Tranche Update on The Cooper Companies, Inc.'s Equity Buyback Plan announced on December 15, 2011.
March 04, 2021 at 04:19 pm EST
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From November 1, 2020 to January 31, 2021, the company has repurchased 69,622 shares, representing 0.14% for $24.83 million. With this, the company has completed the repurchase of 4,469,177 shares, representing 9.21% for $665.23 million under the buyback announced on December 15, 2011.
The Cooper Companies, Inc. is a holding company organized around 2 areas of business:
- manufacturing of contact lenses (67.8% of net sales; CooperVision): spherical lenses (55.3% of net sales), toric lenses (32.9%) and multifocal lenses (11.8%) for the treatment of stigmatism, presbyopia, dryness and ocular fatigue;
- manufacturing of surgical instruments (32.2%; CooperSurgical). The group also offers women's health care services (diagnostic and genetic testing services, fertility enhancement and treatment, etc.).
At the end of October 2022, the group had 10 production sites located in the United States (4), the United Kingdom (2), Puerto Rico, Canada, Costa Rica and Hungary.
Net sales are distributed geographically as follows: the United States (49.5%), Europe (29.8%) and other (20.7%).