Cooper Announces Revenue Gains in 2017
The Cooper Companies, Inc. announced financial results for the fiscal fourth quarter and full year ended October 31, 2017. Fourth quarter revenue increased 8% year-over-year to $561.5 million. Fiscal 2017 revenue increased 9% to $2,139.0 million.
For CooperVision, the largest year over year increases in revenue were in toric (8%), and single-use sphere (8%), while the European/Middle East/Africa region saw the largest grown, at 12% year over year.
Commenting on the results, Robert S. Weiss, Cooper’s president and chief executive officer said, “I am pleased to report record revenue, record EPS and record cash flow for the year. We accomplished this through market share gains across all geographies, success with our 1-Day silicone hydrogel and Biofinity® franchises, along with CooperSurgical’s success with its fertility business. We enter fiscal 2018 with momentum and are well positioned for sustained growth in each of our businesses.”
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