Third-quarter revenue increased 10% year-over-year to $930.2 million; CooperVision and CooperSurgical revenues rose 11% and 8% respectivelyNet income declined to $85.3 million or $1.71 per share in the July quarter from $98.4 million or $1.98 per share a year earlierGross margin was 66% during the three-month period, up from 65% in last year’s third quarter; adjusted gross margin was 66%Operating margin decreased to 16% in Q3 from 17% in the comparable period of 2022; adjusted operating margin was 24%Interest expense came in at $26.8 million, up from $17.1 million reported a year earlierOperating cash flow totaled $142.5 million; adjusted for capital expenditures of $90.9 million, free cash flow was $51.6 million
The post Earnings Summary: Here’s how CooperCompanies (COO) performed in Q3 2023 first appeared on AlphaStreet.
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