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Perrigo Company PRGO Infant Formula — Restructuring charges and other termination benefits

Other segment segments

Specialty Care
$3.8M
Self Care
$800K

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Other financials

Income statement

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Revenue$1.0B-3.2%
Gross profit$313.9M-13.5%
Operating income$23.5M-48.2%
Net income$74.5M+987%
EPS (diluted)$0.53+983%

Balance sheet

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Cash & equivalents$399.7M-12.0%
Total debt$3.5B-10.3%
Total equity$2.5B-43.7%
Total assets$7.6B-24.6%

Cash flow

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Operating cash flow-$113.6M-76.1%
CapEx$14.3M-25.5%
Free cash flow-$127.4M-41.6%

Valuation

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Market cap$1.74B-41.2%
Enterprise value$4.82B-24.7%
P/S0.4×-0.3×

Profitability

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Gross margin33.3%-2.5pp
Operating margin-37.7%-44.3pp
Net margin-41.9%-43.9pp
FCF margin4.2%-2.0pp

Returns & leverage

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Return on equity-49.6%-51.6pp
Debt / equity1.4×+0.5×
Current ratio2.3×0.0×

Where this comes from

Reported directly by Perrigo Company in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The source filing: Perrigo Company’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:44 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001585364-26-000145

Of the amount recorded during three months ended June 27, 2026, our Self Care and Specialty Care segments reversed charges in the amounts of $0.8 million and $3.8 million, respectively, due primarily to adjustments to employee separation costs related to the Operational Enhancement Program. Of the amount recorded during the six months ended June 27, 2026, our Self Care and Specialty Care segments incurred charges in the amounts of $35.8 million and $8.4 million, respectively, due primarily to employee separation costs related to the Operational Enhancement Program. Of the amount recorded during the three and six months ended June 27, 2026, $14.8 million and $22.5 million, respectively, related to our Infant Formula segment, due primarily to Nutrition Network Optimization. Charges totaling $5.0 million and $18.5 million during the three and six months ended June 27, 2026, respectively, primarily for separation costs associated with the Operational Enhancement Program were corporate costs not allocated to a reporting segment.

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Perrigo Company's infant formula — restructuring charges and other termination benefits?
Perrigo Company (PRGO) reported infant formula — restructuring charges and other termination benefits of $14.8M in Q2 2026.
What does infant formula — restructuring charges and other termination benefits mean?
These are costs associated with reorganizing the infant formula segment's operations, including severance, facility closures, and other exit activities. These charges reflect management's efforts to streamline operations and improve long-term cost efficiency. Investors analyze these to distinguish between one-time transformation costs and ongoing operational expenses.

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