Question · Q4 2025
Lily Mowry asked about the confidence in the back-end loaded revenue growth guidance for the year, identifying variables across CooperVision and CooperSurgical expected to improve in 2026. She also inquired about the drivers behind the improved free cash flow outlook and whether it stems from decreased SG&A or R&D investment.
Answer
President and CEO Al White explained that the guidance is intentionally not overly aggressive, with confidence stemming from MyDay sales momentum and new private label contracts. For CooperSurgical, he noted conservative fertility forecasts despite easier comps. He clarified that free cash flow improvement is driven by consistent performance, earnings growth, working capital management, and declining CooperVision CapEx as investment cycles wind down, rather than decreased SG&A or R&D.
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