NASDAQ$COO

The Cooper Companies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

CooperCompanies announced its financial results for the fourth quarter and full year of 2020.

CooperCompanies reported a decrease in revenue by 1% year-over-year to $681.6 million. The GAAP diluted EPS was $1.64, a decrease of 32% from the previous year's fourth quarter, while the non-GAAP diluted EPS was $3.16, down by 4%.

  • Fourth quarter revenue decreased 1% year-over-year to $681.6 million.
  • CooperVision (CVI) revenue was down 1% to $506.3 million.
  • CooperSurgical (CSI) revenue was down 4% to $175.3 million.
  • Fourth quarter GAAP diluted earnings per share (EPS) was $1.64, down 32% from last year's fourth quarter.

Headline financials

Total Revenue

$682M

Previous: $692M-1.4%
EPS (adj)

$0.79

Previous: $0.83-4.8%
GAAP Gross Margin

62.0%

Previous: 66.0%-6.1%
GAAP Operating Margin

15.0%

Previous: 21.0%-28.6%
Capital Expenditures

$107M

Previous: $84.8M+26.2%
Free Cash Flow

$111M

Previous: $115M-3.3%
Net Income

$81.2M

Previous: $121M-32.9%
Operating Income

$100M

Previous: $147M-31.7%
Gross Profit

$424M

Previous: $455M-6.8%
Cash & Equivalents

$116M

Previous: $89M+30.2%
Total Assets

$6.74B

Previous: $6.27B+7.4%
Stock-Based Comp

$37.6M

Previous: $35.1M+7.1%

Revenue & EPS history

Cooper · Revenue · Quarterly

$682M

Q4 2020-1.4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Cooper · $175M total across 2 segments · Q4 2020

  • Office and Surgical
    $109M-5.0%
  • Fertility
    $66.2M-1.9%

Forward guidance

Given the uncertain scope and duration of the ongoing COVID-19 pandemic, the company is unable to provide formal financial guidance for fiscal year 2021. Fiscal first quarter 2021 guidance is summarized as follows:

Tailwinds

  • Fiscal first quarter 2021 total revenue $642 - $670 million (down 3% to up 2% constant currency)
  • CVI revenue $482 - $502 million (down 3% to up 1% constant currency)
  • CSI revenue $160 - $168 million (down 1% to up 4% constant currency)
  • Fiscal first quarter 2021 non-GAAP diluted earnings per share $2.66 - $2.86

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.1%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+12.1%

Q3 2024

Best reaction

-12.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-8.0%-12.5%
Q4 2025-4.3%+4.8%+5.3%
Q3 2025-12.8%-11.8%-8.9%
Q2 2025+0.0%-0.3%+3.6%
Q1 2025-6.6%-13.1%-18.9%
Q4 2024-6.0%-5.6%-12.6%
Q3 2024+12.1%+12.1%+16.4%
Q2 2024+3.5%+3.8%-4.2%
Q1 2024+8.1%+7.3%+7.4%
Q4 2023-2.2%-0.7%+6.8%
Q3 2023-2.1%-3.5%-15.9%
Q2 2023-4.0%-5.1%+3.2%
Q1 2023+8.7%+3.9%+15.4%
Q4 2022-1.6%+4.8%+9.7%
Q3 2022+4.1%+2.5%-8.5%
Q2 2022-0.3%+1.3%-7.2%
Q1 2022+2.1%-8.5%+3.1%
Q4 2021+4.8%+8.7%+12.2%
Q3 2021+1.1%-0.7%-7.6%
Q2 2021-0.7%-3.2%+6.0%
Q1 2021+1.8%+0.3%+1.1%
Q4 2020+3.3%+3.3%+8.6%
Q3 2020+2.0%+0.3%+5.7%
Q2 2020-0.2%-5.0%-9.1%
Q1 2020-1.3%-0.9%-17.3%
Q4 2019-1.6%-2.4%+3.3%
Q3 2019-3.5%-6.7%-8.3%
Q2 2019+4.5%+9.0%+18.2%
Q1 2019-1.8%+0.1%+1.0%
Q4 2018-11.6%-7.3%-10.4%
Q3 2018-3.7%-3.4%+4.3%
Q2 2018+1.4%-0.4%+6.0%
Q1 2018+2.1%-3.8%-11.5%
Q4 2017-3.2%-1.9%-1.5%
Q3 2017-4.0%-2.5%-3.7%
Q2 2017+8.9%+10.5%+9.4%
Q1 2017-3.1%-3.6%-0.4%
Q4 2016+1.3%+4.1%+5.2%
Q3 2016+0.0%+1.3%-3.6%
Q2 2016-0.1%-0.4%+7.1%
Q1 2016+6.4%
Q4 2015-12.8%
Q3 2015-7.1%
Q2 2015-5.1%
Q1 2015+9.7%
Q4 2014-4.4%
Q3 2014+0.7%
Q2 2014+1.7%
Q1 2014+4.3%
Q4 2013-4.6%
Q3 2013-1.8%
Q2 2013+8.1%
Q1 2013+2.5%
Q4 2012+1.0%
Q3 2012+10.3%
Q2 2012-4.1%
Q1 2012+2.8%
Q4 2008+2.8%
Q4 2011+2.8%
Q3 2011-1.8%
Q2 2011+1.4%
Q2 2010+1.4%
Q1 2010+8.9%
Q1 2011+1.0%
Q4 2010-1.5%
Q3 2010+5.8%
Q3 2009+5.8%
Q4 2009+5.8%

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