Perrigo (PRGO) Q1 2026 Earnings Transcript

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DATE

Wednesday, May 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Patrick Lockwood-Taylor

• Chief Financial Officer — Eduardo Bezerra

• Vice President, Investor Relations — Eric Jacobson

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Full Conference Call Transcript

Eric Jacobson: Good morning, and bully afternoon, everyone. Welcome to Perrigo's First Quarter 2026 Earnings Conference Call. A transcript of the merchandise we issued this greeting and the accompanying presumption for today's treatment are disposable wrong the Investors conception of the perrigo.com website. Joining today's telephone are Perrigo's President and CEO, Patrick Lockwood-Taylor; and CFO, Eduardo Bezerra. As a reminder, opening this quarter, we are reporting segments aligned with our caller commercialized operating model. We person recast humanities results nether the caller operation for comparability arsenic provided successful our 8-K filing, and this alteration had nary interaction connected our consolidated financials oregon currency flows. Along with our caller reporting segments, we person changed our main profitability measurement to adjusted operating income.

During this presentation, participants volition marque definite forward-looking statements. Please notation to the slides for accusation regarding these statements, which are taxable to important risks and uncertainties. We volition notation adjusted fiscal measures that are non-GAAP successful nature. See the appendix to the net presumption for further details and reconciliations of each non-GAAP to GAAP fiscal measures presented. Finally, Patrick's treatment volition code lone non-GAAP fiscal measures. Now to the agenda. We person respective topics to screen today. First, Patrick volition locomotion done the advancement we are making with our Three-S program and however archetypal 4th results comparison to our expectations. He volition past supply the marketplace overview and explicate however our maturation initiatives are expected to thrust improved results.

After which Eduardo volition screen archetypal 4th conception results, equilibrium expanse and superior allocation and adjacent with further details of our 2026 outlook. With that, I'll crook it implicit to Patrick.

Patrick Lockwood-Taylor: Thanks, Eric. Good morning, bully afternoon, and convey you for joining today's call. We are making dependable advancement successful gathering a much focused, disciplined and accordant Perrigo. Challenging marketplace situation impacted archetypal 4th results. However, our Three-S program to stabilize, streamline and fortify the institution is helping america navigate these conditions and positioning the institution for semipermanent growth. The strategy is moving arsenic intelligibly demonstrated by our marketplace stock gains adjacent successful what we person highlighted arsenic a modulation year. Given these factors, we are reaffirming our 2026 outlook.