The Cooper Companies Sees Q4 EPS $0.98-$1.01 Vs $0.96 Est.; Revenue $1.015B-$1.036B Vs $1.01B Est. FY25 EPS $3.64-$3.67 Vs $3.57 Est.; Revenue $3.892B-$3.913B Vs $3.89B Est.

Author: Benzinga Newsdesk | August 28, 2024 04:18pm

Fiscal Year 2024 Financial Guidance

The Company raised its fiscal year 2024 financial guidance. Details are summarized as follows:

• Fiscal 2024 total revenue of $3,892 - $3,913 million (organic growth of 8% to 8.5%)
  • CVI revenue of $2,606 - $2,618 million (organic growth of 9% to 9.5%)
  • CSI revenue of $1,286 - $1,294 million (organic growth of 5.5% to 6.5%)
• Fiscal 2024 non-GAAP diluted EPS of $3.64- $3.67
• Fiscal fourth quarter 2024 total revenue of $1,015 - $1,036 million (organic growth of 7% to 9.5%)
  • CVI revenue of $673 - $685 million (organic growth of 8% to 10%)
  • CSI revenue of $342 - $350 million (organic growth of 6% to 8%)
• Fiscal fourth quarter 2024 non-GAAP diluted EPS of $0.98 to $1.01

Non-GAAP diluted earnings per share guidance excludes amortization and impairment of intangible assets, and certain income or gains and charges or expenses including acquisition and integration costs which we may incur as part of our continuing operations.

With respect to the Company's guidance expectations, the Company has not reconciled non-GAAP diluted earnings per share guidance to GAAP diluted earnings per share due to the inherent difficulty in forecasting acquisition-related, integration and restructuring charges and expenses, which are reconciling items between the non-GAAP and GAAP measure. Due to the unknown effect, timing and potential significance of such charges and expenses that impact GAAP diluted earnings per share, the Company is not able to provide such guidance.

Posted In: COO