0001628280-26-015620
SEC filingThe Cooper Companies, Inc. reported Q1 2026 net sales of $1.02 billion, generating gross profit of $695.2 million and net income of $130.8 million. Operating income was $212.8 million, with operating cash flow of $260.9 million. The company ended the quarter with total assets of $12.42 billion, total liabilities of $4.06 billion, and stockholders' equity of $8.36 billion. Key balance sheet items include cash and equivalents of $124.9 million, inventories of $876.4 million, and total debt (short-term and long-term) of $2.50 billion. The company generated comprehensive income of $203.3 million, which includes foreign currency translation adjustments of $76.5 million. Management concluded that disclosure controls and procedures were effective as of January 31, 2026.
For the first quarter of fiscal 2026 ending January 31, 2026, The Cooper Companies reported net sales of $1.02 billion. The company achieved gross profit of $695.2 million, operating income of $212.8 million, and net income of $130.8 million. Basic and diluted earnings per share were both $1.00. Comprehensive income totaled $203.3 million, which includes foreign currency translation adjustments of $76.5 million. The company generated $260.9 million in operating cash flow and used $102.9 million in investing activities (primarily $102.2 million for property, plant and equipment purchases) and $147.9 million in financing activities (including $92.5 million for common stock repurchases and net debt repayments).
No segment breakdown, geographic mix, or specific growth drivers are disclosed in the provided document content or XBRL data. The analysis is limited to the consolidated financial results showing net sales of $1.02 billion for the quarter.
The company achieved a gross margin of 68.2% ($695.2M gross profit / $1.02B net sales). Operating margin was 20.9% ($212.8M operating income / $1.02B net sales). Cost structure components include cost of sales ($328.9M), selling, general and administrative expenses ($390.2M), research and development expenses ($44.3M), and amortization of intangibles ($47.9M). The effective tax rate was approximately 31.9% ($61.4M provision / $192.2M income before taxes).
Operating activities generated $260.9 million in cash, driven by net income of $130.8 million plus $95.5 million in depreciation and amortization and $43.6 million in deferred income taxes. Free cash flow (operating cash flow minus capital expenditures) was $158.0 million ($260.9M - $102.2M). The balance sheet shows total assets of $12.42 billion, including $2.13 billion in current assets (with $124.9M cash, $807.1M receivables, and $876.4M inventories). Total liabilities are $4.06 billion, with $1.60 billion in current liabilities and $1.88 billion in long-term debt. Stockholders' equity stands at $8.36 billion, resulting in a debt-to-equity ratio of approximately 0.30.
No explicit management guidance, strategic priorities, or forward-looking statements are provided in the document content sections (Item 3 and Item 4) included in this analysis. The company discloses market risk exposures related to foreign currency fluctuations and interest rates. A hypothetical 10% change in foreign currency exchange rates would impact operating income by approximately $34.9 million for the quarter. Interest rate changes of 100 basis points would not have a material impact on quarterly interest expense based on average debt outstanding after considering interest rate swap contracts. Management concluded that disclosure controls and procedures were effective as of January 31, 2026, with no material changes in internal control over financial reporting during the quarter.