January 25, 2015 6:28 AM ET

Healthcare Equipment and Supplies

Company Overview of CooperVision, Inc.

Company Overview

CooperVision, Inc. designs and manufactures contact lenses. The company operates in lenses for astigmatism, presbyopia, and ocular dryness serving practitioners and patients. It offers contact lens materials and optics, that include naturally wettable silicone hydrogel lenses; spherical, toric, and multifocal products; and monthly, two-week, and daily disposable contact lenses. The company was founded in 1979 and is based in Fairport, New York with an additional office in Pleasanton, California. CooperVision, Inc. operates as a subsidiary of The Cooper Companies Inc.

370 Woodcliff Drive

Suite 200

Fairport, NY 14450

United States

Founded in 1958

Phone:

716-385-6810

Fax:

716-889-5688

Key Executives for CooperVision, Inc.

President and Chief Operating Officer
Age: 50
Chief Executive Officer of Cooper Companies
Age: 67
Executive Vice President of Global Commercial Strategy and President of Americas
Age: 60
President of Coopervision US
President of Europe
Compensation as of Fiscal Year 2014.

CooperVision, Inc. Key Developments

CooperVision Launches MyDay Lenses

CooperVision has launched MyDay lenses, daily disposable contact lenses, in Hong Kong. The product has been developed with the company's Smart Silicone chemistry. MyDay lenses offer the optimum mix of features and has proven to deliver a superior lens wearing experience. MyDay incorporates an advanced lens design with a smooth lens surface, rounded edge, providing a more natural feeling as the eyelid glides effortlessly over the lens. MyDay users can expect unparalleled wearing performance, healthier and comfortable lens wear, plus ease of application and removal, all critical factors in keeping users happy with their lenses.

CooperVision Reports Revenue Results for the First Quarter Ended January 31, 2014; Revises Revenue Guidance for the Fiscal Year 2014

CooperVision reported revenue results for the first quarter ended January 31, 2014. For the quarter, the company reported revenue up 8% to $326.3 million, up 14% in constant currency and excluding the divestiture of Aime. For the fiscal year 2014, the company expected revenues to be in the range of $1,365 million to $1,395 million compared to previously expected revenues of $1,355 million to $1,395 million.

CooperVision, Inc. Announces Executive Changes

CooperVision, Inc. announced that John Weber will resign as President and transition to Executive Vice President of the company effective February 1, 2014. On February 1, 2014, Daniel McBride, Chief Operating Officer of The Cooper Companies, Inc. will assume the additional role of President of the company.

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