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库珀医疗CooperCompanies(COO)2025财年第四季度及全年财报电话会议纪要「NYSE」(英文版)(18页).pdf

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1、LSEG STREETEVENTSEDITED TRANSCRIPTCOO.OQ-Q4 2025 Cooper Companies Inc Earnings CallEVENT DATE/TIME:DECEMBER 04,2025/10:00PM GMTOVERVIEW:Company SummaryLSEG STREETEVENTS|Contact Us2025 LSEG.All rights reserved.Republication or redistribution of LSEG content,including by framing or similar means,is pr

2、ohibited without the prior writtenconsent of LSEG.LSEG and the LSEG logo are registered trademarks of LSEG and its affiliated companies.CORPORATE PARTICIPANTSKim Duncan Cooper Companies Inc-Vice President-Investor Relations and Risk ManagementAlbert White Cooper Companies Inc-President,Chief Executi

3、ve OfficerBrian Andrews Cooper Companies Inc-Executive Vice President,Chief Financial Officer,TreasurerCONFERENCE CALL PARTICIPANTSJeffrey Johnson Robert W.Baird&Co Inc-Senior Research AnalystLarry Biegelsen Wells Fargo Securities LLC-AnalystJonathan Block Stifel,Nicolaus&Company Inc-AnalystLilia-Ce

4、line Lozada JPMorgan Chase&Co-AnalystJason Bednar Piper Jaffray Inc-Senior Research AnalystTravis Steed Bofa Merrill Lynch Asset Holdings Inc-AnalystMatt Miksic Barclays Services Corp-AnalystDavid Saxon Needham&Company LLC-Equity AnalystYoung Li Jefferies LLC-AnalystNavann Ty Exane Bnp Paribas-Analy

5、stBrett Fishbin KeyBanc Capital Markets Inc-Equity AnalystDavid Roman Goldman Sachs Group Inc-AnalystAnthony Petrone Mizuho Securities USA LLC-AnalystPRESENTATIONOperatorLadies and gentlemen,thank you for standing by.At this time,I would like to welcome everyone to the fourth-quarter 2025 CooperComp

6、aniesearnings conference call.(Operator Instructions)I would now like to turn the conference over to Kim Duncan,VP of Investor Relations and Risk Management.You may begin.Kim Duncan-Cooper Companies Inc-Vice President-Investor Relations and Risk ManagementGood afternoon,and welcome to CooperCompanie

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1. **业绩表现**:Q4营收10.65亿美元(同比+4.6%,有机+3.4%),非GAAP EPS 1.15美元(同比+11%),自由现金流1.5亿美元,超预期。 2. **战略重点**:加速CooperVision的MyDay隐形眼镜全球推广(双位数增长),目标2026财年营收增长4.5%-5.5%;2026-2028年自由现金流目标超22亿美元。 3. **资本回报**:Q4回购1973万美元股票,全年近3亿美元;2026年计划将约2/3自由现金流用于回购,其余偿债。 4. **业务动态**:CooperSurgical营收3.56亿美元(同比+4%),PARAGARD增长16%;启动战略评估,探索股东价值最大化方案。 5. **风险提示**:关税和产品组合拖累毛利率(Q4毛利率66.2%),中国电商渠道低增长影响亚太业务。
**战略 review 有何进展?** **MyDay 增长动力何在?** **现金流如何提升?**
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