The Cooper Companies, Inc. (NYSE:COO) Q1 2023 Earnings Call Transcript

Al White: Yes, I mean, I might be more conservative than many people on that. But I’m still concerned about patient traffic within the OB/GYN office. We’ve seen some improvements there. But we haven’t seen a lot of improvement there. And I think that might be the case as we roll through this year. Now, I’m not saying that’s absolutely true on all areas of the OB/GYN world, but in the areas where we operate and we compete. That’s true in a lot of those spaces. One of those areas where that’s true would be in the IUD market. We just haven’t seen that foot traffic, if you will, to patient flow, return at the levels that I’ve been hoping. And that’s one of the reasons I was saying that I think at the end of the day, PARAGARD unit volume ends up being relatively flat this year. So that growth comes from price. Again, I hope I’m wrong on that, I hope we see the traffic because that would certainly be upside. But right now, not anticipating that.

Navann Ty: Thanks. And maybe one on Cook, if I may. So if this year quickly required to total of the Cook business you’d like to keep, could you redirect M&A in although woman’s health acquisition?

Al White: What we could, right now, I would say that from a capital perspective, our focus is on paying down debt. I mean, obviously, the Cook transaction is out there, and we’re going to evaluate that Cook transaction and come to a resolution on it. But outside of that, I would say the majority of our focus from a capital perspective right now is on paying down debt.

Navann Ty: Thank you.

Operator: I would now like to turn the call over to Al White, for closing remarks.

Al White: Great. Well, thank you. Thank you, everyone, for your time and for joining the call today. As I mentioned earlier, this is exactly how we wanted to start this fiscal year off on a good basis. So good revenue growth at Vision, good revenue growth at Surgical, efficiencies within the company driving earnings upside and I think we’re well positioned to have a good Q2 to Q4. So I look forward to seeing you guys during the quarter and certainly to our next quarterly conference call. Thank you.

Operator: Thank you ladies, gentlemen. This does conclude today’s call thank you for your participation You may now disconnect.