Cooper Stock Price, News & Analysis

CooperCompanies (NYSE: COO) will participate in Oppenheimer’s 32nd Annual Healthcare Conference on March 16, 2022. The session, led by CFO Brian Andrews, starts at 3:20 PM ET and will be conducted virtually. Interested parties can access a live webcast of the presentation through the Investor Relations section of CooperCompanies’ website. A replay will be available after the event concludes. CooperCompanies focuses on medical devices through its two main units: CooperVision and CooperSurgical, catering to vision care and women’s health.

Cook Medical has signed a letter of intent to sell its Reproductive Health business to CooperCompanies for $875 million. The deal includes $675 million at closing and $200 million in four annual installments of $50 million each. This strategic move aims to enhance product offerings in women’s health and fertility solutions. Cook will continue manufacturing products for CooperSurgical for two years during the transition. The transaction is pending regulatory approvals and local consultations.

CooperCompanies (NYSE: COO) has announced a binding letter of intent to acquire Cook Medical's Reproductive Health business for approximately $875 million. The payment structure consists of $675 million at closing and $200 million paid in four annual installments of $50 million. The acquisition aims to enhance CooperSurgical's international fertility footprint, particularly in the Asia-Pacific region, and is expected to be accretive to non-GAAP earnings per share by approximately $0.60 in the first year. The transaction is subject to customary closing conditions.

CooperCompanies (NYSE: COO) will release its Q1 2022 financial results on March 3, 2022, at 4:15 PM ET. Following the release, a conference call will be held at 5:00 PM ET to discuss results and corporate developments. Participants can join via dial-in or through the Company's website. A recording will be available after the call until March 10, 2022. CooperCompanies focuses on medical devices, operating through two units: CooperVision and CooperSurgical, and employs over 12,000 individuals globally.

CooperCompanies (NYSE: COO) will present at the J.P. Morgan Healthcare Conference on January 11, 2022, at 2:15 PM ET. Al White, President and CEO, will lead the virtual session. Interested parties can access a live webcast on the Investor Relations section of the company's website, which will be available for 30 days post-event. CooperCompanies focuses on medical devices through its units, CooperVision and CooperSurgical, and employs over 12,000 people globally.

CooperCompanies (NYSE: COO) has finalized the acquisition of Generate Life Sciences for around $1.6 billion. This acquisition enhances Cooper's offerings in fertility treatments, cryopreservation, and stem cell storage. Cooper's President and CEO, Al White, expressed enthusiasm for integrating Generate's employees into the Cooper family, aiming to bolster services for fertility clinics and Ob/Gyns. To finance the acquisition, Cooper has secured a $1.5 billion non-amortizing senior unsecured term loan.

CooperCompanies (NYSE: COO) has scheduled its annual meeting of stockholders for March 16, 2022. Stockholders who are recorded by January 20, 2022, can vote on key matters, including the election of directors. The company is divided into two main business units: CooperVision, focusing on vision care products, and CooperSurgical, which specializes in women’s and family health. Headquartered in San Ramon, CA, Cooper operates globally with over 12,000 employees and products in more than 100 countries.

CooperCompanies (NYSE: COO) has declared a semi-annual dividend of 3 cents per share, as part of its ongoing annual dividend plan. This dividend will be payable on February 9, 2022, to stockholders recorded by January 21, 2022. The company operates two business units: CooperVision, which focuses on vision care products, and CooperSurgical, dedicated to women's health and medical devices. With over 12,000 employees and products available in over 100 countries, Cooper continues to enrich the lives of its customers globally.

CooperCompanies (NYSE: COO) reported strong financial results for Q4 and FY 2021. Revenue rose 11% YoY to $759.1 million in Q4, with full-year revenue increasing 20% to $2.92 billion. GAAP diluted EPS for Q4 stood at $2.21 (up 35%) and $59.16 for FY 2021 (up 1,131%). The company achieved record annual revenue and profits, with a gross margin of 66% in Q4. For FY 2022, the company forecasts revenue between $3.03 billion and $3.09 billion, indicating growth. CEO Al White emphasized continued market share gain in contact lenses and fertility sectors.