The Cooper Companies, Inc. (COO)

Sector: Healthcare|Industry: Medical Instruments & Supplies|Market Cap: $18.32B|Employees: 16K


The Cooper Companies, Inc. is a global medical device company focused on improving lives through its vision, fertility, and women's health products and services. CooperVision, a major revenue stream, manufactures and markets contact lenses, including myopia management lenses. CooperSurgical offers a broad portfolio of products and services for fertility and women's health, with a focus on medical offices, ambulatory surgery centers, and hospitals. The company has a global presence with manufacturing and distribution facilities across the Americas, Europe, and Asia Pacific.

  1. Filings

Filing Highlights

Financial Performance

The 10-K reports net sales of $3.593 billion for the fiscal year ended October 31, 2023, compared to $3.308 billion for the previous year, representing an 8% increase. This growth was fueled by both the CooperVision and CooperSurgical segments, indicating broad-based performance improvements.

Operating income was $533.1 million, compared to $507.6 million in the prior year. However, the increase was offset by higher share-based compensation expenses, indicating a potential concern regarding cost management or increased investment in employee incentives.

Net income was $294.2 million, compared to $385.8 million in the prior year. This decrease in net income suggests challenges in maintaining profitability despite revenue growth, potentially due to increased expenses or other factors impacting the bottom line.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment