secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001585364-23-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q1 adj EPS $0.45 (+35.6% YoY); IRS resolves $843M claim; CEO to step down
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- Net sales $1.2B (+10.0% YoY); organic net sales +6.4%; CSCI segment achieved record sales with constant currency growth of 23.6%.
- GAAP EPS loss $(0.01); adjusted diluted EPS $0.45, up from $0.33 (35.6% increase). Adjusted gross margin expanded 400 bps to 37.5%.
- IRS NOPA of $843 million fully withdrawn with no payment required; interest rate NOPA also settled.
- CEO Murray Kessler announces plan to transition to a next-generation leader; no successor or timing announced.
- FY2023 guidance reaffirmed: organic net sales growth 3%-6%, adjusted diluted EPS $2.50-$2.70.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000055/0001585364-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000055/prgo-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001585364-23-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer