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AI English summary of an SEC filing — figures as filed

The Cooper Companies logoThe Cooper Companies COO

The company said revenue for the fiscal first quarter ended January 31, 2024 rose 9% from a year earlier to $931.6 million. CooperVision revenue increased 7% to $621.5 million, and CooperSurgical revenue increased 12% to $310.1 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for the fiscal first quarter ended January 31, 2024 rose 9% from a year earlier to $931.6 million. CooperVision revenue increased 7% to $621.5 million, and CooperSurgical revenue increased 12% to $310.1 million.

  2. The Cooper Companies said GAAP diluted earnings per share for fiscal Q1 were $0.41, down $0.02 (5%) from a year earlier, while non-GAAP diluted earnings per share rose $0.12 (18%) to $0.85. Per-share figures for all periods reflect the 4-for-1 stock split effected on February 16, 2024.

  3. The company said operating cash flow for fiscal Q1 was $122.7 million, and capital expenditures were $118.1 million, resulting in free cash flow of $4.6 million. Net debt at quarter-end was $2.6 billion.

  4. The company said it raised its fiscal 2024 full-year outlook. It presented total revenue of $3,847 to $3,897 million (organic growth of 7% to 8%) and non-GAAP diluted EPS of $3.50 to $3.58.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal Q1 Revenue Rises $931.6 million; CooperVision and CooperSurgical Growth Rates by Segment

The company said revenue for the fiscal first quarter ended January 31, 2024 rose 9% from a year earlier to $931.6 million. CooperVision revenue increased 7% to $621.5 million, and CooperSurgical revenue increased 12% to $310.1 million.

Source · Based on the filing body and exhibits

GAAP Diluted EPS $0.41, Non-GAAP Diluted EPS $0.85

The Cooper Companies said GAAP diluted earnings per share for fiscal Q1 were $0.41, down $0.02 (5%) from a year earlier, while non-GAAP diluted earnings per share rose $0.12 (18%) to $0.85. Per-share figures for all periods reflect the 4-for-1 stock split effected on February 16, 2024.

Source · Based on the filing body and exhibits

Operating Cash Flow $122.7 million, Free Cash Flow $4.6 million

The company said operating cash flow for fiscal Q1 was $122.7 million, and capital expenditures were $118.1 million, resulting in free cash flow of $4.6 million. Net debt at quarter-end was $2.6 billion.

Source · Based on the filing body and exhibits

Fiscal 2024 Full-Year Outlook Raised, Revenue $3,847 to $3,897 million

The company said it raised its fiscal 2024 full-year outlook. It presented total revenue of $3,847 to $3,897 million (organic growth of 7% to 8%) and non-GAAP diluted EPS of $3.50 to $3.58.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.