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Sales Gains in CooperVision Spur Cooper Companies 2015 Q1 Results

Tuesday, March 10 2015 | 00 h 00 min | Financial News

Reporting the first fiscal quarter ending January 31, 2015, Cooper Companies revenue reached US $445.2 million ($ 562 million CDN) – a 10% increase from the prior year.   CooperVision (CVI) sales increased 13% reaching $ 369.3 million ($466 million CDN).   The strongest growth was shown in the multifocal and single-use sphere categories; growing respectively at +26% and +22% versus the same quarter last year. Multifocal comprised 12% of CVI sales and single-use spheres accounted for 23%.  At $108.5 million ($137 million CDN), sales of toric lenses, CVI’s largest segment, increased 7%.

The Americas (which includes Canadian sales) accountingfor 43% of revenues from CooperVision, also increased revenue by 13%.

View the quarterly report: http://investor.coopercos.com/releasedetail.cfm?ReleaseID=900257

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