COOPER COMPANIES, INC. 10-Q

Financial Statements (unaudited)

Item 1. Unaudited Financial Statements THE COOPER COMPANIES, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Income and Comprehensive Income Periods Ended July 31, (In millions, except per share amounts) (Unaudited) Three Months Nine Months 2026 2025 2026 2025 Net sales $ 1,066.2 $ 1,060.3 $ 3,171.8 $ 3,027.3 Cost of sales 354.3 368.3 1,029.3 996.0 Gross profit 711.9 692.0 2,142.5 2,031.3 Selling, general and administrative expense 401.3 421.7 1,467.7 1,208.6 Research and development expense 41.6 44.6 128.4 130.8 Amortization of intangibles 47.0 50.0 142.6 149.4 Operating income 222.0 175.7 403.8 542.5 Interest expense 21.5 25.4 64.8 75.6 Other (income) expense, net ( 1.3 ) ( 1.6 ) ( 6.6 ) 17.2 Income before income taxes 201.8 151.9 345.6 449.7 Provision for income taxes (Note 5) ( 231.0 ) 53.6 ( 140.1 ) 159.4 Net income $ 432.8 $ 98.3 $ 485.7 $ 290.3 Earnings per share (Note 6): Basic $ 2.24 $ 0.49 $ 2.50 $ 1.45 Diluted $ 2.24 $ 0.49 $ 2.49 $ 1.45 Number of shares used to compute earnings per share: Basic 193.0 199.3 194.6 199.6 Diluted 193.4 200.0 195.2 200.6 Other comprehensive income, net of tax: Cash flow hedges $ ( 1.5 ) $ 3.9 $ ( 5.1 ) $ ( 17.7 ) Foreign currency translation adjustment ( 18.5 ) ( 3.7 ) 28.4 47.3 Comprehensive income $ 412.8 $ 98.5 $ 509.0 $ 319.9 The accompanying notes are an integral part of these Consolidated Condensed Financial Statements. 3 THE COOPER COMPANIES, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets (In millions, except per share data) (Unaudited) July 31, 2026 October 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 154.7 $ 110.6 Trade accounts receivable, net of allowance for credit losses of $ 76.1 at July 31, 2026, and $ 51.9 at October 31, 2025 788.9 829.0 Inventories (Note 2) 911.5 846.0 Prepaid expense and other current assets 426.4 320.8 Total current assets 2,281.5 2,106.4 Property, plant and equipment, net 2,144.9 2,082.0 Goodwill 3,876.3 3,853.4 Other intangibles, net (Note 3) 1,445.9 1,586.3 Deferred tax assets 2,267.9 2,077.5 Other assets 656.9 689.2 Total assets $ 12,673.4 $ 12,394.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt (Note 4) $ 628.1 $ 47.8 Accounts payable 251.2 300.4 Employee compensation and benefits 174.6 210.6 Deferred revenue (Note 2) 129.6 127.9 Accrued litigation liability (Note 9) 316.5 0.7 Other current liabilities 366.6 425