Record Earnings and Free Cash Flow
The company reported its eighth consecutive quarter of beating consensus earnings expectations. For Q4, free cash flow was $150 million, beating expectations, and fiscal 2026 to 2028 free cash flow target was raised to more than $2.2 billion.
Strong Performance in CooperVision
CooperVision reported revenue of $710 million, up 4.9% or 3.2% organically. MyDay performed well with double-digit growth, and MiSight achieved strong growth of 37%.
Share Repurchase and Capital Return
The company repurchased nearly $200 million of stock in fiscal Q4, totaling almost $300 million for the fiscal year. The share repurchase plan was increased to $2 billion.
Improved Operating Margins
Operating margins improved significantly, with non-GAAP earnings growing 11% to $1.15.