Cooper Q2 revenue up 6% to $877M; GAAP EPS slumps 69% to $0.80; FY23 guidance updated

COOPER COMPANIES, INC.

2023-Q2 EPS reported $2.50 revenue$1,735,900,000

Revenue $877.4M, up 6% YoY (9% constant currency, 8% organic); GAAP diluted EPS $0.80 vs $2.55 last year.
Non-GAAP diluted EPS $3.08, down $0.16 or 5% YoY; gross margin 66% on GAAP, 67% non-GAAP.
CooperVision organic growth 10% (9th consecutive double-digit quarter); CooperSurgical fertility up 11% organic.
FY23 guidance: revenue $3,512-$3,569M (organic 7-9%), non-GAAP EPS $12.66-$12.96.
Free cash flow $50.6M; net debt $2.5B down $48.5M from prior quarter; interest expense $26.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COOPER COMPANIES, INC. reported its fiscal second quarter ended April 30, 2023 results: revenue $877.4 million, EPS GAAP diluted earnings per share (EPS) of $0.80. Guidance reaffirmed.

Period: its fiscal second quarter ended April 30, 2023
Revenue: $877.4 million
EPS: GAAP diluted earnings per share (EPS) of $0.80
Guidance: reaffirmed
Result: reported results

Exact text from the filing

PRESS RELEASE CooperCompanies Announces Second Quarter 2023 Results San Ramon, Calif., June 1, 2023 — CooperCompanies (NYSE: COO) today announced financial results for its fiscal second quarter ended April 30, 2023. • Revenue increased 6% year-over-year to $877.4 million. CooperVision (CVI) revenue up 6% to $589.3 million, and CooperSurgical (CSI) revenue up 4% to $288.1 million. • GAAP diluted earnings per share (EPS) of $0.80, down $1.75 or 69% from last year's second quarter. • Non-GAAP diluted EPS of $3.08, down $ 0.16 o r 5% from last year's second quarter.

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Source: SEC EDGAR

accession 0000711404-23-000029

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