Cooper Finishes Fiscal 2018 Strong; Increasing FVE Due to Favorable Outlook for Lens Market
Cooper reported solid fourth-quarter results, with revenue up 16% from last year to over $650 million, bringing full-year revenue to over $2.5 billion, an 18% increase from last year in constant currency. Trade-up trends to dailies and silicone hydrogel show no sign of slowing for Cooper. The firm's share in the dailies market is still underpenetrated at about 17%, indicating room to grow globally. Additionally, Paragard has performed well and driven sustainable margin improvement in Cooper Surg...Cooper Companies is a global medical device company. The company operates through CooperVision and CooperSurgical business units. CooperVision is a manufacturer providing products for contact lens wearers. CooperVision designs its products for astigmatism, presbyopia, myopia, ocular dryness and eye fatigues with a collection of spherical, toric and multifocal contact lenses. CooperVision is engaged in myopia management and specialty eye care markets with products, such as orthokeratology and scleral lenses. CooperSurgical focuses on improving the health of women, babies and families through a portfolio of products and services including medical devices, fertility, diagnostics and contraception.
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