The Cooper Companies Announces Third Quarter 2012 Results

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.

THE COOPER COMPANIES, INC. AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(In thousands)
(Unaudited)
	July 31,	October 31,
	2012	2011
ASSETS
Current assets:
Cash and cash equivalents	$12,732	$5,175
Trade receivables, net	228,593	214,779
Inventories	301,686	253,584
Deferred tax assets	37,140	33,684
Other current assets	47,955	33,125
Total current assets	628,106	540,347
Property, plant and equipment, net	617,615	609,205
Goodwill	1,360,504	1,276,567
Other intangibles, net	220,347	128,341
Deferred tax assets	12,443	21,828
Other assets	44,903	48,230
	$2,883,918	$2,624,518
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term debt	$25,858	$52,979
Other current liabilities	206,217	214,227
Total current liabilities	232,075	267,206
Long-term debt	454,225	327,453
Deferred tax liabilities	30,748	20,127
Other liabilities	70,224	72,244
Total liabilities	787,272	687,030
Stockholders' equity	2,096,646	1,937,488
	$2,883,918	$2,624,518

THE COOPER COMPANIES, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(In thousands, except earnings per share amounts)
(Unaudited)
	Three Months Ended		Nine Months Ended
	July 31 ,		July 31,
	2012	2011	2012	2011
Net sales	$378,186	$351,396	$1,048,835	$969,926
Cost of sales	138,089	148,594	377,589	388,755
Gross profit	240,097	202,802	671,246	581,171
Selling, general and administrative expense	143,830	133,617	412,540	373,453
Research and development expense	13,156	11,725	37,611	31,843
Amortization of intangibles	5,861	5,493	16,677	14,940
Operating income	77,250	51,967	204,418	160,935
Interest expense	2,315	3,217	9,049	14,436
Loss on extinguishment of debt	1,404	-	1,404	16,487
Other (expense) income, net	(2,223)	386	(1,230)	(128)
Income before income taxes	71,308	49,136	192,735	129,884
Provision for income taxes	4,433	4,919	16,316	11,092
Net income	$66,875	$44,217	$176,419	$118,792
Diluted earnings per share	$1.36	$0.90	$3.60	$2.46
Number of shares used to compute earnings
per share	49,302	49,009	49,069	48,362

Soft Contact Lens Revenue Update

Worldwide Market vs. CooperVision (Constant Currency)

The data below is extracted from a compilation of industry participants' revenue by the Contact Lens Institute (CLI), an independent market research firm. This data is compiled using gross product sales at foreign exchange rates set by CLI. It therefore excludes items such as discounts, rebates, currency hedges and freight reimbursements.

Worldwide Manufacturers' Soft Contact Lens Revenue
(U.S. dollars in millions; constant currency; unaudited)
	Calendar 2Q12			Trailing Twelve Months 2012
		Market	CVI		Market	CVI
	Market	Change	Change	Market	Change	Change
Sales by Category
Spheres	$ 1,397	4%	7%	$ 5,430	3%	7%
Torics	348	8%	10%	1,358	9%	10%
Multifocal	91	11%	31%	344	10%	21%
WW Soft Contact Lenses	$ 1,836	5%	9%	$ 7,132	5%	9%
Sales by Modality
Single-use	$ 733	10%	14%	$ 2,771	9%	12%
Other	1,103	2%	8%	4,361	2%	8%
WW Soft Contact Lenses	$ 1,836	5%	9%	$ 7,132	5%	9%
Sales by Geography
Americas	$ 711	8%	10%	$ 2,711	7%	9%
EMEA	508	3%	5%	1,965	3%	6%
Asia Pacific	617	3%	16%	2,456	4%	12%
WW Soft Contact Lenses	$ 1,836	5%	9%	$ 7,132	5%	9%
United States	$ 617	8%	9%	$ 2,351	7%	10%
International	1,219	3%	9%	4,781	4%	8%
WW Soft Contact Lenses	$ 1,836	5%	9%	$ 7,132	5%	9%

COO-E

CONTACT: Kim Duncan
         Senior Director, Investor Relations
         925-460-3663
         [e-mail]

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