Perrigo Company Public Limited Company (NYSE:PRGO) Q4 2015 Earnings Conference Call - Final Transcript

Feb 18, 2016 • 08:00 am ET


Perrigo Company Public Limited Company (NYSE:PRGO) Q4 2015 Earnings Conference Call - Final Transcript


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Good morning. My name is Holly and I will be your conference operator today. At this time, I'd like to welcome everyone to the Perrigo's Calendar 2015 Fourth Quarter Earnings Results Conference Call. [Operator Instructions]

I'll now turn today's conference over to Art Shannon, Vice President of Corporate Affairs and European Investor Relations. Please go ahead, sir.

Arthur J. Shannon

Welcome to -- thank you, Holly. Welcome to Perrigo's fourth quarter and calendar 2015 earnings conference call. I hope you all had a chance to review our press release which we issued earlier this morning. A copy of the release is available on our website, and also on the website is the slide presentation for this call.

Before we proceed with the call, I'd like to remind everyone that during this call, management will make certain forward-looking statements. Please refer to the important information for investors and shareholders and Safe Harbor language regarding these statements in our press release issued this morning. In addition, in the appendix for today's presentation, we have provided reconciliations for all non-GAAP financial measures presented. I'd also like to note that calendar year data for 2015 was derived from the company's audited results for the six-month period ended December 31, 2015 and unaudited results for the fiscal quarters ended March 28, 2015 and June 27, 2015. Calendar year data for 2014 was derived from the company's unaudited results for the fiscal quarters ended March 29, 2014, June 28, 2014, September 27, 2014 and December 27, 2014. Following management's review of the presentation, we'll open up the call for questions.

I'd now like to turn the call over to Perrigo's Chairman and CEO, Joe Papa.

Joseph C. Papa

Thank you, Art, and welcome everyone to Perrigo's Fourth Quarter and Calendar Year 2015 Earnings Conference Call. Joining me today is Judy Brown, Perrigo's Executive Vice President and Chief Financial Officer. Now here's the agenda for today's call. First, I will walk through some of the key financial highlights for calendar 2015, then I'll highlight the advantages of our focus strategy within our consumer-facing OTC global platform, which, when coupled with the earnings power of our Prescription Pharmaceutical businesses, creates a truly unique, diversified and sustainable business. After that, Judy will go through the details of the fourth quarter results and guidance for calendar 2016. Then, we'll close with an opportunity for Q&A.

Before starting into the call, I'd like to take a moment to highlight some changes in our Investor Relations group. As part of previously announced consolidation of certain functions in Ireland, Art Shannon will relocate to Ireland and will be assuming the role of Vice President of Global Corporate Affairs and European Investor Relationship. Art will continue to oversee both internal and external global communications, and will continue to be the lead point of contact for media and government relations.

In addition, he will now be responsible for establishing a global government relations based in Dublin, and expanding Perrigo's shareholder-focused Investors Relation program in Europe. I hope you can join me in