secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001585364-25-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q4 adj EPS $0.93 (+8.1% YoY); FY 2024 adj EPS $2.57 at guidance midpoint
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- Q4 net sales $1.14B (-1.6% YoY); organic growth +0.7% despite lost distribution and later cold season.
- Q4 adj operating income $194M (+16%); adj operating margin 260 bps expansion to 17.0% due to Project Energize.
- Infant formula net sales +17% in Q4; store brand share exited 2024 at high; FDA Wisconsin facility reclassified to No Action Indicated.
- FY 2024 operating cash flow $363M (103% conversion); fully repaid $400M 3.9% Senior Notes due Dec 2024.
- Project Energize achieved $139M gross annual savings in 2024; target $140-170M by 2026; $95M restructuring charges incurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000010/0001585364-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000010/prgo-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001585364-25-000010

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