What changed
CooperCompanies posted Q3 FY26 adjusted EPS of $1.15, beating consensus of $1.12 by $0.03 (+2.7%), on revenue of $1,066M (+0.6% YoY). Management guided Q4 FY26 adjusted EPS to $1.05-$1.09 and FY2026 adjusted EPS to $4.51-$4.55. The quarter's headline GAAP print was inflated by a $307.2M discrete tax benefit from a favorable U.K. tax examination, while the top line was weighed down by a proactive reduction of U.S. channel inventory at CooperVision that management says will continue to impact Q4.
Why it matters
CooperCompanies posted Q3 FY26 adjusted EPS of $1.15, beating consensus of $1.12 by $0.03 (+2.7%), on revenue of $1,066M (+0.6% YoY). Management guided Q4 FY26 adjusted EPS to $1.05-$1.09 and FY2026 a