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Cooper company's stock price surged 4% due to better-than-expected earnings and an upward revision of guidance
Cooper Companies (NASDAQ: COO) in San Ramon, California, reported first-quarter results that exceeded analyst expectations and raised its full-year earnings and free cash flow guidance. Shares rose 4.7% after the announcement.
The company posted adjusted earnings per share of $1.10 for the quarter, beating the consensus estimate of $1.03 by $0.07. Revenue reached $1.024 billion, in line with analyst expectations and up 6% year-over-year. GAAP earnings per share were $0.66, a 27% increase year-over-year.
For fiscal 2026, Cooper expects adjusted earnings per share to be in the range of $4.58 to $4.66, with a midpoint of $4.62, above the consensus estimate of $4.52. The company also provided revenue guidance of $4.306 billion to $4.346 billion, with a midpoint of $4.326 billion, slightly higher than the consensus of $4.32 billion.
President and CEO Al White said, “We are pleased to report a strong start to the fiscal year, highlighted by product launches, excellent profitability, and robust cash flow, all of which give us confidence to raise our earnings and free cash flow guidance.”
CooperVision revenue increased 8% to $695.1 million, with organic growth of 3%, driven by strong performance of the high-end MyDay product line and new product launches including MyDay MiSight. Astigmatism and multifocal products grew organically by 6%, while spherical and other products grew organically by 1%.
CooperSurgical revenue grew 3% to $329 million, with organic growth of 2%. The fertility division grew organically by 3%, while clinic and surgical products grew organically by 2%.
Non-GAAP operating profit margin expanded 180 basis points to 27%, reflecting synergies from last year’s restructuring. The company generated $158.7 million in free cash flow this quarter and repurchased $92.5 million of common stock. Cooper expects free cash flow for fiscal 2026 to be between $600 million and $625 million.
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