UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ FORM 10-Q _____________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | |----------------------------------------------------------------- ...

The Cooper Companies, Inc. (COO) delivered adjusted earnings per share (EPS) of 96 cents in the third quarter of fiscal 2024, which improved 14.3% year over year. The figure surpassed the Zacks Consensus Estimate by 5.5%. GAAP EPS for the quarter was 52 cents, indicating a 20.9% increase from the year-ago figure. COO's Revenues in Detail Cooper Companies registered revenues of $1 billion in the fiscal third quarter, up 7.8% year over year on a reported basis. The figure surpassed the Zacks Consensus Estimat ...

The Cooper Companies, Inc. (NASDAQ:COO) Q3 2024 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Kim Duncan - Vice President, Investor Relations & Risk Management Albert White - President & Chief Executive Officer Brian Andrews - Chief Financial Officer & Treasurer Conference Call Participants Jeff Johnson - Baird Jon Block - Stifel Craig Bijou - Bank of America Joanne Wuensch - Citigroup Robbie Marcus - JPMorgan Anthony Petrone - Mizuho Group Jason Bednar - Piper Sandler Brett Fishb ...

The Cooper Companies (COO) reported $1 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 7.8%. EPS of $0.96 for the same period compares to $0.84 a year ago. The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $997.16 million. With the consensus EPS estimate being $0.91, the EPS surprise was +5.49%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

The Cooper Companies (COO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.49%. A quarter ago, it was expected that this surgical and contact lens products maker would post earnings of $0.83 per share when it actually produced earnings of $0.85, delivering a surprise of 2.41%. Over ...

Revenue Growth - Revenue increased 8% year-over-year to $1,002.8 million, with CooperVision (CVI) revenue up 7% to $675.6 million and CooperSurgical (CSI) revenue up 9% to $327.2 million[1] - CVI revenue by category: Toric and multifocal revenue up 12% organically to $326.4 million, and Sphere and other revenue up 8% organically to $349.2 million[4] - CSI revenue by category: Office and surgical revenue up 2% organically to $197.9 million, and Fertility revenue up 10% organically to $129.3 million[6] - Net sales for the three months ended July 31, 2024, were $1,002.8 million, up 7.8% from $930.2 million in the same period in 2023[30] - CooperVision reported constant currency revenue growth of 9% and organic revenue growth of 10% in 3Q24[31] - CooperSurgical reported constant currency revenue growth of 10% and organic revenue growth of 5% in 3Q24[31] - Total constant currency revenue growth for the company was 10% in 3Q24, with organic revenue growth at 8%[31] Earnings and Profitability - GAAP diluted EPS of $0.52, up 22% from last year's third quarter, and non-GAAP diluted EPS of $0.96, up 14%[1] - Gross margin remained at 66%, with non-GAAP gross margin improving to 67% from 66% last year[2] - Operating margin increased to 19% from 16% last year, with non-GAAP operating margin rising to 26% from 24%[2] - GAAP Net Income for the three months ended July 31, 2024, was $104.7 million, compared to $85.3 million in the same period in 2023, representing a 22.7% increase[14] - Non-GAAP Net Income for the three months ended July 31, 2024, was $191.9 million, compared to $167.2 million in the same period in 2023, representing a 14.8% increase[14] - GAAP Net Income for the nine months ended July 31, 2024, was $274.8 million, compared to $209.7 million in the same period in 2023, representing a 31.0% increase[14] - Non-GAAP Net Income for the nine months ended July 31, 2024, was $532.0 million, compared to $465.1 million in the same period in 2023, representing a 14.4% increase[14] - Net income for the three months ended July 31, 2024, was $104.7 million, compared to $85.3 million in the same period in 2023[30] - Diluted earnings per share for the three months ended July 31, 2024, were $0.52, up from $0.43 in the same period in 2023[30] - Gross profit for the three months ended July 31, 2024, was $663.0 million, up from $610.0 million in the same period in 2023[30] - Operating income for the three months ended July 31, 2024, was $192.5 million, compared to $151.6 million in the same period in 2023[30] Cash Flow and Capital Expenditures - Free cash flow of $118.5 million, generated from $207.5 million in cash provided by operations and $89.0 million in capital expenditures[3] Guidance - Fiscal 2024 total revenue guidance raised to $3,892 - $3,913 million, with organic growth of 8% to 8.5%[7] - Fiscal 2024 non-GAAP diluted EPS guidance of $3.64 - $3.67[7] - Fiscal Q4 2024 total revenue guidance of $1,015 - $1,036 million, with organic growth of 7% to 9.5%[7] Charges and Expenses - Acquisition and integration-related charges for the three months ended July 31, 2024, were $1.1 million, compared to $13.2 million in the same period in 2023, representing a 91.7% decrease[14] - Business optimization charges for the three months ended July 31, 2024, were $4.4 million, compared to $2.7 million in the same period in 2023, representing a 63.0% increase[14] - Medical device regulations charges for the three months ended July 31, 2024, were $5.6 million, compared to $5.5 million in the same period in 2023, representing a 1.8% increase[14] - Intra-entity asset transfers for the three months ended July 31, 2024, were $34.5 million, compared to $27.3 million in the same period in 2023, representing a 26.4% increase[14] - The acquisition and integration-related charges in fiscal 2024 were primarily related to the Cook Medical acquisition and integration expenses[15] - The acquisition and integration-related charges in fiscal 2023 were primarily related to Generate acquisition and integration expenses[15] - Research and development expenses increased to $39.0 million in the three months ended July 31, 2024, from $36.5 million in the same period in 2023[30] Assets and Financial Position - Total assets increased to $12,108.0 million in July 2024 from $11,658.9 million in October 2023[29]

SAN RAMON, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal third quarter ended July 31, 2024. % change y/y Revenue increased 8% year-over-year to $1,002.8 million. CooperVision (CVI) revenue up 7% to $675.6 million, and CooperSurgical (CSI) revenue up 9% to $327.2 million. GAAP diluted earnings per share (EPS) of $0.52, up $0.09 or 22% from last year's third quarter. Non-GAAP diluted EPS of $0. ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? The Cooper Companies (COO) , which belongs to the Zacks Medical - Dental Supplies industry, could be a great candidate to consider. This surgical and contact lens products maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5%. For the most r ...

The Cooper Companies, Inc.'s (COO) third-quarter fiscal 2024 results are scheduled to be released on Aug 28, after the closing bell. In the last reported quarter, the company's earnings beat the Zacks Consensus Estimate by 2.41%. Its earnings beat estimates in two of the trailing four quarters and met twice, delivering an average surprise of 2.50%. Q3 Estimates The Zacks Consensus Estimate for revenues is pegged at $997.2 million, indicating a 7.2% increase from the year-ago quarter's level. The consensus m ...

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