report

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,”…


Review of Optometric Business Publishes Special Report on Private Equity Investment in Independent Optometry

NEW YORK—Is private equity and independent optometry a good mix? That’s a question many in the optical industry today are asking. The topic of private equity, and what the role of “ready cash” means to the future of independent optometry, is addressed in a recent special report published by Review of Optometric Business (ROB), a sister publication of VMail and Vision Monday. The 12-page report, “Private Equity The Investment Effect,” can be downloaded here. The author of ROB’s special report is Brian Chou, OD, FAAO, who practices at EyeLux Optometry in San Diego. He recently transferred ownership of his practice…


The Vision Council Releases 2017 UV Report, Preps for National Sunglasses Day

ALEXANDRIA, Va.—The Vision Council has released its official 2017 UV report, titled ‘UV’ Gotta Have Shades, in advance of May, which is healthy vision and UV awareness month, as well as National Sunglasses Day, which takes place annually on June 27. Geared toward consumer media, but also pertinent to the industry at large, the report highlights key findings from The Vision Council’s most recent VisionWatch survey surrounding American adults’ and children’s UV eye protection habits; unveils the dangers of UV eye exposure; offers answers to commonly asked UV-related questions; and provides information for how to properly protect the eyes from…


Report by Prevent Blindness Calls Children’s Eye Health Stakeholders to Action

They’re Post-Millennial, Pre-Myopic Digital Natives… Are U.S. Parents Risking Their Child’s Eyes and Learning Ability? Providing, Not Promoting, to Generation Z Get the Gist of Generation Z… Some Information on Resources KIDZ BIZ: Brand Choices for Gen Z Wearers NEW YORK—The National Center for Children’s Vision and Eye Health at Prevent Blindness (NCCVEH) recently released a report to the public centered on the vision health of school-aged children. Titled the “Children’s Vision and Eye Health: A Snapshot of Current National Issues,” the study contains an assemblage of information and survey data outlining the current landscape of children’s vision and eye…


Cooper Companies Report Year-End Revenue Increase

PLEASANTON, Calif.—The Cooper Companies, (NYSE:COO) reported record revenue for the full year ended Oct. 31, 2015, despite a slight softness in the fourth quarter. The contact lens maker reported that its revenue for its fiscal year increased 5 percent, to $1,797.1 million, although fourth quarter revenue slipped 3 percent year-over-year to $455.5 million. Taking into account constant currency rates and a boost from acquisitions, though, the company’s fourth quarter revenue rose 4 percent over year-ago. Fourth quarter free cash flow $46.2 million and adjusted free cash flow $60.9 million. Fiscal 2015 free cash flow $147.9 million and adjusted free cash…