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Oct 31, 2021
Cooper Q4 2021 Earnings Report
CooperCompanies reported an increase in revenue and earnings for the fourth quarter of 2021.
Key Takeaways
CooperCompanies announced strong Q4 and full-year 2021 results, with Q4 revenue up 11% year-over-year to $759.1 million and GAAP EPS up 35% to $2.21. The company achieved record annual revenue, profits, and cash flow, driven by market share gains in contact lenses and fertility.
Fourth quarter revenue increased 11% year-over-year to $759.1 million.
Fourth quarter GAAP diluted earnings per share (EPS) $2.21, up 35% from last year's fourth quarter.
Fourth quarter Non-GAAP diluted EPS $3.28, up 4% from last year's fourth quarter.
Gross margin 66% compared with 62% in last year’s fourth quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CooperCompanies provided fiscal year 2022 guidance, with total revenue expected to be between $3,032 and $3,090 million and non-GAAP diluted earnings per share between $13.60 and $14.00. This guidance does not include the Generate Life Sciences acquisition.
Positive Outlook
- Fiscal 2022 total revenue $3,032 - $3,090 million (up 6% to 8% in constant currency)
- CVI revenue $2,225 - $2,267 million (up 6% to 8% in constant currency)
- CSI revenue $807 - $823 million (up 6% to 8% in constant currency)
- Fiscal 2022 non-GAAP diluted earnings per share $13.60 - $14.00 (up 9.5% to 12.5% in constant currency)
- Company is well positioned to continue executing on our growth strategies across both businesses
Challenges Ahead
- Our fiscal year 2022 guidance does not include the Generate Life Sciences acquisition announced on November 10th, 2021.
- Excludes amortization and impairment of intangible assets, and other exceptional or unusual income or gains and charges or expenses including acquisition, integration and manufacturing related costs which we may incur as part of our continuing operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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