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TheStreet Open House

The Cooper Companies' CEO Presents At JP Morgan Healthcare Conference (Transcript)

Stocks in this article: COO

The Cooper Companies Inc. ( COO)

JP Morgan Healthcare Conference

January 11, 2012 2:00 PM ET

Executives

Bob Weiss – President and CEO

Analysts

Kim Gailun – JPMorgan

Presentation

Kim Gailun – JPMorgan

Good afternoon. I’m Kim Gailun with the JPMorgan MedTech team. Presenting next, we have The Cooper Companies. And we’re thrilled to have with us today, CEO, Bob Weiss. I just wanted to mention before I turn it over to Bob two items. The first is please turn off all cell phones in the room; and the second is that we will take all questions in the breakout room, which is in the Sussex Room down the hall here to the right. So, Bob?

Bob Weiss

Well, I can tell some of us are on East Coast Time, it’s morning in California, but that’s okay. By the way, my voice has gone a couple times this morning as we had one-on-one meetings. If it does, I’m going to quickly sit down, and Al White will get up and finish my sentence and keep going. So bear with me, but we’ll hope for the best here.

First of all, The Cooper Companies is a New York Stock Exchange company. I’ll let you glance at the forward-looking statements. And obviously anything I say that’s forward looking, it’s covered accordingly. As I indicated, it’s a New York Stock Exchange company. It has revenue of around $1.3 billion. It has two businesses: CooperVision is our contact lens business, soft contact lens business, represents 85% of the overall revenue. The soft contact lens business is approaching $7 billion now, $6.9 billion this year probably. We are the number three player in that market with really four primary players: J&J, VISTAKON, CIBA, Alcon -- part of Novartis, Cooper and Bausch & Lomb.

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