cooper

Cooper Companies Report ‘Solid’ Financial Results and Market-Share Gains in Third Quarter

PLEASANTON, Calif.—The Cooper Companies Inc. (NYSE:COO) reported “solid results” for its third quarter that reflect “market-share gains” and improved profitability, president and chief executive officer Robert S. Weiss said in the financial announcement late Thursday. The company said revenue for the quarter ended July 31 increased 7 percent year-over-year to $556 million (at constant currency exchange). At the business-unit level, CooperVision (CVI) revenue rose 8 percent to $437.3 million (at constant exchange) and CooperSurgical (CSI) revenue increased 13 percent to $118.7 million, according to the announcement. “This was another solid quarter with market-share gains, improving profitability and strong cash generation,”…


The Cooper Companies Revenue Increases in First Quarter 2017

PLEASANTON, Calif—The Cooper Companies (NYSE:COO) announced that revenue for the fiscal first quarter ended Jan. 31, 2017 increased 11 percent year-over-year to $499.1 million or 8 percent pro forma. Commenting on the results, Robert S. Weiss, Cooper’s president and CEO said, “We are very pleased to report a strong first quarter. CooperVision continued gaining market share driven by growth in Biofinity and daily silicone hydrogel products while CooperSurgical continued its growth driven by fertility. Our business fundamentals remain strong and we remain excited about the future.” CooperVision (CVI) revenue was $389.3 million, which is up 7 percent from last year’s…


The Cooper Companies, Parent Company of CooperVision, Joins Standard & Poor’s 500 Index

PLEASANTON, Calif.—CooperVision, Inc. announced that its parent company—The Cooper Companies (NYSE:COO)—was added to the Standard Poor’s 500 Index after the close of the U.S. markets on Sept. 22. The company, which is part of the health care sector of the index, joins well-known companies including Apple, Google, PG and others. “This is a great accomplishment for The Cooper Companies and for CooperVision as we play an integral role in the organization’s collective success,” said Dan McBride, executive vice president, chief operating officer of The Cooper Companies and president of CooperVision. “Being named to the SP 500 Index recognizes our performance…


The Cooper Companies Post Solid Results for 2Q 2016

PLEASANTON, Calif.—The Cooper Companies (NYSE:COO) reported an 11 percent year-over-year increase in revenue (9 percent pro forma) to $483.8 million for the fiscal second quarter ended April 30, 2016. CooperVision (CVI) revenue rose 9 percent to $391.2 million. CooperSurgical (CSI) revenue climbed to 23 percent to $92.6 million. “This was a very solid quarter for us within both CooperVision and CooperSurgical,” remarked Robert S. Weiss, Cooper’s president and chief executive officer. “We remain optimistic about the back half of the fiscal year and that our strategies will continue to drive success in the coming years.” Speaking on a conference call…


Cooper Companies Revenue Rises Slightly in First Quarter 2016

PLEASANTON, Calif.—The Cooper Companies (NYSE:COO) announced that revenue for the fiscal first quarter ended January 31, 2016 rose 1 percent year-over-year to $449.6 million, or 5 percent on a pro forma basis. Gross margin slipped to 58 percent from 62 percent in last year’s first quarter. Gross margin was negatively impacted primarily by currency and product mix. First quarter free cash flow $44.4 million and adjusted free cash flow $56.7 million. Commenting on the results, Robert S. Weiss, Cooper’s president and chief executive officer said, “I am pleased with the strong start to our fiscal year. CooperVision continued to gain…