Filing Flows › Perrigo (PRGO) › Q1 2025
Perrigo (PRGO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Perrigo (PRGO) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -4% from a year earlier and -8% from the quarter before. Operating margin was 4.5%, net loss $6.4M (0.6% of revenue).
Perrigo, Q1 2025: revenue $1.0B (-4% year over year), operating margin 4.5%, net loss $6.4M, operating cash flow −$64.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -8% | -4% |
| Operating profit | $46.9M | — | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | −$64.5M | — | — |
What changed
Revenue was $1.0B in Q1 2025, down 4% year over year and down 8% from the previous quarter. CSCA was the largest line at 59% of revenue. CSCA lost $0.02B year over year (down 4%), 61% of the total change.
Gross margin was 37.6%, up 4.5 points from a year earlier. Operating profit was $0.05B, a 4.5% margin (up 9.6 points year over year). Operating expenses fell 16% while revenue fell 4%. The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $0.04B loss. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was −$0.06B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Perrigo's revenue in the first quarter 2025?
Perrigo (PRGO) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -4% from a year earlier and -8% from the quarter before.
Was Perrigo profitable in the first quarter 2025?
Operating profit was $46.9M (4.5% of revenue) and net loss $6.4M.
Source: Perrigo 10-Q on SEC EDGAR.