AcquisitionsAug 6, 2026, 06:22 AM
Prestige Consumer Healthcare Acquires OTC Wellness Business for $1.045B
AI Summary
Prestige Consumer Healthcare Inc. completed the acquisition of the OTC Wellness Business for $1.045 billion, funded by a new term loan, expanding its healthcare brand portfolio. For the three months ended June 30, 2026, total revenues increased to $265.7 million, up from $249.5 million in the prior year. However, net income decreased to $29.2 million and diluted EPS fell to $0.61, primarily due to acquisition-related costs and higher interest expense. The company also secured additional financing for another acquisition post-quarter.
Key Highlights
- Prestige Consumer Healthcare acquired OTC Wellness Business for $1.045 billion on June 12, 2026.
- Total revenues rose to $265.7 million in Q1 2026, up from $249.5 million in Q1 2025.
- Net income decreased to $29.2 million in Q1 2026, from $47.5 million in Q1 2025.
- Diluted EPS fell to $0.61 in Q1 2026, compared to $0.95 in Q1 2025.
- New $1.045 billion term loan secured to fund the OTC Wellness Business acquisition.
- Goodwill increased by $65.5 million and intangible assets by $948.4 million from acquisition.
- Repurchased 48,202 shares for $2.7 million in Q1 2026.
Price Impact
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