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21062 Bake Parkway, Suite 2000
NEWS RELEASE Lake Forest, CA 92630
888-822-2660
CONTACT: Fax: 949-597-0662
Norris Battin
The Cooper Companies, Inc.
ir@coopercompanies.com
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FOR IMMEDIATE RELEASE
COOPER EXPECTS TO EXCEED FIRST QUARTER REVENUE
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AND EARNINGS PER SHARE ESTIMATES
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LAKE FOREST, Calif., January 30, 2003 -- The Cooper Companies, Inc. (NYSE:COO)
said today that it expects to exceed its revenue and earnings per share
estimates for its fiscal first quarter ending January 31, 2003.
Cooper now expects first quarter revenue will exceed its previously published
range of $86 million to $90 million, driven by mid-teens organic growth from its
CooperVision contact lens unit.
Cooper also anticipates that its earnings per share will exceed the previously
published range of 39 to 42 cents.
Forward-Looking Statements
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Some of the information included in this news release contains "forward-looking
statements" as defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements regarding anticipated growth
in our revenue, anticipated market conditions and results of operations. To
identify forward-looking statements, look for words like "believes," "expects,"
"may," "will," "should," "seeks," "intends," "plans," "estimates" or
"anticipates" and similar words or phrases. Discussions of strategy, plans or
intentions often contain forward-looking statements. These, and all
forward-looking statements, necessarily depend on assumptions, data or methods
that may be incorrect or imprecise.
Events, among others, that could cause actual results and future actions to
differ materially from those described in forward-looking statements include
major changes in business conditions, a major disruption in the operations of
our manufacturing facilities, new competitors or technologies, significant
delays in new product introductions, the impact of an undetected virus on our
computer systems, acquisition integration delays or costs, increases in interest
rates, foreign currency exchange exposure, investments in research and
development and other start-up projects, dilution to earnings per share from
acquisitions or issuing stock, regulatory issues, cost of complying with
new corporate governance regulatory requirements, changes in tax laws, changes
in geographic profit mix effecting tax rates, significant environmental cleanup
costs above those already accrued, litigation costs including any related
settlements or judgments, cost of business divestitures, the requirement to
provide for a significant liability or to write off a significant asset, changes
in accounting principles or estimates, and other factors described in our
Securities and Exchange Commission filings, including the "Business" section in
our Annual Report on Form 10-K for the year ended October 31, 2002. We caution
investors that forward-looking statements reflect our analysis only on their
stated date. We disclaim any intent to update them except as required by law.
Corporate Information
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The Cooper Companies, Inc. and its subsidiaries develop, manufacture and market
specialty healthcare products. Corporate offices are located in Lake Forest and
Pleasanton, Calif. A toll free interactive telephone system at 1-800-334-1986
provides stock quotes, recent press releases and financial data. The Cooper
Companies' World Wide Web address is www.coopercos.com.
CooperVision, Inc., markets a broad range of contact lenses for the vision care
market. Headquartered in Lake Forest, Calif., it manufactures in Huntington
Beach, Calif., Rochester, N.Y., Norfolk, Va., Adelaide, Australia, Farnborough
and Hamble, England, Madrid, Spain and Toronto. Its Web address is
www.coopervision.com.
CooperSurgical, Inc., with operations in., Bedminster, N.J., Cranford, N.J.,
Fort Atkinson, Wis., Trumbull, Conn., Malmo, Sweden, Montreal and Berlin,
markets diagnostic products, surgical instruments and accessories for the
gynecological market. Its Web address is www.coopersurgical.com.
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