Q2 2026 Cooper Companies Inc Earnings Call Transcript
Key Points
- The Cooper Companies Inc (COO) delivered record revenue and non-GAAP earnings this quarter, with revenues growing 8% to $1.08 billion and non-GAAP earnings per share increasing 26% to $1.21.
- CooperVision reported a solid quarter with revenues increasing 8% or 4% organically, driven by continued strength in the Americas and momentum in EMEA.
- CooperSurgical also performed well with revenues up 8% or 6% organically, led by the fertility business growing 13% or 10% organically.
- The company achieved meaningful operating margin expansion this quarter due to back office consolidation and efficiency initiatives.
- The Cooper Companies Inc (COO) generated robust free cash flow, reinforcing confidence in the strength and durability of its cash generation.
- Revenue in Asia Pacific declined 6% as the company continues repositioning its portfolio, including rationalizing legacy hydrogel products.
- The company is facing broader market softness across the Asia Pacific region, including greater-than-expected weakness in Japan.
- The litigation related to a December 2023 embryo culture media recall in the fertility business resulted in a net impact of $271.6 million to resolve outstanding claims.
- The company expects gross margins to decline year over year, primarily driven by unfavorable FX and certain higher costs, including tariffs and freight.
- The guidance for CooperVision's full-year organic growth was adjusted to 3.5% to 4.5%, reflecting softness in the Asia Pacific region.
Thank you for standing by. My name is Janine, and I will be your conference operator for today. At this time, I would like to welcome everyone to The CooperCompanies earnings conference call. (Operator Instructions)
I will now hand the call over to Kim Duncan, Vice President of Investor Relations and Risk Management. Please go ahead.
Good afternoon, and welcome to CooperCompanies second-quarter 2026 earnings conference call. Today's call we will discuss results and guidance concluded in the earnings release and then use the remaining time for questions. Presenters on today's call are Al White, President and Chief Executive Officer; and Brian Andrews, Chief Financial Officer and Treasurer.
Before we begin, I'd like to remind you that this conference call will contain forward-looking statements, including statements relating to revenues, EPS, cash flows, interest, FX and tax rates, tariffs and other financial guidance and expectations, strategic and
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