Padua – Safilo Group communicates that the licensing agreement for the design, manufacturing and worldwide distribution of the Céline collections of sunglasses and optical frames, will run to closure on December 31, 2017. Céline Eyewear joined the Safilo brand portfolio in 2012, and represents today just above 3% of Safilo’s worldwide sales concentrated mainly in Europe and North America.
For the full press release, click HERE.
The Cooper Companies announced financial results for the fiscal fourth quarter and full year ended October 31, 2016. Fourth quarter revenue increased 14% year-over-year to $518.7 million. Fiscal 2016 revenue increased 9% to $1,966.8 million.
Fourth quarter GAAP earnings per share (EPS) $1.23, up 48 cents or 64% from last year’s fourth quarter. Fiscal 2016 GAAP EPS $5.59, up 35% from fiscal 2015. Fourth quarter non-GAAP EPS $2.28, up 28 cents or 14% from last year’s fourth quarter. Fiscal 2016 non-GAAP EPS $8.44, up 13% from fiscal 2015.
Revenue $1,966.8 million, up 9.4% from fiscal 2015, up 7.3% pro forma.
Cash provided by operations $509.6 million and capital expenditures $152.6 million resulted in free cash flow of $357.0 million.
Commenting on the results, Robert S. Weiss, Cooper’s president and chief executive officer said, “I am pleased to report record revenue and free cash flow for the year. We accomplished this through market share gains, a successful push into the 1-Day silicone hydrogel space, growth in our Biofinity® franchise and very strong year in our CooperSurgical business. We enter fiscal 2017 with momentum and are well positioned for sustained growth in each of our businesses going forward.”
Click HERE for the full press release.
You can be tiny but with a strong character… this lovely little frame named Bryan is full of style and super appealing, and it has now become one of Vinyl Factory’s most wanted models… which explains it now comes in a brand new and delightful colour.
Distributed by Optiman Group : www.optimaninc.com
Roselle, IL. – Modern Optical International announces that Chris Millet has been named to its senior management team as Director of Sales Development. In this newly created position, Millet will develop, plan, and execute sales strategies. Millet brings over two decades of optical experience to Modern Optical. In past roles, he served as Chief Operating Officer at Professional Eye Care Associates of America, Inc. and as Regional Sales Manager at Hoya Vision Care.
“We are thrilled to have Chris join our Modern Family,” said Ken Weissman, President of Modern Optical International. “His industry knowledge and extensive professional network will create new opportunities for our growing company.”
For full press release, click HERE.
PINELLAS PARK, Fla. – Transitions Optical, Inc. has named the finalists for its annual Transitions Innovation Awards program, which recognizes both individuals and companies for their innovative efforts to support the Transitions® brand over the past year. The finalists will be honored during Transitions Academy 2017, where the winners will be announced.
2016 Transitions Brand Ambassador
The Transitions Brand Ambassador award celebrates an individual who best showcases their dedication to being an influential advocate of the Transitions brand. The 2016 finalists include:
Best in Training
The Best in Training award celebrates an individual, company or educator that has shown creativity in developing or offering training and education opportunities that include dispensing photochromic lenses, the Transitions brand or Transitions® family of products. The 2016 finalists include:
Best in Patient Experience
The Best in Patient Experience award is presented to an individual or company for developing a forward-thinking approach to consistently dispense Transitions lens products to meet individual patient needs. The 2016 finalists include:
Click HERE for the full press release.
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Learn More The NOW Awards by Vision Expo open global submissions for 2026, inviting eyewear designers and brands worldwide to participate free of charge.
Read more New research reviewed by Université de Montréal optometry professor Langis Michaud outlines evidence-based strategies to slow myopia progression in children and teens.
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