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Medical system maker CooperCompanies (NYSE: COO) introduced monetary outcomes for the fourth quarter of 2023, reporting a rise in revenues and adjusted revenue.
- Fourth quarter income got here in at $927.1 million, which is up 9% year-over-year. Income grew 9% organically
- This fall internet earnings elevated to $84.5 million from $65.6 million within the corresponding interval of 2022
- Earnings, on a per-share foundation, was $1.70 within the October quarter, larger by 29% in comparison with final 12 months
- Adjusted earnings per share, excluding particular gadgets, elevated 26% yearly to $3.47 in This fall
- Adjusted gross margin rose to 67% from 65% final 12 months pushed by higher operational efficiency at each CooperVision and CooperSurgical, and favorable foreign money
- The corporate ended the quarter with an working money circulate of 174.2 million; offset by capital expenditures of $145.0 million, the free money circulate was $29.2 million
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