenditures

-$110M

Previous: -$104M-5.8%
Free Cash Flow

-$169M

Previous: -$259M+34.6%
Net Income

-$58.9M

Previous: -$155M+61.9%
Operating Income

$438M

Previous: -$95.5M+559.0%
Gross Profit

$336M

Previous: $428M-21.4%
Cash & Equivalents

$2.08B

Previous: $849M+144.7%
Total Assets

$10.9B

Previous: $11.6B-5.7%
Stock-Based Comp

$11.1M

Previous: $14.2M-21.8%

Revenue & EPS history

Perrigo · Revenue · Quarterly

$1.04B

Q3 2021-14.1%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Perrigo · $1.04B total across 2 segments · Q3 2021

  • Consumer Self-Care Americas
    $694M+4.5%
  • Consumer Self-Care International
    $349M+2.9%

Forward guidance

The Company is updating its fiscal 2021 outlook to reflect third quarter results and management expectations for the remainder of the year. The Company now expects calendar year 2021 adjusted diluted EPS of between $2.00 to $2.10.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-1.5%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-3.4%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+20.2%

Q4 2024

Best reaction

-25.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.3%-5.0%-7.0%
Q4 2025-1.5%-21.0%-33.9%
Q3 2025-25.2%-29.4%-33.4%
Q1 2025+7.2%+9.4%+6.0%
Q4 2024+20.2%+22.1%+16.3%
Q3 2024+6.2%+5.4%+10.7%
Q2 2024+1.8%-1.5%+3.3%
Q1 2024-6.9%-8.1%-19.2%
Q4 2023-17.9%-18.2%+0.1%
Q3 2023+2.0%-0.2%+7.3%
Q2 2023+5.8%+7.3%-8.4%
Q1 2023+1.3%-2.2%-6.5%
Q4 2022+3.9%+6.9%-3.2%
Q3 2022-18.3%-14.9%-18.2%
Q2 2022-1.9%-1.7%-9.3%
Q1 2022+9.1%+15.6%+19.7%
Q4 2021+6.4%+4.8%+8.2%
Q3 2021-8.7%-9.8%-23.0%
Q2 2021-16.0%-16.6%-11.1%
Q1 2021+6.1%+6.4%+13.3%
Q4 2020+4.3%+1.7%+0.3%
Q3 2020-0.3%+1.5%+9.9%
Q2 2020-8.5%-6.1%-7.7%
Q1 2020-3.0%-4.4%+0.8%
Q4 2019-16.4%-12.1%-24.0%
Q3 2019-8.1%-9.3%-3.4%
Q2 2019-7.1%-5.4%-1.1%
Q1 2019+7.5%+1.7%-10.1%
Q4 2018+0.8%+4.0%-0.3%
Q3 2018-14.7%-13.0%-20.2%
Q2 2018-10.7%-11.3%-3.3%
Q1 2018-4.9%+0.4%-5.2%
Q4 2017+1.9%-6.0%-5.6%
Q3 2017+8.0%+5.9%+5.4%
Q2 2017+18.3%+17.2%+24.7%
Q1 2017+4.1%+5.0%+8.5%
Q3 2016+6.9%+6.7%-1.2%
Q2 2016-9.8%-7.2%-6.7%
Q1 2016-4.7%
Q4 2015-10.9%
Q3 2015-1.3%
Q2 2015+1.7%
Q1 2015-1.7%
Q4 2014+6.7%
Q3 2014-11.3%
Q2 2014-4.9%
Q1 2014+10.7%
Q4 2013-5.1%
Q3 2013-0.5%
Q2 2013+5.2%
Q1 2013-8.8%
Q4 2012-8.3%
Q3 2012-4.5%
Q1 2012+1.8%
Q2 2012-0.1%
Q4 2011+1.3%
Q3 2011-7.6%
Q2 2011+2.7%
Q1 2011+1.7%
Q4 2010+0.6%
Q3 2010-0.1%
Q2 2010-2.9%
Q1 2010+0.7%

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