Categories Earnings, Health Care

Earnings Summary: Here’s how CooperCompanies (COO) performed in Q3 2023

Medical device maker CooperCompanies (NYSE: COO) announced financial results for the third quarter of 2023, reporting an increase in revenues.

  • Third-quarter revenue increased 10% year-over-year to $930.2 million; CooperVision and CooperSurgical revenues rose 11% and 8% respectively
  • Net income declined to $85.3 million or $1.71 per share in the July quarter from $98.4 million or $1.98 per share a year earlier
  • Adjusted earnings per share rose 5% annually to $3.35 during the three-month period
  • Gross margin was 66%, up from 65% in last year’s third quarter
  • Operating margin decreased to 16% in Q3 from 17% in the comparable period of 2022; adjusted operating margin was 24%
  • Interest expense came in at $26.8 million, up from $17.1 million reported a year earlier
  • Operating cash flow totaled $142.5 million; adjusted for capital expenditures of $90.9 million, free cash flow was $51.6 million

Most Popular

Mattel (MAT): A look at the toymaker’s expectations for the year

Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism

Earnings Preview: Paychex likely to report higher Q1 revenue and profit

Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has

DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results

Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were

Add Comment
Viewing Highlight