The Cooper Companies Inc
COO
$70.46 1.94%
Exchange: NASDAQ | Sector: Healthcare | Industry: Medical Instruments Supplies
Q4 2024
Published: Dec 6, 2024

Earnings Highlights

  • Revenue of $1.02B up 9.9% year-over-year
  • EPS of $0.58 increased by 37.2% from previous year
  • Gross margin of 61.6%
  • Net income of 117.50M
  • "Al White: 'CooperVision had a solid quarter, led by strength in silicone hydrogel dailies and our full suite of torics and multifocals.'" - Al White, CEO

The Cooper Companies Inc (COO) Q4 2024 Financial Results Report: Driving Growth in the Contact Lens Market

Executive Summary

In Q4 2024, The Cooper Companies Inc (COO) achieved significant financial milestones with total revenues reaching $1.018 billion, a 10% increase year-over-year driven primarily by strong sales in CooperVision's daily silicone hydrogel lenses and CooperSurgical's fertility products. Notably, CooperVision and CooperSurgical reported yearly record revenues, bolstering the company’s market leadership in contact lenses. However, management noted unexpected softness in U.S. sales towards the end of the quarter, which has necessitated a cautious outlook for fiscal year 2025. Despite these challenges, The Cooper Companies is focused on expansion initiatives and increased product availability, positioning itself for continued growth.

Key Performance Indicators

Revenue

1.02B
QoQ: 1.56% | YoY:9.85%

Gross Profit

627.50M
61.62% margin
QoQ: 2.43% | YoY:3.46%

Operating Income

198.40M
QoQ: 3.06% | YoY:46.20%

Net Income

117.50M
QoQ: 12.23% | YoY:39.05%

EPS

0.59
QoQ: 11.32% | YoY:37.21%

Revenue Trend

Margin Analysis

Key Insights

**Revenues:** $1.018 billion, up 10% YoY, or 7% organically. **Net Income:** $117.5 million, up 39.05% YoY with diluted EPS of $0.58. **Gross Profit Margin:** Increased to 61.6% from 61.4% prior. **Operating Margin:** Improved to 19.4%. **Cash Flow from Operations:** $268 million. **Free Cash Flow:** $128 million. **Net Debt:** Reduced to $2.48 billion, showing a healthier balance sheet with a leverage ratio of 1.94x. **Key Competitors Performance:** Johnson & Johnson and Bausch reported dou...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 1,002.30 0.44 +6.3% View
Q1 2025 964.70 0.52 +3.6% View
Q4 2024 1,018.40 0.58 +9.9% View
Q3 2024 1,002.80 0.52 +7.8% View
Q2 2024 942.60 0.44 +7.4% View