Mallinckrodt (MNK) Tops Q4 EPS by 26c, FY EPS Guidance Beats

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Go back to Mallinckrodt (MNK) Tops Q4 EPS by 26c, FY EPS Guidance Beats

Mallinckrodt plc Reports Strong Fourth Quarter and Total Company 2018 Results, Announces 2019 Guidance and Strategic Priorities

February 26, 2019 6:06 AM EST

STAINES-UPON-THAMES, United Kingdom, Feb. 26, 2019 /PRNewswire/ --

Fourth quarter net sales of $834.9 million, a 5.4% increase; 2018 net sales of $3.2 billion comparable to prior year Fourth quarter operating cash flow of $184.4 million, free cash flow of $150.7 million; annual operating cash flow of $665.5 million, free cash flow of $538.5 million Total debt reduced by $384.0 million in the fourth quarter and subsequent to quarter close GAAP1 diluted loss per share of $44.64 in the fourth quarter and $42.94 in fiscal 2018, primarily due to a non-cash goodwill impairment and driven by continued disparity between Mallinckrodt's expected performance and... More