Bradley Bowers's questions to COOPER COMPANIES (COO) leadership • Q3 2025
Question
Bradley Bowers, on for Anthony Petrone at Mizuho Securities, asked for an update on PARAGARD's market share and volume dynamics, particularly with its declining volumes. He also inquired about tailwinds for gross margin and whether future operating margin leverage would come from gross margin improvements or SG&A control.
Answer
President and CEO Al White stated that PARAGARD volumes continue to decline, reflecting pressure on the entire IUD market, but this has been offset by pricing. He expects a similar dynamic next year. Regarding margins, he noted that a mix shift toward MyDay and tariff impacts would pressure gross margins. CFO Brian Andrews added that disciplined cost management and efficiency initiatives would drive SG&A leverage to more than offset these headwinds, resulting in operating margin expansion.