Welcome to our dedicated page for Cooper news (Ticker: COO), a resource for investors and traders seeking the latest updates and insights on Cooper stock.
CooperCompanies (Nasdaq: COO) is a global medical device company with two main business units, CooperVision and CooperSurgical, and its news flow reflects this mix of vision care and women’s health activities. Company press releases regularly provide updates on quarterly and annual financial results, including revenue, earnings per share, margins, and free cash flow, along with commentary from management on operational performance and priorities.
Investors following COO news will see detailed segment information for CooperVision and CooperSurgical, such as revenue by product category and geography, as well as explanations of non‑GAAP metrics, constant currency growth, and organic growth. Releases also describe reorganization and integration efforts, business optimization charges, and product line exits, offering context on how these actions affect reported margins and future cost structure.
CooperCompanies’ news also covers corporate governance and strategic topics. Recent announcements include changes in Board leadership, the appointment of new independent directors, and a formal strategic review of the company’s businesses, corporate structure, and capital allocation priorities. The company has disclosed cooperation agreements with investment partners and expansions of its share repurchase program, including a Board‑approved increase that brought total authorization to $2 billion.
In addition, CooperCompanies issues notices about upcoming earnings releases, conference calls, and participation in healthcare investment conferences, where senior executives present and answer questions. For those interested in the broader eye care landscape, external communications related to CooperVision highlight its role in contact lenses and myopia management. This news page brings together these financial, strategic, and industry‑related updates in one place for users tracking COO.
CooperVision reported findings from its six-year MiSight® 1 day clinical study, revealing that 23% of children's eyes remained stable for myopia. The study highlighted the lens's efficacy in myopia management, demonstrating a continued excellent safety profile and visual acuity over 653 wearing years. Although early intervention is ideal, initiating treatment later can still effectively slow myopia progression. CooperVision's MiSight® is the only FDA-approved lens for this purpose in children aged 8-12, forming the core of its Brilliant Futures™ program, recently expanded to several countries.
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CooperCompanies (NYSE: COO) reported a 15% decline in fiscal Q3 revenue to $578.2 million, with CooperVision and CooperSurgical revenues falling 12% and 24%, respectively. GAAP diluted EPS was $1.12, down 53% year-over-year, while non-GAAP diluted EPS decreased 30% to $2.28. Despite COVID-19 challenges, the company noted a faster-than-anticipated recovery and provided Q4 revenue guidance of $665-$693 million. Operating and gross margins also saw reductions, attributed to heightened COVID-related expenses. The debt at the end of the quarter stood at $1.88 billion, with cash equivalents of $127.4 million.
CooperCompanies (NYSE: COO) will participate in the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 23, 2020, at 3:20 pm ET. Senior Vice President and CFO Brian Andrews will represent the company in a virtual session. Investors can access the session via a webcast available on the Investor Relations section of Cooper's website. CooperCompanies operates through two main units: CooperVision, focusing on vision care, and CooperSurgical, dedicated to women's health and fertility. The company has over 12,000 employees globally.
CooperVision has announced Sarah Michelle Gellar as the spokesperson for its Brilliant Futures™ Myopia Management Program, aimed at increasing awareness of myopia among children. The program features the MiSight® 1 day lens, FDA-approved to slow myopia progression in children aged 8-12. With myopia affecting over 40% of Americans, CooperVision emphasizes the importance of early intervention during a time of increased screen usage.
The campaign includes national advertising and collaboration with the National Association of School Nurses to educate parents about myopia management.
CooperCompanies (NYSE: COO) will participate in the Morgan Stanley Virtual 18th Annual Global Healthcare Conference on September 16, 2020, with Senior VP and CFO Brian Andrews leading the presentation starting at 2:45 pm ET. Interested investors can access the session via a webcast on Cooper's Investor Relations website.
Cooper operates globally with two main units: CooperVision, focusing on vision care products, and CooperSurgical, dedicated to women's health and fertility solutions. The company has over 12,000 employees and products available in more than 100 countries.
CooperCompanies (NYSE: COO) will participate in the 2020 Wells Fargo Virtual Healthcare Conference on September 10, 2020, at 1:20 pm ET. CEO Al White will represent the company during this session. A webcast of the presentation will be available on the Investor Relations section of Cooper's website, ensuring accessibility for stakeholders and investors. CooperCompanies is a global medical device firm operating through CooperVision and CooperSurgical, focusing on vision care and women's health products with a workforce exceeding 12,000 across more than 100 countries.
CooperCompanies (NYSE: COO) will announce its third quarter 2020 financial results on September 3, 2020, at 4:15 PM ET. Following the release, a conference call will take place at 5:00 PM ET to discuss these results and other corporate developments. Interested participants can join the call by dialing 855-643-4430 (U.S.) or 707-294-1332 (International) with the passcode 'Cooper'. A simultaneous webcast will be available on the company's website, and a recording will be accessible from September 3 through September 10, 2020.
CooperCompanies (NYSE: COO) has declared a semi-annual dividend of 3 cents per share, payable on August 7, 2020, to stockholders of record on July 23, 2020. This decision aligns with the company's commitment to pay annual dividends as approved by its board of directors. CooperCompanies operates through two key divisions: CooperVision, focused on vision care products, and CooperSurgical, dedicated to women's health and fertility solutions, with products available in over 100 countries.
CooperCompanies announced the appointment of Holly Sheffield as President of CooperSurgical, effective July 13, 2020, following the retirement of Robert Auerbach. Auerbach will remain in an advisory role until February 1, 2021. Sheffield has been with Cooper since June 2018 as Executive VP and Chief Strategy Officer, previously serving at UBS Securities LLC. CEO Albert White expressed confidence in Sheffield's leadership capabilities, highlighting a seamless transition ahead for the company.
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