Core Viewpoint - The Cooper Companies, Inc. reported first-quarter fiscal 2025 adjusted earnings per share (EPS) of 92 cents, reflecting an 8.2% year-over-year increase, while revenues totaled $964.7 million, up 3.6% year over year but missing estimates by 1.7% [1][2][14]. Financial Performance - Adjusted gross profit rose 5.6% to $662.4 million, with an adjusted gross margin expanding by 200 basis points to 69% [9]. - Adjusted operating profit totaled $241.9 million, marking a 16.2% increase year over year, with an adjusted operating margin of 26% [10]. Revenue Breakdown - Total revenues for the first quarter were $964.7 million, with a 5% year-over-year increase at constant exchange rates (CER) and on an organic basis [2]. - CooperVision (CVI) segment revenues were $646.1 million, up 4% year over year, while CooperSurgical (CSI) segment revenues totaled $318.6 million, reflecting a 3% increase [3][6]. Segment Performance - In the CVI segment, Toric and multifocal revenues reached $319.4 million, up 7% year over year, while Sphere and other revenues totaled $326.7 million, up 1% [4]. - The CSI segment's Office and surgical revenues were $198.9 million, up 4%, and Fertility revenues amounted to $119.7 million, up 1% [7]. Geographic Revenue Distribution - Americas revenues were $270.9 million, up 7% year over year, while EMEA revenues totaled $246.5 million, up 3% [5]. - Asia Pacific revenues reached $128.7 million, reflecting a 4% year-over-year increase [6]. Guidance and Outlook - The company expects fiscal 2025 revenues to range from $4,080 million to $4,158 million, indicating an organic improvement of 6-8% [12]. - The CVI segment is projected to generate revenues between $2,733 million and $2,786 million, while the CSI segment is expected to range from $1,347 million to $1,372 million [13]. Market Challenges and Opportunities - The company faced challenges such as currency headwinds and a decline in China's contact lens sales, although the myopia management business in China performed well [16]. - Key growth drivers included strong demand for MyDay daily silicone hydrogel lenses and a 20% expansion in the myopia management portfolio [15].

Financial Data and Key Metrics Changes - Consolidated revenues were $965 million, up 4% year over year and up 5% organically [10][33] - Non-GAAP earnings per share were $0.92, up 7.4% or up 14.2% excluding foreign exchange [36] - Consolidated gross margin improved to 68.7%, up from 67.3% driven by efficiency gains [34] - Operating income increased by 6.5%, improving the operating margin to 25.1% [35] Business Line Data and Key Metrics Changes - CooperVision reported revenues of $646 million, up 4% and up 6% organically [10] - Cooper Surgical posted revenues of $319 million, up 3% and up 2% organically [10][25] - Myopia management portfolio grew 20%, with MySite up 27% [12][19] Market Data and Key Metrics Changes - The broader contact lens industry is forecasted to grow 5% to 7% this year in constant currency [22] - CooperVision grew 8% last year, outperforming the market growth [22][121] - Asia Pacific sales account for about 20% of CooperVision's sales, with China being a significant but challenging market [104][106] Company Strategy and Development Direction - The company is focused on increasing availability and accelerating product launch activity, particularly for MyDay products [9][20] - The private label business is a core part of the long-range strategic growth plan, accounting for one-third of revenues [23] - Investments in R&D and clinical study activity are aimed at reinforcing leadership in myopia management [20][29] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational execution and market demand, particularly for MyDay products [8][62] - The company is confident in returning to high single-digit to low double-digit growth in the fertility segment [27][102] - Management acknowledged challenges in China but noted improvements in other markets offsetting these issues [106][107] Other Important Information - Free cash flow was reported at $101 million with capital expenditures of $89 million [36] - Net debt decreased to $2.44 billion, with a bank-defined leverage ratio of 1.91 times [36] - The company is prioritizing debt reduction with free cash flow proceeds [39] Q&A Session Summary Question: MyDay product availability in new markets - Management confirmed there are markets where MyDay is not currently available, and they expect to re-enter these markets to drive growth [48][50] Question: Growth comparison with peers - Management acknowledged a soft start to the quarter but noted strong performance in January and February, indicating potential for acceleration [60][62] Question: Impact of new competitors on PARAGARD - Management expects competition to have a minimal impact on PARAGARD sales, projecting stable performance for the year [66][68] Question: Sustainability of gross margins - Management indicated that gross margins are expected to improve due to efficiency gains and favorable product mix [73][78] Question: Pricing strategy for MyDay, MySite - Management is currently evaluating pricing strategies for MyDay and MyDay, MySite, focusing on accessibility for children [130][134] Question: Market growth discrepancies - Management noted that while the market grew 7% last year, they anticipate growth in the range of 5% to 7% this year, driven by strong demand [121][122]

Core Insights - The Cooper Companies reported revenue of $964.7 million for the quarter ended January 2025, reflecting a year-over-year increase of 3.6% [1] - The earnings per share (EPS) for the quarter was $0.92, up from $0.85 in the same quarter last year, aligning with the consensus EPS estimate [1] - The reported revenue fell short of the Zacks Consensus Estimate of $981.48 million, resulting in a surprise of -1.71% [1] Financial Performance Metrics - The Cooper Companies' stock has returned -5.5% over the past month, underperforming the Zacks S&P 500 composite's -3.5% change, and currently holds a Zacks Rank 4 (Sell) [3] - Revenue by Geography: - Americas: $270.90 million, exceeding the average estimate of $260.53 million, with a year-over-year change of +7.2% [4] - Asia Pacific: $128.70 million, below the average estimate of $138.64 million, representing a year-over-year change of -1.5% [4] - EMEA: $246.50 million, below the average estimate of $257.60 million, with a year-over-year change of +3.5% [4] - Revenue by Category: - CVI: $646.10 million, slightly below the average estimate of $656.01 million, with a year-over-year change of +4% [4] - CSI: $318.60 million, below the average estimate of $326.91 million, reflecting a year-over-year change of +2.7% [4] - CSI- Office and surgical: $198.90 million, slightly above the average estimate of $198.50 million, with a year-over-year change of +4.1% [4] - CSI- Fertility: $119.70 million, below the average estimate of $129.05 million, with a year-over-year change of +0.6% [4] - CVI- Sphere, other: $326.70 million, below the average estimate of $339.31 million [4] - CVI- Toric and multifocal: $319.40 million, slightly above the average estimate of $318.23 million [4]

Core Viewpoint - The Cooper Companies reported quarterly earnings of $0.92 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.85 per share a year ago [1]. Financial Performance - The company posted revenues of $964.7 million for the quarter ended January 2025, which was 1.71% below the Zacks Consensus Estimate, compared to $931.6 million in the same quarter last year [2]. - Over the last four quarters, The Cooper Companies has surpassed consensus EPS estimates three times [2]. Stock Performance and Outlook - The Cooper Companies shares have declined approximately 0.7% since the beginning of the year, in line with the S&P 500's decline of -0.7% [3]. - The current consensus EPS estimate for the upcoming quarter is $0.94 on projected revenues of $1 billion, and for the current fiscal year, it is $3.98 on revenues of $4.12 billion [7]. Industry Context - The Medical - Dental Supplies industry, to which The Cooper Companies belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges ahead [8].

Revenue Performance - Revenue for the first quarter of fiscal 2025 increased 4% year-over-year to $964.7 million, with CooperVision revenue up 4% to $646.1 million and CooperSurgical revenue up 3% to $318.6 million[3]. - For the three months ended January 31, 2025, net sales increased to $964.7 million, representing a year-over-year growth of 3.3%[38]. - CooperVision's net sales were $646.1 million, with a constant currency organic growth of 6% year-over-year[41]. - CooperSurgical reported net sales of $318.6 million, with an organic growth of 2% year-over-year[41]. Earnings and Profitability - GAAP diluted earnings per share (EPS) for the first quarter was $0.52, an increase of $0.11 from the previous year, while non-GAAP diluted EPS was $0.92, up $0.07 year-over-year[3]. - Diluted earnings per share for the first quarter of fiscal 2025 were $0.52, up from $0.41 in the prior year, indicating a growth of 26.8%[38]. - Operating income for the first quarter of fiscal 2025 was $182.0 million, up from $153.1 million in the prior year, reflecting a growth of 18.9%[38]. - Net income for the three months ended January 31, 2025, was $104.3 million, compared to $81.2 million in the same period last year, marking a year-over-year increase of 28.5%[38]. Margins - Gross margin improved to 68% from 67% in the prior year, driven by efficiency gains, with non-GAAP gross margin at 69%[4]. - Operating margin increased to 19% compared to 16% in the previous year, with non-GAAP operating margin at 25%, up from 24%[4]. Cash Flow - Free cash flow for the first quarter was $101.2 million, calculated from cash provided by operations of $190.6 million minus capital expenditures of $89.4 million[5]. Financial Guidance - Fiscal year 2025 total revenue guidance is set between $4,080 million and $4,158 million, with organic growth projected at 6% to 8%[12]. - CooperVision revenue guidance for fiscal 2025 is between $2,733 million and $2,786 million, with organic growth expected at 6.5% to 8.5%[12]. - CooperSurgical revenue guidance for fiscal 2025 is projected between $1,347 million and $1,372 million, with organic growth anticipated at 4% to 6%[12]. - Non-GAAP diluted EPS guidance for fiscal 2025 is raised to a range of $3.94 to $4.02, up from the previous guidance of $3.92 to $4.02[12]. Interest Expense and Debt - The company reported a decrease in interest expense to $26.0 million from $29.9 million in the previous year due to lower interest rates and reduced average debt[4]. Assets and Liabilities - Total assets as of January 31, 2025, were $12,222.2 million, a decrease from $12,315.2 million as of October 31, 2024[36]. - Total liabilities decreased to $4,094.7 million from $4,231.6 million, indicating improved financial health[36]. One-Time Tax Benefit - In fiscal 2021, the Company recorded a one-time tax benefit of approximately $2.0 billion due to the transfer of CooperVision intellectual property and goodwill to its UK subsidiary[27].

Core Insights - CooperCompanies reported a fiscal first quarter revenue of $964.7 million, representing a 4% year-over-year increase [4] - The company achieved a GAAP diluted earnings per share (EPS) of $0.52, up from $0.41 in the previous year [39] - Non-GAAP diluted EPS increased to $0.92, compared to $0.85 in the same quarter last year [39] Financial Performance - CooperVision (CVI) revenue was $646.1 million, up 4% year-over-year, with organic growth of 6% [4][41] - CooperSurgical (CSI) revenue reached $318.6 million, a 3% increase from the previous year, with organic growth of 2% [10][41] - Gross margin improved to 68%, up from 67% in the prior year, driven by efficiency gains [4] Geographic Revenue Breakdown - Revenue from the Americas was $270.9 million, reflecting a 7% increase year-over-year [3] - EMEA revenue was $246.5 million, up 3% year-over-year [3] - Asia Pacific revenue decreased by 2% to $128.7 million [3] Guidance and Future Outlook - The company raised its fiscal year 2025 total revenue guidance to between $4,080 million and $4,158 million, with organic growth projected at 6% to 8% [11] - Non-GAAP diluted EPS guidance for fiscal 2025 is set between $3.94 and $4.02, an increase from previous guidance [11] Cash Flow and Expenses - Cash provided by operations was $190.6 million, leading to a free cash flow of $101.2 million after capital expenditures of $89.4 million [4] - Interest expense decreased to $26.0 million from $29.9 million in the previous year due to lower interest rates [4]

Core Viewpoint - The Cooper Companies, Inc. is set to release its first-quarter fiscal 2025 results on March 6, with expectations of revenue growth and earnings improvement compared to the previous year [1][2]. Group 1: Financial Performance Expectations - The Zacks Consensus Estimate for revenues is $982 million, reflecting a 5.4% increase from the same quarter last year [2]. - The consensus estimate for earnings is 92 cents per share, indicating an 8.2% improvement from the prior-year period [2]. - The company has consistently beaten earnings estimates in the last four quarters, with an average surprise of 4.87% [1]. Group 2: Segment Performance - Cooper Companies operates under two main segments: CooperVision (CVI) and CooperSurgical (CSI), both of which have shown strength in recent quarters [3]. - The CVI segment is expected to grow organically by 6.5-8.5% for the full year, with a projected 7.1% organic growth for the first quarter [5]. - The myopia management business, particularly MiSight, is forecasted to grow approximately 40% for fiscal 2025, supported by expansion in key markets [6]. - The CSI segment's fertility business posted 15% growth in the last reported quarter, driven by strong demand and technological advancements [7]. Group 3: Challenges and Opportunities - Supply constraints for MyDay lenses may have impacted first-quarter performance, but new manufacturing lines are expected to improve availability [4][5]. - PARAGARD, a non-hormonal IUD, faced a 10% decline in the fourth quarter due to increased competition, and sales are anticipated to remain under pressure in the upcoming quarter [9]. - The gross margin improved to 66.9% in the fourth quarter, and is expected to expand further in the soon-to-be-reported quarter due to higher production levels and cost control initiatives [10][11]. Group 4: Operational Insights - Operating income grew 16.2% in the fourth quarter and is anticipated to gain 10-12% in fiscal 2025, indicating a stable trajectory [11]. - Foreign exchange is expected to impact revenues by 1.5% and EPS by 4% in the upcoming quarter [11].

Core Viewpoint - Wall Street analysts expect The Cooper Companies (COO) to report quarterly earnings of $0.92 per share, reflecting an 8.2% year-over-year increase, with revenues projected at $982.21 million, a 5.4% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a collective reassessment by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts predict 'Revenue by Category- CVI' at $657.69 million, indicating a year-over-year change of +5.8% [5]. - 'Revenue by Category- CSI' is expected to reach $327.66 million, reflecting a +5.7% change from the prior-year quarter [5]. - 'Revenue by Category- CSI- Office and surgical' is forecasted at $198.79 million, showing a +4% change from the previous year [5]. - 'Revenue by Category- CSI- Fertility' is projected to be $129.66 million, suggesting a +9% year-over-year change [6]. - 'Revenue by Geography- Americas' is likely to reach $267.61 million, indicating a +5.9% change [6]. - 'Revenue by Geography- Asia Pacific' is expected at $138.64 million, reflecting a +6.1% change [6]. - The consensus estimate for 'Revenue by Geography- EMEA' stands at $255.57 million, indicating a +7.3% change from the prior-year quarter [7]. Stock Performance - Over the past month, The Cooper Companies shares have recorded a return of -6.4%, compared to the Zacks S&P 500 composite's -1.3% change, suggesting that COO may perform in line with the overall market in the upcoming period [8].

Group 1: Company Overview - BTQ Technologies Corp. is a global quantum technology company focused on securing mission-critical networks [1][7] - The company specializes in post-quantum cryptography and quantum-proof security solutions to protect critical digital assets from emerging quantum threats [3][4] Group 2: Event Participation - BTQ Technologies is sponsoring the Quantum Australia Conference Brisbane 2025, which will take place from March 25 to 27 at the Brisbane Convention and Exhibition Centre [1] - The conference aims to position Australia as a global leader in quantum innovation and will feature discussions on the cybersecurity challenges posed by quantum computing [2][5] Group 3: Key Themes and Discussions - The panel discussion titled "Securing Our Assets in a Quantum Era" will address the urgent need for quantum-resistant security measures [1][5] - Insights into BTQ's pioneering approach to quantum security will be shared, focusing on real-world applications of post-quantum cryptographic solutions [4][5] Group 4: Industry Context - The Quantum Australia Conference is recognized as Australia's premier quantum industry event, bringing together researchers, business leaders, and policymakers [2] - The event emphasizes the importance of collaboration among industry leaders to develop quantum-secure systems [5]

Group 1 - CooperCompanies will report its first quarter 2025 financial results on March 6, 2025, at 4:15 PM ET [1] - A conference call to discuss the results and corporate developments will follow at 5:00 PM ET [1] - The company operates two business units: CooperVision, focused on contact lenses, and CooperSurgical, dedicated to fertility and women's healthcare [2] Group 2 - CooperCompanies is headquartered in San Ramon, CA, and has a workforce of over 16,000 [2] - The company sells products in over 130 countries and positively impacts over fifty million lives each year [2] - For more information, the company’s website is www.coopercos.com [2]