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The Cooper Companies(COO) - 2024 Q4 - Annual Results
2024-12-05 21:21
Revenue and Growth - Q4 2024 revenue of $1,018.4 million, up 10% YoY, with organic growth of 7%[1] - Fiscal year 2024 revenue of $3.9 billion, up 8% YoY, with organic growth of 8%[1] - Q4 2024 CooperVision (CVI) revenue of $676.4 million, up 9% YoY, with organic growth of 8%[7] - Q4 2024 CooperSurgical (CSI) revenue of $342.0 million, up 12% YoY, with organic growth of 5%[10] - Fiscal 2025 revenue guidance of $4,080 - $4,158 million, with organic growth of 6% to 8%[15] - Net sales for Q4 2024 increased by 10% year-over-year to $1,018.4 million, with organic growth of 7%[57] - CooperVision's net sales grew by 9% year-over-year to $676.4 million, with organic growth of 8%[57] - CooperSurgical's net sales increased by 12% year-over-year to $342.0 million, with organic growth of 5%[57] Earnings and Profitability - Q4 2024 GAAP diluted EPS of $0.58, up 38% YoY, and fiscal 2024 GAAP diluted EPS of $1.96, up 33% YoY[2] - Q4 2024 non-GAAP diluted EPS of $1.04, up 19% YoY, and fiscal 2024 non-GAAP diluted EPS of $3.69, up 15% YoY[2] - Q4 2024 gross margin of 67%, up from 65% in the prior year, driven by price and efficiency gains[4] - Q4 2024 operating margin of 19%, up from 15% in the prior year, driven by SG&A expense leverage and stronger gross margins[4] - Fiscal 2025 non-GAAP diluted EPS guidance of $3.92 - $4.02[15] - GAAP Net Income for the three months ended October 31, 2024, was $117.5 million, compared to $84.5 million in the same period in 2023[27] - Non-GAAP Net Income for the three months ended October 31, 2024, was $208.5 million, compared to $173.2 million in the same period in 2023[27] - Net income for Q4 2024 rose to $117.5 million, up from $84.5 million in Q4 2023[54] - Earnings per share (diluted) for Q4 2024 were $0.58, compared to $0.42 in Q4 2023[54] - Gross profit for Q4 2024 was $677.7 million, up from $606.5 million in Q4 2023[54] Expenses and Charges - Acquisition and integration-related charges for the three months ended October 31, 2024, were $7.2 million, primarily related to the Cook Medical acquisition[28] - Business optimization charges for the three months ended October 31, 2024, included $1.5 million in employee severance costs and $1.0 million related to IT infrastructure changes[34] - The twelve months ended October 31, 2024, included $20.6 million in acquisition and integration-related charges, primarily related to the Cook Medical acquisition[28] - The twelve months ended October 31, 2024, also included $18.3 million in business optimization charges, with $10.6 million related to employee severance costs[34] - The company incurred $4.0 million in charges related to compliance with new EU medical device regulations for the three months ended October 31, 2024[32] - The twelve months ended October 31, 2024, included $12.9 million in other charges, with $5.9 million related to gains and losses on minority interest investments[37] - Research and development expenses increased to $37.7 million in Q4 2024 from $36.7 million in Q4 2023[54] Financial Position - Total assets increased to $12,315.2 million in 2024 from $11,658.9 million in 2023[51] - Long-term debt stood at $2,550.4 million in 2024, slightly up from $2,523.8 million in 2023[51] - Total current assets grew to $1,951.5 million in 2024 from $1,704.9 million in 2023[51] Corporate Developments - The company recorded a deferred tax asset of approximately $2.0 billion in fiscal 2021 due to the transfer of CooperVision intellectual property and goodwill to its UK subsidiary[39] - The company will host an audio webcast to discuss its fourth-quarter results and corporate developments, available on CooperCompanies' website[39]
CooperCompanies Announces Fourth Quarter and Full Year 2024 Results
GlobeNewswire News Room· 2024-12-05 21:15
SAN RAMON, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal fourth quarter and full year ended October 31, 2024. Fourth quarter 2024 revenue of $1,018.4 million, up 10%, or up 7% organically. Fiscal year 2024 revenue of $3.9 billion, up 8%, or up 8% organically.Fourth quarter 2024 GAAP diluted earnings per share (EPS) of $0.58, up 38%. Fiscal 2024 GAAP diluted EPS of $1.96, up 33%.Fourth quarter ...
Breaking News: Brenmiller Energy COO Will Present At The Emerging Growth Conference Today At 11:25 AM EST
Newsfile· 2024-12-04 13:45
Breaking News: Brenmiller Energy COO Will Present At The Emerging Growth Conference Today At 11:25 AM ESTDecember 04, 2024 8:45 AM EST | Source: Hawk Point Media Group.Miami, Florida--(Newsfile Corp. - December 4, 2024) - Brenmiller Energy Ltd. (NASDAQ: BNRG) COO Nir Brenmiller will present at the Emerging Growth Conference on Wednesday, December 4, 2024, at 11:25 AM EST. The fireside-chat-styled interview provides a forum for Mr. Brenmiller to explain how recent announcements position his com ...
Strong Segmental Sales to Drive Cooper Companies Q4 Earnings?
ZACKS· 2024-12-03 15:01
The Cooper Companies, Inc.’s (COO) fourth-quarter fiscal 2024 results are scheduled to be released on Dec. 5, after the closing bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 5.49%. Its earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 3.87%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Q4 EstimatesThe Zacks Consensus Estimate for revenues is pegged at $1.03 billion, indica ...
Unveiling The Cooper Companies (COO) Q4 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-12-02 19:30
Wall Street analysts expect The Cooper Companies (COO) to post quarterly earnings of $1 per share in its upcoming report, which indicates a year-over-year increase of 14.9%. Revenues are expected to be $1.03 billion, up 10.8% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...
Cooper Companies: Is This A Fertility Play Now?
Seeking Alpha· 2024-11-29 13:04
I have been looking for exposure to the fertility industry, but have struggled to find appealing long-term options. I previously covered PGNY , but that company has some issues, displaying weakness recently and lacking global exposure. Looking around for a better wayI'm in the last year of my law PhD on the topic of corporate wrongdoing. My main focus in equity research is following up on companies that have been targeted by activist short sellers. I have found these interesting because:i) they are typicall ...
CPKC President and CEO Keith Creel and CPKC EVP and COO Mark Redd will now address the 2024 UBS Global Industrials and Transportation Conference on Dec. 4
Prnewswire· 2024-11-27 16:00
CALGARY, AB, Nov. 27, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel and Executive Vice-President and Chief Operating Officer Mark Redd will now address the 2024 UBS Global Industrials and Transportation Conference on Dec. 4, 2024, at 9:40 a.m. ET.CPKC will provide access to the live audio webcast at investor.cpkcr.com. A replay will also be available following the conclusion of the event.About Canadian Pacific Kansas CityWith i ...
CPKC President and CEO Keith Creel and CPKC EVP and COO Mark Redd to address the 2024 UBS Global Industrials and Transportation Conference
Prnewswire· 2024-11-19 16:00
CALGARY, AB, Nov. 19, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel and Executive Vice-President and Chief Operating Officer Mark Redd will address the 2024 UBS Global Industrials and Transportation Conference on Dec. 3, 2024, at 8:50 a.m. ET.CPKC will provide access to the live audio webcast at investor.cpkcr.com. A replay will also be available following the conclusion of the event.About Canadian Pacific Kansas CityWith its g ...
Abivax Announces Former Prometheus COO, Mark Stenhouse, Appointed as Board Observer & Advisor to Abivax
GlobeNewswire News Room· 2024-11-13 21:01
Abivax Announces Former Prometheus COO, Mark Stenhouse, Appointed as Board Observer & Advisor to Abivax PARIS, France, November 13, 2024, 10:00 pm CET – Abivax SA (Euronext Paris and Nasdaq: ABVX) (“Abivax” or the “Company”), a clinical-stage biotechnology company focused on developing therapeutics that harness the body’s natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases, today announced the appointment of Mark Stenhouse as Board Observer and Advi ...
CooperCompanies Announces Release Date for Fourth Quarter and Full Year 2024
GlobeNewswire News Room· 2024-11-12 21:15
SAN RAMON, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO) today announced it will report fourth quarter and full year 2024 financial results on Thursday, December 5, 2024, at 4:15 PM ET. Following the release, the Company will host a conference call at 5:00 PM ET to discuss the results and current corporate developments. The dial-in number for the call is 800-715-9871 and the conference ID is 2026064. A simultaneous audio webcast and subsequent replay can be accessed at http://inves ...