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    Cooper Companies Inc (COO)

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    The Cooper Companies, Inc. is a global medical device company operating through two main business segments: CooperVision and CooperSurgical. CooperVision focuses on the vision correction market, developing, manufacturing, and marketing a wide range of soft contact lenses, including products like the MiSight 1 day lens, which is FDA-approved for slowing myopia progression in children . CooperSurgical specializes in fertility and women's health, offering products and services such as medical devices, fertility products, cryostorage services, and contraception solutions like the PARAGARD IUD . The company continues to expand its market presence through strategic acquisitions and product innovations in both segments .

    1. CooperVision - Develops, manufactures, and markets a wide range of soft contact lenses, including spherical, toric, multifocal, and myopia management lenses.
      • MiSight 1 day lens - FDA-approved lens designed to slow myopia progression in children.
      • MyDay - A product line contributing significantly to the company's revenue.
      • Biofinity - Another key product line in the vision correction market.
    2. CooperSurgical - Focuses on fertility and women's health, offering a diverse portfolio of products and services.
      • Fertility Products - Includes medical devices and cryostorage services.
      • Contraception Solutions - Features products like the PARAGARD IUD.
    NamePositionExternal RolesShort Bio

    Albert G. White III

    ExecutiveBoard

    President & CEO

    Board Member at Evolus Inc.

    Joined COO in 2006; became CEO in May 2018. Previously held roles such as CFO and Chief Strategy Officer. Holds a B.S. in Finance and MBA from Virginia Tech.

    View Report →

    Brian G. Andrews

    Executive

    EVP, CFO & Treasurer

    None

    Joined COO in 2006; became CFO in December 2020. Previously held roles such as Assistant Treasurer and VP, Global Logistics.

    Daniel G. McBride

    Executive

    EVP & Chief Operating Officer (COO)

    Board Member at Optometry Giving Sight

    Joined COO in 2005; became COO in November 2013. Previously served as President of CooperVision and General Counsel.

    Holly R. Sheffield

    Executive

    President, CooperSurgical

    Board Member at Imperative Care, Inc. and AdvaMed

    Joined COO in 2018; became President of CooperSurgical in July 2020. Previously EVP & Chief Strategy Officer. Holds a B.S. from Cornell and MBA from Columbia.

    Colleen E. Jay

    Board

    Independent Director

    Board Member at Treasury Wine Estates and Beyond Meat, Inc.

    Joined COO's board in April 2016. Former Global Division President at Procter & Gamble. Brings expertise in consumer goods and international business.

    Cynthia L. Lucchese

    Board

    Independent Director

    Board Member at Inari Medical, Relievant Medsystems, and Beaver-Visitec

    Joined COO's board in October 2022. Former CFO at Hillenbrand and Thoratec. Brings financial and governance expertise.

    Lawrence E. Kurzius

    Board

    Independent Director

    Executive Chairman at McCormick & Co.; Board Member at Elanco Animal Health

    Joined COO's board in December 2023. Former CEO of McCormick & Co. Brings expertise in global business strategy and operations.

    Maria Rivas, M.D.

    Board

    Independent Director

    Global Chief Medical Affairs Officer at Pfizer (retiring March 2025)

    Joined COO's board in 2021. Brings expertise in women’s healthcare and medical affairs. Former director at Medidata.

    Teresa S. Madden

    Board

    Independent Director

    Board Member at Enbridge, Inc.

    Joined COO's board in December 2020. Former CFO of Xcel Energy. Chairs the Audit Committee.

    William A. Kozy

    Board

    Vice Chairman & Lead Director

    Chairman of LivaNova PLC; Senior Advisor to McKinsey & Company

    Joined COO's board in 2016. Former COO of Becton Dickinson. Announced retirement effective April 2025.

    1. Given the unexpected revenue softness at the end of Q4 and the potential impact of recent price increases, can you provide more detail on how your pricing strategy is affecting consumer buying behavior and what measures you're taking to mitigate any potential negative effects on revenues?

    2. With competitors accelerating their product launches and expanding their portfolios, how confident are you in your current pipeline and global launch strategy to maintain and grow your market share, and can you elaborate on specific new products or innovations that will differentiate you in fiscal 2025?

    3. You mentioned that CooperSurgical faced challenges with the Q2 IT system upgrade that impacted operations; can you discuss how these issues affected your financial performance and operational efficiency, and what steps have been implemented to prevent similar disruptions in the future?

    4. Considering that the recent acquisitions contributing approximately $25 million in annualized revenue are now part of the organic base and the M&A environment is currently quiet, how do you plan to drive growth organically in fiscal 2025, and what strategies are in place to compensate for the reduced contribution from acquisitions?

    5. While you've indicated minimal exposure to tariffs from manufacturing in China, Mexico, or Canada, how are you assessing and mitigating potential supply chain and geopolitical risks in other regions where you have manufacturing facilities to ensure uninterrupted operations and protect your margins?

    Program DetailsProgram 1
    Approval DateMarch 2017
    End Date/DurationN/A
    Total Additional Amount$1.0 billion
    Remaining Authorization$256.4 million
    DetailsThe 2012 Share Repurchase Program was amended in March 2017 to increase the authorization to $1.0 billion. The program allows repurchases as permitted by securities laws and has no expiration date.
    YearAmount Due (in billions)Debt TypeInterest Rate (%)% of Total Debt
    20240.033Short-term DebtN/A1.3% = (0.033 / 2.5837) * 100
    20261.52021 Term Loan Facility5.9458.1% = (1.5 / 2.5837) * 100
    20291.0492024 Revolving Credit Facility6.0540.6% = (1.049 / 2.5837) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Johnson & Johnson Vision Care, Inc.

    The company is one of the largest competitors in the worldwide market and a primary competitor in the spherical, toric, and multifocal lens categories. It may have substantially greater financial resources, larger research and development budgets, larger sales forces, greater market penetration, and/or larger manufacturing volumes than CooperVision. They offer competitive products and differentiated materials, plus a variety of other eye care products including lens care products and ophthalmic pharmaceuticals, which may give them a competitive advantage in marketing their lenses.

    The company is one of the largest competitors in the worldwide market and a primary competitor in the spherical, toric, and multifocal lens categories. It may have substantially greater financial resources, larger research and development budgets, larger sales forces, greater market penetration, and/or larger manufacturing volumes than CooperVision.

    The company is one of the largest competitors in the worldwide market and a primary competitor in the spherical, toric, and multifocal lens categories. It may have substantially greater financial resources, larger research and development budgets, larger sales forces, greater market penetration, and/or larger manufacturing volumes than CooperVision.

    Vitrolife Group

    The company competes with CooperSurgical in the fertility market.

    FujiFilm-Irvine Scientific

    The company competes with CooperSurgical in the fertility market.

    Hamilton Thorne

    The company competes with CooperSurgical in the fertility market.

    Fairfax Cryobank and Fairfax EggBank

    The company competes with CooperSurgical in the fertility market.

    ViaCord

    A division of Revvity, the company competes primarily with CooperSurgical in the stem cell storage field in the United States.

    Bayer

    The company competes with CooperSurgical's Paragard with its hormonal IUDs.

    The company competes with CooperSurgical's Paragard with its hormonal IUDs.

    The company competes with CooperSurgical's Paragard with its Long Acting Reversible Contraceptives.

    The company has offerings that compete with CooperSurgical's medical device products.

    The company has offerings that compete with CooperSurgical's medical device products.

    NameStart DateEnd DateReason for Change
    KPMG LLP1982 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    obp Surgical

    2024

    CooperSurgical acquired obp Surgical for approximately $100.0 million, including developed technology, customer relationships, inventory, and significant goodwill aimed at expanding its portfolio in women’s health surgical solutions.

    ZyMot Fertility

    2024

    The acquisition of ZyMot Fertility for about $33.5 million provided CooperSurgical with specialized sperm separation technologies and intangible assets (valued at $39.6 million) that are expected to drive revenue growth post-acquisition.

    Private Denmark-based Contact Lens Distributor

    2022

    Completed in fiscal 2022, this acquisition by CooperVision targeted a distributor specializing in orthokeratology and scleral contact lenses to enhance its specialty eye care portfolio in the Nordic market.

    Private Cryopreservation Services Company

    2022

    Completed on April 6, 2022, this acquisition aligns with CooperSurgical’s strategy by adding cryogenic services to its portfolio, with preliminary purchase price allocations for intangible assets, PPE, and associated goodwill.

    Cook Medical's Reproductive Health Business

    2022

    Acquired in 2022 for a total consideration of $875 million (structured with an upfront cash payment and deferred installments), this deal bolsters CooperSurgical’s international fertility presence and labor/delivery portfolio while expecting earnings accretion.

    Generate Life Sciences

    2022

    Acquired on December 17, 2021 (reported in the 2022 timeline) for approximately $1.663 billion, this transaction—funded by a senior unsecured term loan and cash—expanded CooperSurgical’s offerings in donor gametes, fertility cryopreservation, and newborn stem cell storage, and introduced substantial goodwill and long-term customer relationships.

    No recent press releases or 8-K filings found for COO.