CooperCompanies delivered 8% (5% organic) and 26% revenue and adjusted EPS growth, respectively, during the second fiscal quarter. Both figures landed ahead of FactSet consensus. Shares are trading sideways after hours.
Cooper is one of the leading visioncare companies in the world with a proven record of successful product development. Recent innovations like MiSight widen Cooper's end market and fuel the firm's future growth trajectory.
Bears
While the contact lens market share has been stable, lagging research and innovation could start to chip away at Cooper's presence in the space.
CooperCompanies is one of the largest eyecare companies in the US. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business with a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and Clariti, Cooper controls roughly one fourth of the US contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women’s care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the US, and controls 17% of the US IUD market.