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Perrigo sees 2023-2025 adjusted EPS growth in mid-high teens
The Fly

Perrigo sees 2023-2025 adjusted EPS growth in mid-high teens

Sees 2023-2025 organic revenue growth in low-mid single digits. Plans to continue to grow organic net sales by 3% or more over the long-term. Expects to generate $1.6B-$1.8B from operating cash flow and additional portfolio refinements through 2025. These proceeds are anticipated to fund dividend growth, reduce net leverage to less than 3.0x by the end of 2025, support investments to maintain asset reliability, and enable our Supply Chain Reinvention Program and business growth. Expects its Global Supply Chain Reinvention Program to deliver an annualized run-rate savings of $200M-$300M, excluding depreciation, by the end of 2028. Corresponding cash investments to achieve this run rate are expected in the range of $350M-$570M by the end of 2028

Published first on TheFly

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