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Oct 02, 2021
Perrigo Q3 2021 Earnings Report
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.
Key Takeaways
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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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