Cooper Companies Tops Q1, Lifts EPS Outlook as Shares Slide on Asia-Pacific Caution
Management cited weakness in Japan’s legacy hydrogel lenses as the near-term headwind.
Overview
- Quarterly revenue reached $1.024 billion on 2.9% organic growth, with non-GAAP EPS at $1.10, up 20% year over year.
- The company raised its full-year non-GAAP EPS guidance to a range of $4.58 to $4.66.
- Profitability improved, with non-GAAP gross margin at 68.1% and operating margin at 26.9%.
- CooperVision revenue rose to $695 million (+7.6%) led by MyDay, while MiSight climbed 23% to $28 million and Asia-Pacific declined about 4% on legacy hydrogel softness with growth expected to resume in fiscal Q3.
- Free cash flow totaled $159 million as the company repurchased $92 million of stock, refinanced $950 million of term debt to February 2031, and reduced net debt to roughly $2.4 billion.