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COOCooper Companies

Health care · Eye Care · Nasdaq
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The 10-K against last year's

69 changes: 11 added, 8 removed, 50 reworded

10-K Dec 5, 2025 vs Dec 6, 2024
Risk FactorsRedline ↓
9.1%
of the text changed · 16,728 words now
17.1%
of the text changed · 3,438 words now
Accounting PoliciesRedline ↓
7.6%
of the text changed · 4,642 words now

10-K 0001628280-25-055615 (2025-12-05) vs 10-K 0000711404-24-000074 (2024-12-06) Not compared: Legal Proceedings.

The redline

The paragraph that changed most in each section

Marked against last year's 10-K: cut words struck through, new words highlighted and underlined.

Risk Factors 198 words changed in this paragraph; it is 53% similar to last year's version.
Following the end of the “Brexit” transitional period, from January 1, 2021, the MHRA became the UK’s independent regulatory agency for medical devices. Post-Brexit, amendments have been made to the existing UK medical devices legislation which require medical devices to be registered with the MHRA before being placed on the Great Britain market. Manufacturers based outside of the UK need to appoint a UK Responsible Person to register devices with the MHRA. On January 9, 2024, the MHRA published a roadmap setting out its plans and timelines for towards the reform of the regulatory framework for medical devices in the UK. Regulations implementing core elements of the new framework are intended to be in place by 2025. Pending such reform of the UK regulatory framework, the government has confirmed that general medical devices compliant with the EU MDD with a valid declaration and CE marking can be placed on the Great Britain market up until the sooner of expiry of certificate or June 30, 2028. Medical devices, including custom-made devices, compliant with the EU MDR can be placed on the Great Britain market up until June 30, 2030. The rules for placing medical devices on the market in Northern Ireland, which is part of the UK, differ from those in Great Britain (England, Scotland and Wales) and continue to be based on EU law. These developments, or However, consultations are underway which propose substantial reforms to the perception that any related developments could occur, have had Great Britain regulatory regime for medical devices and may continue IVDs, including with respect to have a material adverse effect on global economic conditions market access and financial markets, and our business may be impacted conformity assessment procedures. Any divergent requirements between the UK and the demand for EU may increase the cost and complexity of running our products could be depressed. business.

Source: Item 1A, 10-K 0001628280-25-055615 vs Item 1A, 10-K 0000711404-24-000074

Accounting Policies 123 words changed in this paragraph; it is 35% similar to last year's version.
In November 2023, The Company adopted the FASB issued ASU Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, Disclosures in the fiscal year 2025, which enhances the disclosures required for operating segments in our annual and interim consolidated financial statements. The ASU is effective standard was applied retrospectively to all periods presented in the financial statements. As this accounting standard only impacts disclosures, it did not have a material impact on the Company’s Consolidated Financial Statements. See Note 12. Business Segment Information for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, which means it will be effective from our fiscal year ended October 31, 2025, and interim periods within fiscal years beginning from November 01, 2025, and will be applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements and required disclosures.

Source: Item 8, Note 1 – Organization and Significant Accounting Policies, 10-K 0001628280-25-055615 vs Item 8, Note 1 – Organization and Significant Accounting Policies, 10-K 0000711404-24-000074

MD&A 65 words changed in this paragraph; it is 30% similar to last year's version.
Cash provided by operating used in investing activities in fiscal 2024 increased 2025 decreased compared to fiscal 2023, primarily due to increases cash used in net income, and non-cash add backs such as deferred income taxes and share-based compensation expenses investing activities in fiscal 2024 and the release of $31.8 2024, primarily attributable to $343.4 million contingent consideration liability associated with SightGlass Vision's regulatory approval milestone cash paid for acquisitions in fiscal 2023, offset by net changes in operating capital. 2024.

Source: Item 7, 10-K 0001628280-25-055615 vs Item 7, 10-K 0000711404-24-000074

Every change, by type

Sentences and paragraphs added, removed or reworded

Sentences and paragraphs of COO's Risk Factors and MD&A, 10-K 2025-12-05 against 10-K 2024-12-06. Each links to the text at sec.gov.

AddedRisk Factors
Changes in import and export policies, including new, increased or retaliatory tariffs, sanctions and countersanctions and customs restrictions by the U.S. and foreign governments, may disrupt our supply chain, adversely affect our relationships with customers and impact our competitiveness. It may be time-consuming and expensive for us to alter our business operations to adapt to or comply with any such changes. If we are unable to effectively manage these risks, our business, financial condition and results of operations could be materially and adversely affected.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedRisk Factors
We also rely on third-party logistics providers for storage and distribution of our components and products. Because we have limited control over their operations, any disruption in these relationships—whether due to labor shortages, transportation delays, capacity constraints—could adversely affect our ability to deliver products to customers on time and result in increased costs, reputational harm and potential liability. If we are unable to promptly transition to alternative providers in the event of a disruption, our business, financial condition, and results of operations could be materially and adversely affected.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedRisk Factors
and consumers which could reduce the sales of our products. In addition, the FDA or other foreign governmental agencies may implement enforcement actions in connection with a recall which could impair our product offerings and be harmful to our business and financial results.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedRisk Factors
Ongoing federal efforts to streamline government operations, including agency-wide efficiency programs, may further impact the resources and staffing levels available to the FDA. These changes could result in longer review times for our regulatory submissions. Any delays or disruptions in FDA review processes could adversely affect our product development timelines, market entry strategies, and overall business performance.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedMD&A
We protect our products through patents and trademark registrations, both in the United States and in international markets. We monitor competitive products trademark use worldwide and, when determined appropriate, we have enforced and plan to continue to enforce and defend our patent and trademark rights. We also rely upon trade secrets, licenses, technical know-how and continuing technological innovation to develop and maintain our competitive position.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedMD&A
CooperVision, CooperSurgical, and other trade names, trademarks or service marks of the Company and its subsidiaries appearing in this report are the property of the Company and its subsidiaries. Trade names, trademarks and service marks of the other companies appearing in this report are the property of their respective holders.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedMD&A
Consolidated gross margin decreased in fiscal 2025 to 66% compared to 67% in fiscal 2024, primarily driven by inventory and long-lived asset write-offs and severance costs related to workforce optimization initiatives.

Read it in 10-K 2025-12-05 at sec.gov ↗

Show the other 3
AddedMD&A
CooperSurgical's operating income decreased in fiscal 2025 compared to fiscal 2024, primarily due to inventory and long-lived asset write-offs, severance costs related to workforce optimization initiatives and an increase in amortization expense.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedMD&A
The One Big Beautiful Bill Act was enacted in the United States during the third quarter of fiscal 2025. It is not expected to have a material impact on the provision for income taxes.

Read it in 10-K 2025-12-05 at sec.gov ↗

AddedMD&A
Cash provided by operating activities in fiscal 2025 increased compared to fiscal 2024, primarily due to changes in prepaid and other assets and an increase in non-cash add-back of long-lived asset write-offs.

Read it in 10-K 2025-12-05 at sec.gov ↗

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