Mallinckrodt plc (MNK), Tuesday announced first-quarter financial results, reporting a net loss of $27.7 million, or 1.41 a share, compared to a net loss of $65.4 million, or $3.32 a share, last year.
Net sales declined to $419.9 million from $467.8 million in the previous year.
Adjusted EBITDA for the quarter was $102.3 million, as compared to $144.9 million in the first quarter of 2024.
Looking ahead, the company expects net sales of $1.7 billion to $1.8 billion for the fiscal year 2025.
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