earnings
confidence high
sentiment positive
materiality 0.75
Cooper Q1 revenue record $931.6M (+9% YoY); non-GAAP EPS $0.85 (+18%); FY24 guidance raised
COOPER COMPANIES, INC.
2024-Q1 EPS reported
$0.41
revenue$931,600,000
- Revenue of $931.6M, up 9% YoY; CooperVision $621.5M (+7%), CooperSurgical $310.1M (+12%).
- GAAP EPS $0.41 (down 5% YoY); non-GAAP EPS $0.85 (up 18% YoY).
- Gross margin improved to 67% (GAAP and non-GAAP) from 65%/66% last year.
- FY2024 guidance raised: revenue $3,847-$3,897M, non-GAAP EPS $3.50-$3.58.
- 4-for-1 stock split effective Feb 20, 2024; free cash flow $4.6M; net debt $2.6B.