Q3 2026 Cooper Companies Inc Earnings Call Transcript
Key Points
- The Cooper Companies Inc (COO) exceeded earnings expectations for the 11th consecutive quarter, with non-GAAP EPS up 4% to $1.15.
- The Cooper Companies Inc (COO) generated record quarterly free cash flow of $273 million, up 86% year-to-date, reinforcing confidence in achieving $2.2 billion cumulative free cash flow for fiscal 2026-2028.
- The Cooper Companies Inc (COO) completed a favorable tax matter with HMRC, resulting in a $307 million discrete tax benefit and expected non-GAAP tax benefits for at least 10 more years.
- The Cooper Companies Inc (COO) saw solid fertility growth at CooperSurgical, up 5% organically, driven by genomics and new clinic wins.
- The Cooper Companies Inc (COO) is investing in commercial execution, including sales force expansion and AI-driven tools, to strengthen revenue growth in fiscal 2027 and beyond.
- The Cooper Companies Inc (COO) proactively reduced U.S. channel inventory, which weighed on CooperVision results and will continue to impact Q4, with revenue essentially flat year over year.
- The Cooper Companies Inc (COO) expects Q4 organic growth of only 0% to 2%, with CooperVision revenue down 2% to flat organically due to ongoing inventory reductions and FX headwinds.
- The Cooper Companies Inc (COO) anticipates a higher non-GAAP effective tax rate of roughly 17.5% in fiscal 2027, up from 15.5% this year, due to a scheduled GILTI increase.
- The Cooper Companies Inc (COO) faces competitive pressure in the non-hormonal IUD market, which impacted the valuation of CooperSurgical during the strategic review.
- The Cooper Companies Inc (COO) experienced softness in Asia Pac, particularly in China, where MiSight sales declined and market conditions remain challenging.
Thank you for standing by. My name is Tina and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 2026 Cooper Companies earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. To ask a question, simply press star one on your telephone keypad. To withdraw your question, press star one again. Please. Questions to one and one follow-up. It is now my pleasure to turn the call over to Kim Duncan, Vice President of Investor Relations and Risk Management. Please go ahead.
Good afternoon and welcome to Cooper Company's third quarter 2026 earnings conference call.
During today's call, we will discuss the results and guidance, the conclusion of the strategic review, and current corporate developments. We will then use the remaining time for questions. Our presenters on today's call are Al White, President and
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