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6140 Stoneridge Mall Road CONTACT: Suite 590 Kim Duncan Pleasanton, CA 94588 Senior Director, Investor Relations 925-460-3663 ir@cooperco.com www.coopercos.com THE COOPER COMPANIES ANNOUNCES FIRST QUARTER 20

Key Takeaway: NEWS RELEASE 6140 Stoneridge Mall Road CONTACT: Suite 590 Kim Duncan Pleasanton, CA 94588 Senior Director, Investor Relations 925-460-3663 ir@cooperco.com www.coopercos.com THE COOPER COMPANIES ANNOUNCES FIRST QUARTER 2013 RESULTS PLEASANTON, Calif., March 7, 2013 The C

Full Press Release Details

NEWS RELEASE
6140 Stoneridge Mall Road
CONTACT: Suite 590
Kim Duncan Pleasanton, CA 94588
Senior Director, Investor Relations 925-460-3663
ir@cooperco.com www.coopercos.com
THE COOPER COMPANIES ANNOUNCES FIRST QUARTER 2013 RESULTS
PLEASANTON, Calif., March 7, 2013 The Cooper Companies, Inc. (NYSE: COO) today announced financial results for the fiscal first quarter ended January 31, 2013.
Commenting on the results, Robert S. Weiss, Cooper s president and chief executive officer said,
We began fiscal 2013 with a very solid first quarter. Revenues grew nicely with CVI continuing to show strong Biofinity growth and CSI posting strong growth in the fertility category. Our investment strategies are continuing to prove positive as indicated by our market share
gains, and we remain optimistic about the future.
First Quarter GAAP Operating Highlights
First Quarter CooperVision GAAP Operating Highlights
(In millions) 1Q13 % of CVI Revenue 1Q13 %chg y/y Constant Currency %chg y/y
Toric $ 91.6 30 % 12 % 13 %
Multifocal 27.2 9 % 31 % 31 %
Single-use sphere 65.5 22 % 8 % 13 %
Non single-use sphere, other 117.1 39 % 11 % 12 %
Total $ 301.4 100 % 12 % 14 %
(In millions) 1Q13 % of CVI Revenue 1Q13 %chg y/y Constant Currency %chg y/y
Americas $ 125.0 41 % 18 % 18 %
EMEA 101.9 34 % 7 % 7 %
Asia Pacific 74.5 25 % 10 % 17 %
Total $ 301.4 100 % 12 % 14 %
(In millions) 1Q13 % of CVI Revenue 1Q13 %chg y/y Constant Currency %chg y/y
Silicone hydrogel $ 119.6 40 % 38 % 38 %
Proclear $ 75.5 25 % 7 % 8 %
First Quarter CooperSurgical GAAP Operating Highlights
(In millions) 1Q13 % of CSI Revenue 1Q13 %chg y/y
Office, other $ 29.5 38 % -3 %
Surgical procedures 24.9 32 % 9 %
Fertility 24.0 30 % 535 %
Total $ 78.4 100 % 37 %
The Company revises its full year fiscal 2013 guidance. Guidance is summarized as follows:
FY13 Guidance Old FY13 Guidance New
Revenues (In millions)
Total $ 1,565-$1,625 $ 1,575-$1,625
CVI $ 1,250-$1,290 $ 1,260-$1,290
CSI $ 315-$335 $ 315-$335
EPS
GAAP $ 5.90-$6.10 $ 6.22-$6.37
Non-GAAP $ 5.90-$6.10 $ 5.95-$6.10
Free Cash Flow (In millions) $ 210-$230 $ 170-$200
Guidance assumes constant currency at the date of issuance.
Reconciliation of Non-GAAP EPS to GAAP EPS
To supplement our financial results presented
on a GAAP basis, we use non-GAAP measures that we believe are helpful in understanding our results. The non-GAAP measures exclude insurance proceeds related to a business interruption claim and costs related to acquisitions. Our non-GAAP
financial results and guidance are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements and guidance prepared in accordance with
GAAP. Management uses supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the factors management uses in planning and
forecasting for future periods.
In the fiscal first quarter of 2013, our non-GAAP results exclude $0.6 million of costs related to the
acquisition of Origio recorded in selling, general and administrative expense and $14.1 million in business interruption insurance proceeds.
We also report revenue growth using the non-GAAP financial measure of constant currency revenue. Management presents and refers to constant currency
information so that revenue results may be evaluated excluding the effect of foreign currency rate fluctuations. To present this information, current period revenue for entities reporting in currencies other than United States dollars are
converted into United States dollars at the average foreign exchange rates for the corresponding period in the prior year.
Three Months Ended January 31,
2013 GAAP Adjustments 2013 Non-GAAP
Operating income $ 68,821 $ 625 $ 69,446
Income before income taxes $ 80,976 $ (13,459 ) $ 67,517
Provision for income taxes $ 6,041 $ 171 $ 6,212
Net income attributable to Cooper stockholders $ 74,667 $ (13,629 ) $ 61,038
Diluted EPS attributable to Cooper stockholders $ 1.50 $ (0.27 ) $ 1.23
Fiscal 2013 EPS Guidance
2013 GAAP Adjustments 2013 Non-GAAP
Diluted EPS $ 6.22-$6.37 $ (0.27 ) $ 5.95-$6.10
Conference Call and Webcast
The Company will host a conference call today at 5:00 PM ET to discuss its fiscal first quarter 2013 financial results and current corporate developments. The dial in number in the United States is
+1-800-510-9834 and outside the United States is +1-617-614-3669. The passcode is 41618260. There will be a replay available approximately two hours after the call ends until Thursday, March 14, 2013. The replay number in the United States is
+1-888-286-8010 and outside the United States is +1-617-801-6888. The replay passcode is 40340337. This call will also be broadcast live at http://investor.coopercos.com and a transcript will be available following the conference call.
About The Cooper Companies
The Cooper Companies, Inc. ( Cooper ) is a global medical device company publicly traded on the NYSE Euronext (NYSE:COO). Cooper is dedicated to
being A Quality of Life Company with a focus on delivering shareholder value. Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision brings a refreshing perspective on vision care with a commitment to
crafting a wide range of high-quality products for contact lens wearers and providing focused practitioner support. CooperSurgical focuses on supplying women s health clinicians with market-leading products and treatment options to improve the
delivery of healthcare to women. Headquartered in Pleasanton, CA, Cooper has approximately 7,800 employees with products sold in over 100 countries. For more information, please visit www.coopercos.com.
Forward-Looking Statements
release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Statements relating to guidance, plans, prospects, goals, strategies, future actions, events or performance and other
statements which are other than statements of historical fact, including our 2013 Guidance and all statements regarding anticipated growth in our revenue, expected results of operations and integration of any acquisition are forward-looking. To
identify these statements look for words like believes, expects, may, will, should, could, seeks, intends, plans, estimates or
anticipates and similar words or phrases. Forward-looking statements necessarily depend on assumptions, data or methods that may be incorrect or imprecise and are subject to risks and uncertainties.
Among the factors that could cause our actual results and future actions to differ materially from those
described in forward-looking statements are: adverse changes in the global or regional general business, political and economic conditions due to the current global economic downturn, including the impact of continuing uncertainty and instability of
certain European Union countries that could adversely affect our global markets; foreign currency exchange rate and interest rate fluctuations including the risk of further declines in the value of the yen and the euro that would decrease our
revenues and earnings; acquisition integration delays or costs or the requirement to record significant adjustments to the preliminary fair value of assets acquired and liabilities assumed within the measurement period; reduced sales, loss of
customers and costs and expenses related to the recall of certain lots of Avaira Toric and Avaira Sphere contact lenses; a major disruption in the operations of our manufacturing, research and development or distribution facilities due to
technological problems, natural disasters or other causes; disruptions in supplies of raw materials, particularly components used to manufacture our silicone hydrogel lenses; legal costs, insurance expenses, settlement costs and the risk of an
adverse decision or settlement related to product liability, patent or other litigation; limitations on sales following new product introductions due to poor market acceptance; new competitors, product innovations or technologies; the impact of
acquisitions or divestitures on revenues, earnings or margins; the requirement to provide for a significant liability or to write off, or accelerate depreciation on, a significant asset, including goodwill; changes in United States and foreign
government regulations of the retail optical industry and of the healthcare industry generally; changes in tax laws or their interpretation and changes in effective tax rates; dilution to earnings per share from acquisitions or issuing stock and
other events described in our Securities and Exchange Commission filings, including the Business and Risk Factors sections in the Company s Annual Report on Form 10-K for the fiscal year ended October 31, 2012, as
such Risk Factors may be updated in quarterly filings.
We caution investors that forward-looking statements reflect our analysis only on their
stated date. We disclaim any intent to update them except as required by law.
THE COOPER COMPANIES, INC. AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
January 31, 2013 October 31, 2012
ASSETS
Current assets:
Cash and cash equivalents $ 14,445 $ 12,840
Trade receivables, net 241,168 234,297
Inventories 325,394 320,199
Deferred tax assets 33,972 39,417
Other current assets 65,869 51,107
Total current assets 680,848 657,860
Property, plant and equipment, net 636,999 640,255
Goodwill 1,374,504 1,370,247
Other intangibles, net 214,564 214,783
Deferred tax assets 17,074 14,434
Other assets 45,555 43,805
$ 2,969,544 $ 2,941,384
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Short-term debt $ 30,459 $ 25,284
Other current liabilities 195,673 237,268
Total current liabilities 226,132 262,552
Long-term debt 377,512 348,422
Deferred tax liabilities 30,339 30,971
Other liabilities 86,013 86,281
Total liabilities 719,996 728,226
Total Cooper stockholders equity 2,232,062 2,192,751
Noncontrolling interests 17,486 20,407
Stockholders equity 2,249,548 2,213,158
$ 2,969,544 $ 2,941,384
THE COOPER COMPANIES, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(In thousands, except earnings per share amounts)
Three Months Ended January 31,
2013 2012
Net sales $ 379,839 $ 326,060
Cost of sales 139,341 115,607
Gross profit 240,498 210,453
Selling, general and administrative expense 150,653 131,748
Research and development expense 13,653 11,425
Amortization of intangibles 7,371 5,552
Operating income 68,821 61,728
Interest expense 2,567 3,662
Gain on insurance proceeds 14,084
Other income, net 638 681
Income before income taxes 80,976 58,747
Provision for income taxes 6,041 4,124
Net income 74,935 54,623
Less: Income attributable to noncontrolling interests 268
Net income attributable to Cooper stockholders $ 74,667 $ 54,623
Diluted earnings per share attributable to Cooper stockholders $ 1.50 $ 1.12
Number of shares used to compute earnings per share attributable to Cooper stockholders 49,633 48,792
Soft Contact Lens Revenue Update
Worldwide Market vs. CooperVision (Constant Currency)
The data below is extracted from a
compilation of industry participants revenue by the Contact Lens Institute (CLI), an independent market research firm. This data is compiled using gross product sales at foreign exchange rates set by CLI. It therefore excludes items such
as discounts, rebates, currency hedges and freight reimbursements.
Worldwide Manufacturers Soft Contact Lens Revenue
(U.S. dollars in millions; constant currency; unaudited)
Calendar 4Q12 Calendar 2012
Market Market Change CVI Change Market Market Change CVI Change
Sales by Category
Spheres $ 1,356 4 % 8 % $ 5,535 4 % 9 %
Torics 330 5 % 8 % 1,397 8 % 10 %
Multifocal 92 9 % 32 % 359 11 % 34 %
WW Soft Contact Lenses $ 1,778 5 % 10 % $ 7,291 5 % 11 %
Sales by Modality
Single-use $ 733 10 % 19 % $ 2,908 10 % 16 %
Other 1,045 1 % 7 % 4,383 2 % 9 %
WW Soft Contact Lenses $ 1,778 5 % 10 % $ 7,291 5 % 11 %
Sales by Geography
Americas $ 644 5 % 7 % $ 2,794 8 % 11 %
EMEA 488 2 % 6 % 1,985 2 % 7 %
Asia Pacific 646 6 % 22 % 2,512 4 % 17 %
WW Soft Contact Lenses $ 1,778 5 % 10 % $ 7,291 5 % 11 %
United States $ 548 5 % 5 % $ 2,417 8 % 11 %
International 1,230 5 % 13 % 4,874 4 % 11 %
WW Soft Contact Lenses $ 1,778 5 % 10 % $ 7,291 5 % 11 %
Last updated: Mar 7, 2013