secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001585364-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q4 adjusted EPS $0.86 (+14.7%); launches Project Energize
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- Q4 net sales $1.2B flat YoY; organic net sales -0.6% on SKU cuts and HRA distributor transitions.
- Q4 adjusted gross margin expanded 140bps to 39.8%; adjusted diluted EPS $0.86 vs $0.75.
- FY2023 net sales $4.7B (+4.6%); adjusted diluted EPS $2.58 vs $2.07 (+24.6%).
- Launches Project Energize: three-year program targeting $140M-$170M annual savings by 2026; ~6% role reduction.
- FY2024 outlook: organic net sales growth 1-3%, flat total sales; adjusted EPS $2.50-$2.65; infant formula headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000005/0001585364-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000005/prgo-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001585364-24-000005

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