What does infant formula — goodwill impairment charge mean?

This is a non-cash expense recognized when the carrying value of goodwill associated with the infant formula segment exceeds its implied fair value. It indicates a downward revision in the long-term earnings expectations or market valuation of the acquired business. Investors monitor this to identify potential operational challenges or overpayment in past acquisition strategies.

Perrigo Company PRGO Infant Formula — Goodwill impairment charge

Other segment segments

Specialty Care

$77.4M—

Self Care

$0—

Similar metrics at other companies

SYYInternational Foodservice Operations — Goodwill impairment

$0—

KMPRGoodwill, Impairment Loss, Net of Tax

$11.38M—

DRVNGoodwill impairment

$7.08M—

HLITGoodwill Impairment

$14.38M—

HMNSupplemental & Group Benefits — Goodwill, Impairment Loss

$0—

SYYOther — Goodwill impairment

$23M—

Other financials

Income statement

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Revenue$969.2M-7.2%

Gross profit$325.5M-17.0%

Operating income-$372.3M-894%

Net income-$398.6M-6,128%

EPS (diluted)-$2.87-5,640%

Balance sheet

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Cash & equivalents$357.2M-12.9%

Total debt$3.8B-0.6%

Total equity$2.5B-42.7%

Total assets$8.0B-18.2%

Cash flow

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Operating cash flow-$113.6M-76.1%

CapEx$13.8M-45.9%

Free cash flow-$127.4M-41.6%

Valuation

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Market cap$1.35B-62.9%

Enterprise value$4.82B-32.0%

P/S0.3×-0.5×

Profitability

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Gross margin34.2%-2.2pp

Operating margin-36.9%-41.8pp

Net margin-43.5%-48.6pp

FCF margin4.2%-2.0pp

Returns & leverage

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Return on equity-53%-57.7pp

Debt / equity1.5×+0.6×

Current ratio2.7×+0.4×

Where this comes from

Reported directly by Perrigo Company in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Perrigo Company’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Perrigo Company's infant formula — goodwill impairment charge?: Perrigo Company (PRGO) reported infant formula — goodwill impairment charge of $66.3M in Q1 2026.
What does infant formula — goodwill impairment charge mean?: This is a non-cash expense recognized when the carrying value of goodwill associated with the infant formula segment exceeds its implied fair value. It indicates a downward revision in the long-term earnings expectations or market valuation of the acquired business. Investors monitor this to identify potential operational challenges or overpayment in past acquisition strategies.