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CooperCompanies Announces Second Quarter 2025 Results
COOThe Cooper Companies(COO) GlobeNewswire·2025-05-29 20:15

Core Insights - CooperCompanies reported solid financial results for the fiscal second quarter ended April 30, 2025, with a total revenue increase of 6% year-over-year to 1,002.3million,drivenbygrowthinbothCooperVisionandCooperSurgicalsegments[5][6][42]−Thecompanyemphasizeditsfocusonmarketshareexpansion,productlaunches,andcapacityexpansionprojectsmovingforward[2]FinancialPerformance−CooperVision(CVI)revenueincreasedby51,002.3 million, driven by growth in both CooperVision and CooperSurgical segments [5][6][42] - The company emphasized its focus on market share expansion, product launches, and capacity expansion projects moving forward [2] Financial Performance - CooperVision (CVI) revenue increased by 5% year-over-year to 669.6 million, with organic growth of 7% [5][42] - CooperSurgical (CSI) revenue rose by 8% year-over-year to 332.7million,withorganicgrowthof7332.7 million, with organic growth of 7% [5][42] - Gross margin improved to 68% from 67% in the previous year, attributed to efficiency gains [6][18] - Non-GAAP diluted earnings per share (EPS) increased by 14% to 0.96, while GAAP diluted EPS remained consistent at 0.44[5][40]RevenueBreakdown−Totalrevenueof0.44 [5][40] Revenue Breakdown - Total revenue of 1,002.3 million consisted of CooperVision's 669.6millionandCooperSurgical′s669.6 million and CooperSurgical's 332.7 million [5][42] - Revenue by geography showed the Americas at 282.4million(up7282.4 million (up 7%), EMEA at 248.6 million (up 5%), and Asia Pacific at 138.6million(up3138.6 million (up 3%) [3][42] Operational Highlights - The company generated free cash flow of 18.1 million after capital expenditures of 78.1million[6][8]−Interestexpensedecreasedto78.1 million [6][8] - Interest expense decreased to 24.2 million from 28.9millionduetolowerinterestratesandreducedaveragedebt[6][40]ShareRepurchaseProgram−Duringthesecondquarter,CooperCompaniesrepurchased28.9 million due to lower interest rates and reduced average debt [6][40] Share Repurchase Program - During the second quarter, CooperCompanies repurchased 40.6 million of common stock, approximately 537.2 thousand shares, at an average price of 75.60[8]FiscalYear2025Guidance−Thecompanyupdateditsfiscalyear2025financialguidance,projectingtotalrevenuebetween75.60 [8] Fiscal Year 2025 Guidance - The company updated its fiscal year 2025 financial guidance, projecting total revenue between 4,107 million and $4,146 million, with organic growth of 5% to 6% [14]