Healthcare
Medical Instruments & Supplies
$18.32B
16K
Key insights and themes extracted from this filing
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.