Categories Earnings, Health Care
Earnings Summary: Highlights of CooperCompanies’ (COO) Q4 2023 financial results
Medical device maker CooperCompanies (NYSE: COO) announced financial results for the fourth quarter of 2023, reporting an increase in revenues and adjusted profit.
- Fourth quarter revenue came in at $927.1 million, which is up 9% year-over-year. Revenue grew 9% organically
- Q4 net income increased to $84.5 million from $65.6 million in the corresponding period of 2022
- Earnings, on a per-share basis, was $1.70 in the October quarter, higher by 29% compared to last year
- Adjusted earnings per share, excluding special items, increased 26% annually to $3.47 in Q4
- Adjusted gross margin rose to 67% from 65% last year driven by better operational performance at both CooperVision and CooperSurgical, and favorable currency
- The company ended the quarter with an operating cash flow of 174.2 million; offset by capital expenditures of $145.0 million, the free cash flow was $29.2 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
