coo-20260430

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________

FORM 10-Q

_____________________________________________________________


☒			Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended April 30, 2026


☐			Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number 1-8597

_____________________________________________________________

The Cooper Companies, Inc.

(Exact name of registrant as specified in its charter)

_____________________________________________________________


Delaware			94-2657368
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

6101 Bollinger Canyon Road, Suite 500,

San Ramon, California 94583

(Address of principal executive offices) (Zip Code)

(925) 460-3600

(Registrant’s telephone number, including area code)

_____________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.10 par value

COO

Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.): Yes ☐ No ☒

On June 1, 2026, 195,030,630 shares of Common Stock, $0.10 par value, were outstanding.

INDEX


		Page No.
PART I.	FINANCIAL INFORMATION

Item 1.	Unaudited Financial Statements

	Consolidated Condensed Statements of Income (Loss) and Comprehensive Income (Loss)	3

	Consolidated Condensed Balance Sheets	4

	Consolidated Condensed Statements of Stockholders' Equity	5

	Consolidated Condensed Statements of Cash Flows	7

	Notes to Consolidated Condensed Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18

Item 3.	Quantitative and Qualitative Disclosure About Market Risk	31

Item 4.	Controls and Procedures	31

PART II.	OTHER INFORMATION

Item 1.	Legal Proceedings	32

Item 1A.	Risk Factors	32

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	32

Item 3.	Defaults Upon Senior Securities	32

Item 4.	Mine Safety Disclosures	33

Item 5.	Other Information	33

Item 6.	Exhibits	34

Signatures		35

PART I. FINANCIAL INFORMATION

Item 1. Unaudited Financial Statements

THE COOPER COMPANIES, INC. AND SUBSIDIARIES

Consolidated Condensed Statements of Income (Loss) and Comprehensive Income (Loss)

Periods Ended April 30,

(In millions, except per share amounts)

(Unaudited)


	Three Months				Six Months
	2026		2025		2026		2025
Net sales	$	1,081.5	$	1,002.3	$	2,105.6	$	1,967.0
Cost of sales	346.1		323.2		675.0		627.7
Gross profit	735.4		679.1		1,430.6		1,339.3
Selling, general and administrative expense	676.2		399.0		1,066.4		786.9
Research and development expense	42.5		45.5		86.8		86.2
Amortization of intangibles	47.7		49.8		95.6		99.4


Operating income (loss)	(31.0)		184.8		181.8		366.8
Interest expense	20.9		24.2		43.3		50.2


Other (income) expense, net	(3.5)		16.1		(5.3)		18.8
Income (loss) before income taxes	(48.4)		144.5		143.8		297.8
Provision for income taxes (Note 5)	29.5		56.8		90.9		105.8
Net income (loss)	$	(77.9)	$	87.7	$	52.9	$	192.0


Earnings (loss) per share (Note 6):
Basic	$	(0.40)	$	0.44	$	0.27	$	0.96
Diluted	$	(0.40)	$	0.44	$	0.27	$	0.96
Number of shares used to compute earnings (loss) per share:
Basic	195.0		199.9		195.4		199.8
Diluted	195.0		200.7		196.1		200.9
Other comprehensive income (loss), net of tax:
Cash flow hedges	$	0.4	$	(19.6)	$	(3.6)	$	(21.6)
Foreign currency translation adjustment	(29.6)		117.7		46.9		51.0




Comprehensive income (loss)	$	(107.1)	$	185.8	$	96.2	$	221.4

The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

THE COOPER COMPANIES, INC. AND SUBSIDIARIES

Consolidated Condensed Balance Sheets

(In millions, except per share data)

(Unaudited)


	April 30, 2026		October 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	138.8	$	110.6
Trade accounts receivable, net of allowance for credit losses of $69.1 at April 30, 2026, and $51.9 at October 31, 2025	809.2		829.0
Inventories (Note 2)	896.4		846.0
Prepaid expense and other current assets	455.4		320.8

Total current assets	2,299.8		2,106.4
Property, plant and equipment, net	2,132.2		2,082.0
Goodwill	3,888.5		3,853.4
Other intangibles, net (Note 3)	1,494.3		1,586.3
Deferred tax assets	1,994.7		2,077.5
Other assets	672.8		689.2
Total assets	$	12,482.3	$	12,394.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt (Note 4)	$	598.9	$	47.8
Accounts payable	233.3		300.4
Employee compensation and benefits	165.9		210.6
Deferred revenue (Note 2)	127.9		127.9
Accrued litigation liability (Note 9)	324.8		0.7
Other current liabilities	353.9		425.4

Total current liabilities	1,804.7