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Jan 31, 2021
Cooper Q1 2021 Earnings Report
CooperCompanies reported a positive start to fiscal year 2021, marked by revenue growth and strong operational performance.
Key Takeaways
CooperCompanies announced its Q1 2021 financial results, with revenue up 5% year-over-year to $680.5 million. GAAP diluted earnings per share were $42.31, and non-GAAP diluted earnings per share were $3.17, an 18% increase from the previous year. The company initiated fiscal year 2021 guidance, expressing enthusiasm for future prospects.
Revenue increased by 5% year-over-year, reaching $680.5 million.
CooperVision (CVI) revenue increased by 4% to $507.0 million.
CooperSurgical (CSI) revenue increased by 8% to $173.5 million.
Non-GAAP diluted earnings per share increased by 18% to $3.17.
Cooper
Cooper
Cooper Revenue by Segment
Cooper Revenue by Geographic Location
Revenue by Segment
Office & Surgical Revenue
CapyFin.comFertility Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
CooperCompanies provided fiscal year 2021 guidance, with total revenue expected to be between $2,800 and $2,845 million and non-GAAP diluted EPS between $12.90 and $13.10.
Positive Outlook
- Fiscal 2021 total revenue $2,800 - $2,845 million (12% to 14% constant currency)
- CVI revenue $2,090 - $2,120 million (9% to 11% constant currency)
- CSI revenue $710 - $725 million (19% to 22% constant currency)
- Fiscal 2021 non-GAAP diluted EPS $12.90 - $13.10
- Company is enthusiastic about prospects for the remainder of the year, and into the future.
Challenges Ahead
- Resurgences of COVID-19 are viewed as a significant risk factor to the outlook.
- Guidance excludes amortization and impairment of intangible assets.
- Guidance excludes acquisition, integration and manufacturing related costs.
- The company has not reconciled non-GAAP diluted earnings per share guidance to GAAP diluted earnings per share due to the inherent difficulty in forecasting acquisition-related, integration and restructuring charges and expenses.
- Unknown effect, timing and potential significance of such charges and expenses that impact GAAP diluted earnings per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income