Latest news with #Alb
Yahoo
30-05-2025
- Business
- Yahoo
The Cooper Companies Inc (COO) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
Consolidated Revenue: $1.002 billion, up 6% year-over-year, 7% organically. CooperVision Revenue: $670 million, up 5% or 7% organically. CooperSurgical Revenue: $333 million, up 8% or 7% organically. Non-GAAP Earnings: $0.96, up 14% year-over-year. Gross Margin: 68%, up from 67.3%. Operating Margin: 24.9%, with operating income up 11%. Free Cash Flow: $18 million, with CapEx of $78 million. Net Debt: Increased slightly to $2.47 billion. Share Repurchase: Approximately 537,000 shares for $40.6 million. Revenue Guidance: $4.11 billion to $4.15 billion for fiscal 2025, up 5.5% to 6.5%. Non-GAAP EPS Guidance: $4.05 to $4.11, growth of 10% to 11.5% year-over-year. Free Cash Flow Guidance: $350 million to $400 million for fiscal 2025. Warning! GuruFocus has detected 2 Warning Sign with COO. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Cooper Companies Inc (NASDAQ:COO) reported a solid quarter with consolidated organic revenue growth of 7%, driven by double-digit growth in daily silicone hydrogel lenses and the office and surgical portfolio. Margins improved significantly, with non-GAAP earnings up 14% year-over-year, demonstrating operational improvements and OpEx leverage. The myopia management portfolio grew 19%, with MiSight up 35%, indicating strong demand and successful implementation of a new pricing model. CooperSurgical reported revenues of $333 million, up 8% or 7% organically, driven by success in surgical medical devices and labor and delivery portfolio. The company raised its revenue guidance at the midpoint, reflecting solid Q2 performance and positive impact from updated currency rates. The Cooper Companies Inc (NASDAQ:COO) is facing a more complex global operating environment, with pressures from channel inventory and market growth assumptions. Fertility revenues were softer than expected, particularly in Asia Pac, due to market softness and fertility clinics managing cash tighter. The company reduced its market growth expectations for contact lenses and fertility, reflecting a more conservative outlook. There is ongoing pressure from tariffs, with an expected negative impact of roughly $4 million to cost of goods this year. The company anticipates a mid-teens decline in PARAGARD sales in fiscal Q3, following channel fill-driven growth in the first half of the year. Q: Can you provide insights into the contact lens market dynamics, particularly regarding channel inventory and consumer behavior? A: Albert White, President and CEO, explained that channel inventory fluctuations are impacting reported growth rates. Consumers are purchasing smaller supplies, such as three-month instead of twelve-month supplies, which affects revenue despite strong fitting activity. This trend is expected to continue, putting pressure on inventory levels throughout the year. Q: What factors contributed to the lowered market growth assumption for Vision Care this year? A: Albert White noted that the market is returning to its historical growth range of 4% to 6%, down from the post-COVID highs. The adjustment reflects general market softness rather than specific issues, with pricing remaining sound and fitting activity still robust. Q: How is the fertility market performing, and what are the expectations moving forward? A: Albert White highlighted that fertility growth was softer than expected, particularly in Asia Pacific due to market softness and consumer pressure. The industry is expected to grow in the low single digits this year, with some improvement anticipated in the latter half of the year. Q: Can you elaborate on the impact of tariffs and how Cooper Companies plans to mitigate them? A: Brian Andrews, CFO, stated that tariffs are expected to negatively impact costs by approximately $4 million this year. The company is evaluating mitigation strategies, including potential price increases and adjustments to supply chain flows, to offset the impact. Q: What is driving the decision to implement a free trial program for MiSight, and how does it affect growth expectations? A: Albert White explained that the free trial program aims to reduce initial fitting barriers for MiSight, as the upfront cost is not the primary barrier. The program is expected to boost fitting activity and accelerate growth, with MiSight projected to achieve over 40% growth in Q4. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
30-05-2025
- Business
- Yahoo
The Cooper Companies Inc (COO) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
Consolidated Revenue: $1.002 billion, up 6% year-over-year, 7% organically. CooperVision Revenue: $670 million, up 5% or 7% organically. CooperSurgical Revenue: $333 million, up 8% or 7% organically. Non-GAAP Earnings: $0.96, up 14% year-over-year. Gross Margin: 68%, up from 67.3%. Operating Margin: 24.9%, with operating income up 11%. Free Cash Flow: $18 million, with CapEx of $78 million. Net Debt: Increased slightly to $2.47 billion. Share Repurchase: Approximately 537,000 shares for $40.6 million. Revenue Guidance: $4.11 billion to $4.15 billion for fiscal 2025, up 5.5% to 6.5%. Non-GAAP EPS Guidance: $4.05 to $4.11, growth of 10% to 11.5% year-over-year. Free Cash Flow Guidance: $350 million to $400 million for fiscal 2025. Warning! GuruFocus has detected 2 Warning Sign with COO. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Cooper Companies Inc (NASDAQ:COO) reported a solid quarter with consolidated organic revenue growth of 7%, driven by double-digit growth in daily silicone hydrogel lenses and the office and surgical portfolio. Margins improved significantly, with non-GAAP earnings up 14% year-over-year, demonstrating operational improvements and OpEx leverage. The myopia management portfolio grew 19%, with MiSight up 35%, indicating strong demand and successful implementation of a new pricing model. CooperSurgical reported revenues of $333 million, up 8% or 7% organically, driven by success in surgical medical devices and labor and delivery portfolio. The company raised its revenue guidance at the midpoint, reflecting solid Q2 performance and positive impact from updated currency rates. The Cooper Companies Inc (NASDAQ:COO) is facing a more complex global operating environment, with pressures from channel inventory and market growth assumptions. Fertility revenues were softer than expected, particularly in Asia Pac, due to market softness and fertility clinics managing cash tighter. The company reduced its market growth expectations for contact lenses and fertility, reflecting a more conservative outlook. There is ongoing pressure from tariffs, with an expected negative impact of roughly $4 million to cost of goods this year. The company anticipates a mid-teens decline in PARAGARD sales in fiscal Q3, following channel fill-driven growth in the first half of the year. Q: Can you provide insights into the contact lens market dynamics, particularly regarding channel inventory and consumer behavior? A: Albert White, President and CEO, explained that channel inventory fluctuations are impacting reported growth rates. Consumers are purchasing smaller supplies, such as three-month instead of twelve-month supplies, which affects revenue despite strong fitting activity. This trend is expected to continue, putting pressure on inventory levels throughout the year. Q: What factors contributed to the lowered market growth assumption for Vision Care this year? A: Albert White noted that the market is returning to its historical growth range of 4% to 6%, down from the post-COVID highs. The adjustment reflects general market softness rather than specific issues, with pricing remaining sound and fitting activity still robust. Q: How is the fertility market performing, and what are the expectations moving forward? A: Albert White highlighted that fertility growth was softer than expected, particularly in Asia Pacific due to market softness and consumer pressure. The industry is expected to grow in the low single digits this year, with some improvement anticipated in the latter half of the year. Q: Can you elaborate on the impact of tariffs and how Cooper Companies plans to mitigate them? A: Brian Andrews, CFO, stated that tariffs are expected to negatively impact costs by approximately $4 million this year. The company is evaluating mitigation strategies, including potential price increases and adjustments to supply chain flows, to offset the impact. Q: What is driving the decision to implement a free trial program for MiSight, and how does it affect growth expectations? A: Albert White explained that the free trial program aims to reduce initial fitting barriers for MiSight, as the upfront cost is not the primary barrier. The program is expected to boost fitting activity and accelerate growth, with MiSight projected to achieve over 40% growth in Q4. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
10-05-2025
- Politics
- Winnipeg Free Press
Calgary, Edmonton mayors call potential separatism referendum ‘dangerous'
CALGARY – Alberta's two big-city mayors say a separation referendum would be 'devastating' to their local economies and is a needless distraction during a period in which the country should be focused on unity. 'It is very dangerous talk,' Edmonton Mayor Amarjeet Sohi said in an interview with The Canadian Press. 'It is dangerous talk for our economy. It's dangerous talk for our social cohesion. It's going to tear apart communities.' Discontent in Western Canada has picked up renewed traction with Prime Minister Mark Carney's Liberals winning a mandate in the recent election and a new bill from Premier Danielle Smith's government that would make it easier to bring citizen-led questions to a referendum. The bill would lower the number of signatures needed for a citizen-led referendum on a constitutional question to 177,000 signatures from more than 600,000. It would also extend the time frame allowed for those signatures to be collected to 120 days from 90. The Supreme Court of Canada has dictated that a province cannot unilaterally separate from the country. A vote to sever ties would send the province and federal government into negotiations over a litany of issues ranging from First Nation treaties to ownership of federal land such as national parks. While Smith has deferred to legal scholars on those questions, constitutional experts have said there is no road map for separation negotiations. Critics have charged Smith with stoking the embers of separatism during a period in which Canada's relationship with its closest ally has frayed under U.S. President Donald Trump. Smith, meanwhile, has said the government has been targeting those changes for a long time because it felt the previous bar for signatures was impossibly high. Earlier this week, Smith told CTV that she doesn't want to see the separatism movement splinter into a mainstream party like the Bloc Québécois or Parti Québécois in Quebec. 'If there isn't an outlet (for frustration) it creates a new party,' she said. Sohi, who unsuccessfully ran for the Liberals in the federal election and is not running for re-election in Edmonton this fall, said having a referendum on the question of separation would cause 'full flight of investment from our communities.' 'I am already hearing from business community members here in Edmonton that are deeply concerned about this question,' Sohi said. 'If there were to be a referendum, it will definitely cause full flight of investment from our communities.' Alberta Municipalities, Rural Municipalities of Alberta, and the Business Council of Alberta declined to comment. Calgary Mayor Jyoti Gondek said in an interview that lowering the threshold to bring forward a referendum is a distraction during a time when Canada needs to strengthen its economy. 'It creates uncertainty. It creates lack of confidence from investors,' Gondek said. 'It's a dangerous game to play at a time that we should be looking out for ourselves.' She added that Calgary and other Alberta municipalities have butted heads with the province on many occasions, but they have never considered leaving. Calgary and the provincial government have sparred in recent years over numerous issues, including the fate of the billion-dollar Green Line transit project and a bill granting the province greater control over funding deals between the city and federal government. 'Municipalities in this province have been through a lot. We have been surprised by legislation that has stripped us of abilities to do our job. But not once have you seen a municipality say, 'I wish to remove myself from the province. I wish to be an independent entity.' We don't do that because we know it's not sustainable,' Gondek said. 'So how on Earth can this province think it's a good idea to separate from the rest of Canada?' This report by The Canadian Press was first published May 9, 2025.
Yahoo
10-05-2025
- Politics
- Yahoo
Calgary, Edmonton mayors call potential separatism referendum 'dangerous'
CALGARY — Alberta's two big-city mayors say a separation referendum would be "devastating" to their local economies and is a needless distraction during a period in which the country should be focused on unity. "It is very dangerous talk," Edmonton Mayor Amarjeet Sohi said in an interview with The Canadian Press. "It is dangerous talk for our economy. It's dangerous talk for our social cohesion. It's going to tear apart communities." Discontent in Western Canada has picked up renewed traction with Prime Minister Mark Carney's Liberals winning a mandate in the recent election and a new bill from Premier Danielle Smith's government that would make it easier to bring citizen-led questions to a referendum. The bill would lower the number of signatures needed for a citizen-led referendum on a constitutional question to 177,000 signatures from more than 600,000. It would also extend the time frame allowed for those signatures to be collected to 120 days from 90. The Supreme Court of Canada has dictated that a province cannot unilaterally separate from the country. A vote to sever ties would send the province and federal government into negotiations over a litany of issues ranging from First Nation treaties to ownership of federal land such as national parks. While Smith has deferred to legal scholars on those questions, constitutional experts have said there is no road map for separation negotiations. Critics have charged Smith with stoking the embers of separatism during a period in which Canada's relationship with its closest ally has frayed under U.S. President Donald Trump. Smith, meanwhile, has said the government has been targeting those changes for a long time because it felt the previous bar for signatures was impossibly high. Earlier this week, Smith told CTV that she doesn't want to see the separatism movement splinter into a mainstream party like the Bloc Québécois or Parti Québécois in Quebec. "If there isn't an outlet (for frustration) it creates a new party," she said. Sohi, who unsuccessfully ran for the Liberals in the federal election and is not running for re-election in Edmonton this fall, said having a referendum on the question of separation would cause "full flight of investment from our communities." "I am already hearing from business community members here in Edmonton that are deeply concerned about this question," Sohi said. "If there were to be a referendum, it will definitely cause full flight of investment from our communities." Alberta Municipalities, Rural Municipalities of Alberta, and the Business Council of Alberta declined to comment. Calgary Mayor Jyoti Gondek said in an interview that lowering the threshold to bring forward a referendum is a distraction during a time when Canada needs to strengthen its economy. "It creates uncertainty. It creates lack of confidence from investors," Gondek said. "It's a dangerous game to play at a time that we should be looking out for ourselves." She added that Calgary and other Alberta municipalities have butted heads with the province on many occasions, but they have never considered leaving. Calgary and the provincial government have sparred in recent years over numerous issues, including the fate of the billion-dollar Green Line transit project and a bill granting the province greater control over funding deals between the city and federal government. "Municipalities in this province have been through a lot. We have been surprised by legislation that has stripped us of abilities to do our job. But not once have you seen a municipality say, 'I wish to remove myself from the province. I wish to be an independent entity.' We don't do that because we know it's not sustainable," Gondek said. "So how on Earth can this province think it's a good idea to separate from the rest of Canada?" This report by The Canadian Press was first published May 9, 2025. Matthew Scace, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
