NYSE$PRGO

Perrigo Company · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Perrigo's Q4 2022 financial results from continuing operations were reported.

Perrigo reported a 4.6% increase in net sales to $1.2 billion for Q4 2022, with a reported EPS loss of ($0.09) and adjusted diluted EPS of $0.75, a 25.0% increase compared to the prior year quarter. The company achieved a 38.4% adjusted gross margin, a 350 basis points increase compared to the prior year quarter.

  • Net sales grew 4.6% to $1.2 billion versus the prior year quarter, or 9.6% on a constant currency basis.
  • Both the Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI) segments delivered record quarter net sales, increasing 4.0% and 5.7%, respectively.
  • Adjusted gross margin of 38.4%, a 350 basis points increase compared to the prior year quarter.
  • Adjusted diluted EPS was $0.75, an increase of 25.0% compared to the prior year quarter.

Headline financials

Total Revenue

$1.16B

Previous: $1.1B+4.5%
EPS (adj)

$0.75

Previous: $0.60+25.0%
Adjusted Operating Income

$156M

Previous: $132M+18.2%
Reported Operating Margin

33.1%

Previous: 4.2%+688.1%
Adjusted Gross Margin

38.4%

No prior period
Capital Expenditures

$26.4M

Previous: $41.7M-36.7%
Free Cash Flow

$160M

Previous: -$147M+208.4%
Net Income

-$13M

Previous: $32.1M-140.5%
Operating Income

$31M

Previous: $47M-34.0%
Gross Profit

$383M

Previous: $362M+5.6%
Cash & Equivalents

$601M

Previous: $1.86B-67.8%
Total Assets

$11B

Previous: $10.4B+5.7%
Stock-Based Comp

$8.2M

Previous: $9.9M-17.2%

Revenue & EPS history

Perrigo · Revenue · Quarterly

$1.16B

Q4 2022+4.5%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Perrigo · $1.16B total across 2 segments · Q4 2022

  • Consumer Self-Care Americas
    $766M+4.1%
  • Consumer Self-Care International
    $390M+5.7%

Forward guidance

Management shared the Company's 2023-2025 strategic plan to 'Optimize and Accelerate' performance as well as provide fiscal 2023 guidance.

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 Q4 2022

Historical avgQ4 2022

-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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