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Perrigo to reschedule fourth quarter earnings release.

Perrigo earlier announced preliminary unaudited results for the calendar year ended December 31, 2017. In addition to reporting calendar year 2017 consolidated net sales of $4.9B, down 6.3% compared to reported net sales of $5.3B in the prior year, Perrigo announced it will reschedule its fourth quarter and fiscal year 2017 final earnings release and conference call, previously scheduled for Tuesday, February 27, as the company needs additional time to complete its final income tax review procedures related to reconciliations of specific non-cash items. Perrigo CFO Ron Winowiecki commented, "The Perrigo team delivered on its goals and commitments in calendar year 2017 driven by 1) actions taken to simplify, focus and execute on the company's core businesses, 2) a focus on operational execution in challenging end-markets, 3) a cost optimization program that improved our cost structure, and 4) strong cash flow and improved balance sheet flexibility." Perrigo will be in a quiet period regarding these and any other matters until its fourth quarter and calendar year 2017 final earnings release and conference call, the company added.

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Publication:The Fly
Article Type:Financial report
Date:Feb 27, 2018
Words:179
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