Perrigo Launch Investments Hold Income Back, As Firm Girds For 2013

Perrigo’s consumer business’ 2012 full-year operating income, after GAAP adjustments, increased only 0.8% to $304.96 million, despite the division’s 8% revenue growth to $131 million for the fiscal year. The firm plans to launch more than 60 new products in fiscal 2013.

Despite the near perfect storm of branded competitors temporarily sidelined by production disruptions and Perrigo Co. PLC’s strong line-up of new product launches in fiscal 2012, the firm’s consumer health care business’ operating income remained essentially flat, causing some concern among financial analysts.

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