A 25-year-old Lincoln man was sentenced to 20 to 32 years in prison Thursday for robbing a convenience store with a gun concealed in a Hostess pastry box. Izaiah Bartu pleaded no contest to robbery and attempted possession of a firearm by a prohibited person for the incident early Feb. 27. Lincoln police said that just before 12:10 a.m. they were called to the Kwik Shop near 27th and W streets about a man who had come into the store with a Hostess box over his right hand, walked up to the counter and told the clerk to open the register, tapping on the box as if there was a gun inside. Izaiah Bartu Bartu took off with $132, according to court records. Police found Bartu nearby with a gun in his backpack, with a distinctive bandana, like the one in the store security video, and 4.1 grams of methamphetamine in his sock. People are also reading... He was on probation in Seward County at the time on a drug case that arose while he was on parole for an assault charge. At Bartu's sentencing Thursday, Lancaster County District Judge Kevin McManaman said: "Safety of the community is really important in a case like this, I believe. This is really a very dangerous set of circumstances that occurred." PHOTOS: The top images of 2024 Elise Mertens, of Belgium, serves against Naomi Osaka, of Japan, at the BNP Paribas Open tennis tournament, on March 11, 2024, in Indian Wells, Calif. (AP Photo/Mark J. Terrill) Fans interfere with a foul ball caught by Los Angeles Dodgers right fielder Mookie Betts during the first inning in Game 4 of the baseball World Series against the New York Yankees, on Oct. 29, 2024, in New York. (AP Photo/Ashley Landis) An adult periodical cicada sheds its nymphal skin on May 11, 2024, in Cincinnati. There are two large compound eyes, which are used to visually perceive the world around them, and three small, jewel-like, simple eyes called ocelli at center. (AP Photo/Carolyn Kaster) Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret Service agents after an assassination attempt at a campaign rally in Butler, Pa., July 13, 2024. (AP Photo/Evan Vucci) Cairo Consort prepares for a race in the paddock at Churchill Downs in Louisville, Ky., before the 150th running of the Kentucky Derby horse race on May 4, 2024. (AP Photo/Brynn Anderson) Republican presidential nominee former President Donald Trump prepares to walk on stage for a campaign rally at Macomb Community College in Warren, Mich., on Nov. 1, 2024. (AP Photo/Julia Demaree Nikhinson) Pope Francis gestures during an annual gathering of pro-family organizations at the Auditorium della Conciliazione, in Rome, on May 10, 2024. (AP Photo/Alessandra Tarantino) Models wait backstage for a show to start during China Fashion Week in Beijing on March 28, 2024. (AP Photo/Ng Han Guan) Emerald miner Janeth Paez stands inside the tunnel of an informal mine near the town of Coscuez, Colombia, on Feb. 28, 2024. (AP Photo/Fernando Vergara) Assistants react as members of "Castellers de Vilafranca" try to form a "Castell" or human tower, during the 29th Human Tower Competition in Tarragona, Spain, on Oct. 6, 2024. (AP Photo/Emilio Morenatti) Republican presidential candidate former President Donald Trump attends the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, on July 18, 2024. (AP Photo/Carolyn Kaster) With tears streaming down her face, a supporter of Democratic presidential nominee Vice President Kamala Harris applauds as Harris delivers a concession speech on Nov. 6, 2024, after losing the 2024 presidential election, on the campus of Howard University in Washington. (AP Photo/Jacquelyn Martin) Passengers in the back of a taxi film themselves as they leave the Eiffel Tower, decorated with the Olympic rings ahead of the 2024 Summer Olympics, in Paris, on July 17, 2024. (AP Photo/David Goldman) Paralympic athlete Santos Araujo, of Brazil, celebrates after winning the men's 200 m Freestyle - S2 final, during the 2024 Paralympics in Paris, France, on Sept. 2, 2024. (AP Photo/Emilio Morenatti) Supporters of Republican presidential candidate former President Donald Trump hold signs as Democratic presidential nominee Vice President Kamala Harris passes by on her bus en route to a campaign stop at the Primanti Bros. restaurant in Pittsburgh, on Aug. 18, 2024. (AP Photo/Julia Demaree Nikhinson) Emergency personnel carry a 4-year-old girl who was rescued from her collapsed house after heavy rains in Petropolis, Rio de Janeiro state, Brazil, on March 23, 2024. (AP Photo/Bruna Prado) The faithful carry an 18th century wooden statue of Christ before the start of a procession the in Procida Island, Italy, on March 29, 2024. (AP Photo/Alessandra Tarantino) A worker inspects the permanent foundations being constructed on the coral reef for a judging tower to be used during the Olympic Games surf competition in Teahupo'o, Tahiti, French Polynesia, on Jan. 12, 2024. (AP Photo/Daniel Cole) Female Israeli soldiers pose for a photo in southern Israel, on the border of the Gaza Strip, on Feb. 19, 2024. (AP Photo/Tsafrir Abayov) Kansas City Chiefs tight end Travis Kelce kisses Taylor Swift after the NFL Super Bowl 58 football game against the San Francisco 49ers on Feb. 11, 2024, in Las Vegas. The Chiefs won 25-22. (AP Photo/John Locher) An American flag is mounted on a fence at a farm on U.S. Highway 20 during a blizzard near Galva, Iowa, on Jan. 13, 2024. (AP Photo/Carolyn Kaster) Democratic presidential nominee Vice President Kamala Harris looks at a monitor backstage just before taking the stage for her final campaign rally on Nov. 4, 2024, the day before Election Day, in Philadelphia. (AP Photo/Jacquelyn Martin) A race fan holds a drink as he walks on the grounds of Churchill Downs in Louisville, Ky., before the 150th running of the Kentucky Oaks horse race on May 3, 2024. (AP Photo/Charlie Riedel) Natasha Ducre surveys the kitchen of her devastated home, which lost most of its roof during the passage of Hurricane Milton, in Palmetto, Fla., on Oct. 10, 2024. (AP Photo/Rebecca Blackwell) People gather at the Republique plaza in Paris after the second round of the legislative election, on July 7, 2024. (AP Photo/Louise Delmotte) Students beat a policeman with sticks during a protest over a controversial quota system for government job applicants in Dhaka, Bangladesh, on July 18, 2024. (AP Photo/Anik Rahman) Revelers lie in a pool of squashed tomatoes during the annual "Tomatina" tomato fight fiesta, in the village of Bunol near Valencia, Spain, on Aug. 28, 2024. (AP Photo/Alberto Saiz) In this photo taken with a long exposure, Israeli shelling hits an area in southern Lebanon, as seen from northern Israel, on Sept. 30, 2024. (AP Photo/Leo Correa) Orthodox nuns wait to take part in a procession marking 250 years since the remains of Saint Dimitrie Bassarabov, patron saint of the Romanian capital, were brought to Romania, in Bucharest, on July 12, 2024. (AP Photo/Vadim Ghirda) Members of the Al-Rabaya family break their fast during the Muslim holy month of Ramadan outside their home, which was destroyed by an Israeli airstrike, in Rafah, Gaza Strip, on March 18, 2024. (AP Photo/Fatima Shbair) A horse looks out the window from its stable ahead of the 156th running of the Belmont Stakes horse race at Saratoga Race Course, in Saratoga Springs, N.Y., on June 6, 2024. (AP Photo/Julia Demaree Nikhinson) A cat searches for food in a house burnt by rockets fired by Hezbollah in the town of Kiryat Shmona, northern Israel, near the border with Lebanon, on Feb. 29, 2024. (AP Photo/Ariel Schalit) A man transports an electronic voting machine on a pony as election officials walk to a polling booth in a remote mountain area on the eve of the first round of voting in the six-week long national election at Dessa village in Doda district, Jammu and Kashmir, India, April 18, 2024. (AP Photo/Channi Anand) Debris is visible through the window of a damaged home following severe storms in Lakeview, Ohio, on March 15, 2024. (AP Photo/Joshua A. Bickel) Friends and family fuss over a quinceañera in preparation for her photo session at Colon square in the Zona Colonial neighborhood of Santo Domingo, Dominican Republic, on May 15, 2024. (AP Photo/Matias Delacroix) Jewish ultra-Orthodox men dressed in costumes celebrate the Jewish festival of Purim in Bnei Brak, Israel, on March 24, 2024. The holiday commemorates the Jews' salvation from genocide in ancient Persia, as recounted in the Book of Esther. (AP Photo/Oded Balilty) Druze clergymen attend the funeral of some of the 12 children and teens killed in a rocket strike by the Lebanese militant group Hezbollah at a soccer field at the village of Majdal Shams, in the Israeli-annexed Golan Heights, on July 28, 2024. (AP Photo/Leo Correa) People take cover next to a public bomb shelter as a siren sounds a warning of incoming rockets fired from Lebanon, in Safed, northern Israel, on Sept. 29, 2024. (AP Photo/Ariel Schalit) Monuwara Begum and another woman return from a polling station across the Brahmaputra river on the eve of the second phase of India's national election in Sandahkhaiti, a floating island village in the Brahmaputra River in Assam, India, on April 25, 2024. (AP Photo/Anupam Nath) The container ship Dali rests against the wreckage of Baltimore's Francis Scott Key Bridge on the Patapsco River, on March 27, 2024, as seen from Pasadena, Md. (AP Photo/Alex Brandon) A girl waits in the family home of the late Ousmane Sylla, who died by suicide inside one of Italy's migrant detention centers, ahead of his body's arrival in Conakry, Guinea, on April 8, 2024. (AP Photo/Misper Apawu) Members of the Abu Sinjar family mourn their relatives killed in an Israeli bombardment of the Gaza Strip, at their house in Rafah, southern Gaza, on Jan. 5, 2024. (AP Photo/Fatima Shbair) Yulia Navalnaya, center, widow of Alexey Navalny, stands in a queue with other voters at a polling station near the Russian embassy in Berlin on March 17, 2024. (AP Photo/Ebrahim Noroozi) Alicia Keys performs during halftime of the NFL Super Bowl 58 football game between the San Francisco 49ers and the Kansas City Chiefs on Feb. 11, 2024, in Las Vegas. (AP Photo/David J. Phillip) People walk through a part of the Amazon River that shows signs of drought in Santa Sofia, on the outskirts of Leticia, Colombia, on Oct. 20, 2024. (AP Photo/Ivan Valencia) A fisherman casts his fishing line into the Mediterranean Sea from a rocky area along the coastline in Beirut, Lebanon, on July 27, 2024. (AP Photo/Hassan Ammar) People mourn over the flagged-covered coffin of Israeli soldier Sgt. Amitai Alon, killed by a Hezbollah drone attack, during his funeral near Ramot Naftali, Israel, on Oct. 14, 2024. (AP Photo/Leo Correa) Israeli students watch a virtual tour of the concentration and extermination camp Auschwitz-Birkenau at the Testimony House, a Holocaust museum in Nir Galim, Israel, on the eve of Israel's annual Holocaust Remembrance Day, May 5, 2024. (AP Photo/Oded Balilty) A young man watches the ball after diving while playing soccer on a dusty field in Abidjan, Ivory Coast, on Feb. 6, 2024. (AP Photo/Themba Hadebe) A voter fills out a ballot during general elections in Nkandla, Kwazulu Natal, South Africa, on May 29, 2024. (AP Photo/Emilio Morenatti) A resident wades through a flooded street following heavy rains from typhoon Toraji in Ilagan City, Isabela province, northern Philippines, on Nov. 12, 2024. (AP Photo/Noel Celis) Erin Young holds her adopted daughter Gianna Young, as she prays the "Patriotic Rosary" for the consecration of the nation and Donald Trump around a bonfire at their home in Sunbury, Ohio, the night before the U.S. election, Monday, Nov. 4, 2024. The conservative Catholic family lives their anti-abortion beliefs through adoption, foster-parenting and raising their children to believe in the sanctity of life. They're also committed to teaching their children about political candidates they see as aligned with their beliefs. (AP Photo/Carolyn Kaster) In this photo taken with a long exposure, people look at the northern lights, or Aurora Borealis, in the night sky on May 10, 2024, in Estacada, Ore. (AP Photo/Jenny Kane) A girl plays a jump rope game at a school housing residents displaced by gang violence in Port-au-Prince, Haiti, on May 15, 2024. (AP Photo/Ramon Espinosa) People fish next to drainage that flows into the Paraguay River in Asuncion, Paraguay, on Jan. 28, 2024. (AP Photo/Jorge Saenz) A mother coaxes her daughter into trying a spoonful of rice at a school turned into a makeshift shelter for people displaced by gang violence, in Port-au-Prince, Haiti, on May 8, 2024. (AP Photo/Ramon Espinosa) A man sits inside a concrete pipe meant for municipal use after his shelter was swept away by the flooding Bagmati River in Kathmandu, Nepal, on Oct. 1, 2024. (AP Photo/Niranjan Shrestha) A cosplayer dressed as Deadpool attends a Comic-Con convention in Panama City on Sept. 1, 2024. (AP Photo/Matias Delacroix) Athletes compete during the men's 10km marathon swimming competition at the 2024 Summer Olympics in Paris, France, on Aug. 9, 2024. (AP Photo/Vadim Ghirda) Kenya Wildlife Service rangers and capture team pull a sedated black rhino from the water in Nairobi National Park, Kenya, on Jan. 16, 2024, as part of a rhino relocation project to move 21 of the critically endangered beasts hundreds of miles to a new home. (AP Photo/Brian Inganga) A pod of Beluga whales swim through the Churchill River near Churchill, Manitoba, Canada, on Aug. 4, 2024. (AP Photo/Joshua A. Bickel) A person carrying a handgun and a sign depicting Republican presidential candidate former President Donald Trump stands outside the Republican National Convention in Milwaukee on July 18, 2024. (AP Photo/Jae C. Hong) Atmaram, who goes by one name and was found living on the street a day earlier, eats breakfast at Saint Hardyal Educational and Orphans Welfare Society, a home for the aged and unwanted, on April 12, 2024, in New Delhi, India. (AP Photo/David Goldman) People help Liudmila, 85, board a bus after their evacuation from Vovchansk, Ukraine, on May 12, 2024. Her husband was killed in their house during a Russian airstrike on the city. (AP Photo/Evgeniy Maloletka) Prisoners reach out from their cell for bread at lunchtime at the Juan de la Vega prison in Emboscada, Paraguay, on July 12, 2024. (AP Photo/Rodrigo Abd) Members of the water safety team move into the impact zone on a jet ski to rescue a surfer under a rainbow during a training day ahead of the 2024 Summer Olympics surfing competition in Teahupo'o, Tahiti, on July 23, 2024. (AP Photo/Gregory Bull) Children play with the ropes of a ship docked on a beach in Parika, Guyana, on June 9, 2024. (AP Photo/Ramon Espinosa) A supporter of Republican presidential candidate former President Donald Trump waits for the start of his campaign rally in Doral, Fla., on July 9, 2024. (AP Photo/Rebecca Blackwell) Lava flows from a volcanic eruption that started on the Reykjanes Peninsula in Iceland, Nov. 20, 2024. (AP Photo/Marco di Marco) Muslim pilgrims circumambulate the Kaaba, the cubic building at the Grand Mosque, during the annual Hajj pilgrimage in Mecca, Saudi Arabia, on June 11, 2024. (AP Photo/Rafiq Maqbool) Two men in Russian Cossack uniforms pose for a selfie with the Historical Museum in the background after visiting the mausoleum of the Soviet founder Vladimir Lenin, marking the 154th anniversary of his birth, in Moscow's Red Square, on April 22, 2024. (AP Photo/Alexander Zemlianichenko) A fisherman carries his catch of the day to market in Manta, Ecuador, on Sept. 24, 2024. (AP Photo/Dolores Ochoa) Ama Pipe, from Britain, center, receives the baton from teammate Lina Nielsen in a women's 4 X 400 meters relay heat during the World Athletics Indoor Championships at the Emirates Arena in Glasgow, Scotland, on March 3, 2024. (AP Photo/Bernat Armangue) Ultra-Orthodox Jews look at part of an intercepted ballistic missile that fell in the desert near the city of Arad, Israel, on April 28, 2024. (AP Photo/ Ohad Zwigenberg) Margarita Salazar, 82, wipes sweat from her forehead in her home during an extreme heat wave in Veracruz, Mexico, on June 16, 2024. (AP Photo/Felix Marquez) People drive along a road littered with fallen power lines after the passing of Hurricane Rafael in San Antonio de los Banos, Cuba, on Nov. 7, 2024. (AP Photo/Ramon Espinosa) Palestinian activist Khairi Hanoon walks with the Palestinian flag on a damaged road following an Israeli army raid in Tulkarem, West Bank, on Sept. 3, 2024. (AP Photo/Majdi Mohammed) A polar bear and a cub search for scraps in a large pile of bowhead whale bones left from the village's subsistence hunting at the end of an unused airstrip near the village of Kaktovik, Alaska, on Oct. 15, 2024. (AP Photo/Lindsey Wasson) Vero Almarche, right, hugs her neighbor Maria Munoz, who was born in the house where they are photographed and which was destroyed by flooding in Masanasa, Valencia, Spain, on Nov. 6, 2024. (AP Photo/Emilio Morenatti) Wearing a device that measures his energy consumption, Israel Amputee Football Team player Ben Maman, left, fights for the ball with a young soccer player from a local team during a practice session in Ramat Gan, Israel, on April 11, 2024. (AP Photo/Leo Correa) Reach the writer at 402-473-7237 or lpilger@journalstar.com . On Twitter @LJSpilger Sign up for our Crime & Courts newsletter Get the latest in local public safety news with this weekly email. Courts reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.Steam's new free game is already blowing up, and it looks gorgeous - GAMINGbible
Julián Álvarez picking up the scoring pace with Atletico MadridNone
New Credit Card launched, Lifetime free and no joining fees
Feminism is not our enemy, let's support itGakpo caps Liverpool win over Real Madrid as Mbappé is denied from spot
The U.S. Consumer Financial Protection Bureau (CFPB) has announced a landmark decision to impose bank-like supervision on major digital payment providers such as Apple Pay, Google Wallet, PayPal, and Cash App. The rule applies to companies processing over 50 million transactions annually and aims to ensure compliance with federal laws on privacy, fraud prevention, and consumer protection. The regulation will take effect 30 days after its publication in the Federal Register and reflects the growing reliance on digital payment platforms, which collectively handle over 13 billion transactions yearly, according to CFPB estimates. “Digital payments have gone from novelty to necessity, and our oversight must reflect this reality,” said CFPB Director Rohit Chopra. “The rule will help to protect consumer privacy, guard against fraud, and prevent illegal account closures.” Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025 ) opens registrations; register today for early bird discounts. Tekedia AI in Business Masterclass opens registrations here. Join Tekedia Capital Syndicate and i nvest in Africa’s finest startups here . The CFPB’s new rule comes amid the growing adoption of digital payment systems, which have transformed how consumers transact globally. These platforms have evolved into essential tools for millions, offering convenience and accessibility. However, this widespread reliance has also exposed vulnerabilities, including data breaches, fraud, and sudden account terminations without due process. The rule’s rollout follows years of discussion, including a more expansive 2022 proposal that sought to regulate companies processing as few as 5 million transactions annually. The scaled-back version reflects a compromise, focusing on the largest players in the market. The move to regulate digital payment platforms comes amid debates about the balance between consumer protection and innovation. Many have argued that there are many regulatory agencies in the US and their oversight risks stifling creativity and economic growth in burgeoning sectors like fintech. Among the most vocal critics is Elon Musk, the owner of X (formerly Twitter) and CEO of Tesla, who has repeatedly called for reducing government intervention in industries. “Very important that there be an organization tasked with regulation removal or the number of rules will grow every year until progress is completely buried by bureaucracy!” Musk tweeted in 2022. He has emphasized that while some oversight is necessary, overly burdensome regulations can hinder technological advancements and drive businesses out of competitive markets. This sentiment is echoed by other tech leaders and entrepreneurs who caution that heavy-handed policies might deter investment in the very industries that drive economic growth. The U.S. regulatory climate has been under increasing scrutiny, with some analysts pointing out that compliance costs for digital firms often translate into higher barriers to entry, disproportionately affecting startups and smaller players. Musk, who has been at the forefront of advocating for less government interference, is widely expected to lead reforms if appointed to head the Department of Government Efficiency (DOGE), a role reportedly under consideration in upcoming political realignments. His prospective appointment aligns with his calls to streamline government agencies and cut spending. Musk has stated his belief in focusing on essential governance while eliminating redundancies that stifle private enterprise. “Only hope for stopping the slow strangulation by overregulation of America is to elect Donald Trump,” Musk said in October. “He will empower the Dept of Govt Efficiency to restore common sense regulation, instead of the mindless mountains of meaningless paperwork.” If Musk takes on this role, the DOGE’s mandate could include reevaluating policies across sectors, aiming to balance regulation with economic freedom. Observers note that such changes could significantly impact not only the digital payments ecosystem but also industries like artificial intelligence, where Musk has expressed concerns about regulation stifling progress. As the CFPB’s rule comes into effect, digital payment providers face the challenge of adapting to a more tightly regulated environment. The rule seeks to align these platforms with traditional financial institutions, requiring them to adopt rigorous compliance frameworks. While this may enhance consumer trust, some have expressed concern that it could also impose significant operational costs, potentially leading to reduced innovation or higher service fees.None
John Prescott: Tony Blair leads tributes to Labour giantCinemark stock soars to 52-week high, hits $34.31Lymphedema Diagnostics Market to Reach USD 70.7 Million by 2034, Growing at a CAGR of 4.8% |Transparency Market Research
Beyond The Numbers: 26 Analysts Discuss Marvell Tech StockSAN RAMON, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal fourth quarter and full year ended October 31, 2024. Fourth quarter 2024 revenue of $1,018.4 million, up 10%, or up 7% organically. Fiscal year 2024 revenue of $3.9 billion, up 8%, or up 8% organically. Fourth quarter 2024 GAAP diluted earnings per share (EPS) of $0.58, up 38%. Fiscal 2024 GAAP diluted EPS of $1.96, up 33%. Fourth quarter 2024 non-GAAP diluted EPS of $1.04, up 19%. Fiscal 2024 non-GAAP diluted EPS of $3.69, up 15%. See "Reconciliation of Selected GAAP Results to Non-GAAP Results" below. Commenting on the results, Al White, Cooper's President and CEO said, "Fiscal 2024 was a great year for Cooper having achieved record consolidated revenues, including record CooperVision revenues, record CooperSurgical revenues and record non-GAAP EPS. We look forward to continued success in fiscal 2025 and thank all of our employees for driving these results." Fourth Quarter Operating Results Revenue of $1,018.4 million, up 10% from last year’s fourth quarter, up 9% in constant currency, up 7% organically. Gross margin of 67% compared with 65% in last year’s fourth quarter driven by price and efficiency gains. On a non-GAAP basis, gross margin was similar to last year at 67%. Operating margin of 19% compared with 15% in last year’s fourth quarter driven by SG&A expense leverage and stronger gross margins. On a non-GAAP basis, operating margin was 26%, up from 24% last year. Interest expense of $27.0 million compared with $26.3 million in last year's fourth quarter. On a non-GAAP basis, interest expense was $25.6 million, down from $26.4 million. Cash provided by operations of $268.1 million offset by capital expenditures of $139.9 million resulted in free cash flow of $128.2 million. Fourth Quarter CooperVision (CVI) Revenue Revenue of $676.4 million, up 9% from last year’s fourth quarter, up 8% in constant currency, up 8% organically. Revenue by category: Revenue by geography: Fourth Quarter CooperSurgical (CSI) Revenue Revenue of $342.0 million, up 12% from last year's fourth quarter, up 12% in constant currency, up 5% organically. Revenue by category: Fiscal Year 2024 Operating Results Revenue of $3,895.4 million, up 8% from fiscal 2023, up 9% in constant currency, up 8% organically. CVI revenue of $2,609.4 million, up 8% from fiscal 2023, up 8% in constant currency, up 9% organically, and CSI revenue $1,286.0 million, up 10% from fiscal 2023, up 11% in constant currency, up 5% organically. Gross margin of 67% compared with 66% in fiscal 2023. Non-GAAP gross margin was 67% compared with 66% in fiscal 2023. Operating margin of 18% compared with 15% in fiscal 2023. Non-GAAP operating margin was 25% compared with 24% in fiscal 2023. Cash provided by operations of $709.3 million offset by capital expenditures of $421.2 million resulted in free cash flow of $288.1 million. Fiscal Year 2025 Financial Guidance The Company initiated its fiscal year 2025 financial guidance. Details are summarized as follows: Fiscal 2025 total revenue of $4,080 - $4,158 million (organic growth of 6% to 8%) CVI revenue of $2,733 - $2,786 million (organic growth of 6.5% to 8.5%) CSI revenue of $1,347 - $1,372 million (organic growth of 4% to 6%) Fiscal 2025 non-GAAP diluted earnings per share of $3.92 - $4.02 Non-GAAP diluted earnings per share guidance excludes amortization and impairment of intangible assets, and certain income or gains and charges or expenses including acquisition and integration costs which we may incur as part of our continuing operations. With respect to the Company’s guidance expectations, the Company has not reconciled non-GAAP diluted earnings per share guidance to GAAP diluted earnings per share due to the inherent difficulty in forecasting acquisition-related, integration and restructuring charges and expenses, which are reconciling items between the non-GAAP and GAAP measures. Due to the unknown effect, timing and potential significance of such charges and expenses that impact GAAP diluted earnings per share, the Company is not able to provide such guidance. Reconciliation of Selected GAAP Results to Non-GAAP Results To supplement our financial results and guidance presented on a GAAP basis, we provide non-GAAP measures such as non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted earnings per share, as well as constant currency and organic revenue growth because we believe they are helpful for the investors to understand our consolidated operating results. Management uses supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, to make operating decisions, and to plan and forecast for future periods. The non-GAAP measures exclude costs which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. We provide further details of the non-GAAP adjustments made to arrive at our non-GAAP measures in the GAAP to non-GAAP reconciliations below. Our non-GAAP financial results and guidance are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. To present constant currency revenue growth, current period revenue for entities reporting in currencies other than the United States dollar are converted into United States dollars at the average foreign exchange rates for the corresponding period in the prior year. To present organic revenue growth, we excluded the effect of foreign currency fluctuations and the impact of any acquisitions, divestitures and discontinuations that occurred in the comparable period. We define the non-GAAP measure of free cash flow as cash provided by operating activities less capital expenditures. We believe free cash flow is useful for investors as an additional measure of liquidity because it represents cash that is available to grow the business, make strategic acquisitions, repay debt, or buyback common stock. Management uses free cash flow internally to understand, manage, make operating decisions and evaluate our business. In addition, we use free cash flow to help plan and forecast future periods. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. EPS, amounts and percentages may not sum or recalculate due to rounding. (1) Charges include the direct effects of acquisition accounting, such as amortization of inventory fair value step-up, professional services fees, regulatory fees and changes in fair value of contingent considerations, and items related to integrating acquired businesses, such as redundant personnel costs for transitional employees, other acquired employee related costs, and integration-related professional services, manufacturing integration costs, legal entity rationalization and other integration-related activities. The acquisition and integration-related charges in fiscal 2024 were primarily related to the Cook Medical acquisition and integration expenses. The acquisition and integration-related charges in fiscal 2023 were primarily related to the Generate acquisition and integration expenses. Charges included $2.9 million and $8.4 million related to redundant personnel costs for transitional employees, $0.7 million and $4.5 million of professional services fees, $1.4 million and $1.4 million of manufacturing integration costs, $1.5 million and 1.5 million of inventory fair value step-up amortization, and $0.7 million and $4.1 million of other acquisition and integration-related activities in the three and twelve months ended October 31, 2024, respectively. The twelve months ended October 31, 2024 also included $0.7 million regulatory fees. Charges included $7.5 million and $21.9 million related to redundant personnel costs for transitional employees, $6.5 million and $16.2 million of professional services fees, $2.9 million and $6.5 million of manufacturing integration costs, $3.1 million and $5.0 million of legal entity rationalization costs, $0.9 million and $2.7 million regulatory fees, and $0.6 million and $5.0 million in other acquisition and integration-related activities, in the three and twelve months ended October 31, 2023, respectively. (2) Charges include costs related to product line exits such as inventory write-offs, site closure costs, contract termination costs and specifically-identified long-lived asset write-offs. Charges included $2.3 million of write-offs of long-lived assets and $1.7 million of other costs related to product line exits in the twelve months October 31, 2024. No charge related to product line exits was incurred in the three months ended October 31, 2024. Charges included $3.4 million and $7.9 million of site closure costs related to the exit of the lens care business, $0.4 million and $1.1 million of other costs related to product line exits in the three and twelve months ended October 31, 2023, respectively. The fourth quarter of fiscal 2023 also included $9.8 million of intangible assets impairment charge associated with the discontinuation of certain products. (3) Charges represent incremental costs of complying with the new European Union (E.U.) medical device regulations for previously registered products and primarily include charges for contractors supporting the project and other direct third-party expenses. We consider these costs to be limited to a specific time period. (4) Charges represent the costs associated with initiatives to increase efficiencies across the organization and optimize our overall cost structure, including changes to our IT infrastructure and operations, employee severance costs, legal entity and other business reorganizations, write-offs or impairments of certain long-lived assets associated with the business optimization activities. Charges included $1.5 million and $10.6 million of employee severance costs, $1.0 million and $4.1 million related to changes to our IT infrastructure and operation, and $0.4 million and $2.9 million of legal entity and other business reorganizations costs, in the three and twelve months ended October 31, 2024, respectively. The twelve months ended October 31, 2024 also included $0.7 million of other optimization costs. Charges included $1.4 million and $11.3 million of employee severance costs, $1.4 million and $1.9 million of legal entity and other business reorganizations costs, and $0.3 million and $5.9 million related to changes to our IT infrastructure and operations, partially offset by $0.2 million and $0.4 million of other items in the three and twelve months ended October 31, 2023, respectively. (5) Amount represents an accrual for probable payment of a termination fee in connection with an asset purchase agreement in the second quarter of 2023, which was paid in August 2023. (6) Amount represents the release the contingent consideration liability associated with SightGlass Vision's regulatory approval milestone in the first quarter of 2023. (7) Charges include certain business disruptions from natural causes, litigation matters and other items that are not part of ordinary operations. The adjustments to arrive at non-GAAP net income also include gains and losses on minority interest investments and accretion of interest attributable to acquisition installment payables. Charges included $1.5 million and $5.9 million of gains and losses on minority interest investments, $1.4 million and $5.5 million of accretion of interest attributable to acquisition installments payable, $0.6 million and $1.5 million related to legal matters in the three and twelve months ended October 31, 2024, respectively. Charges included $1.6 million and $6.3 million of gains and losses on minority interest investments, and $1.3 million and $4.6 million related to legal matters in the three and twelve months ended October 31, 2023, respectively. The twelve months ended October 31, 2023 also included $1.1 million of other items. (8) In fiscal 2021, the Company transferred its CooperVision intellectual property and goodwill to its UK subsidiary. As a result, we recorded a deferred tax asset equal to approximately $2.0 billion as a one-time tax benefit in accordance with U.S. GAAP in fiscal 2021 as subsequently adjusted for changes in UK tax law. The non-GAAP adjustments reflect the ongoing net deferred tax benefit from tax amortization each period under UK tax law. Audio Webcast and Conference Call The Company will host an audio webcast today for the public, investors, analysts and news media to discuss its fourth quarter results and current corporate developments. The audio webcast will be broadcast live on CooperCompanies' website, www.investor.coopercos.com , at approximately 5:00 PM ET. It will also be available for replay on CooperCompanies' website, www.investor.coopercos.com . Alternatively, you can dial in to the conference call at 800-715-9871; conference ID 2026064. About CooperCompanies CooperCompanies (Nasdaq: COO) is a leading global medical device company focused on improving lives one person at a time. The Company operates through two business units, CooperVision and CooperSurgical. CooperVision is a trusted leader in the contact lens industry, improving the vision of millions of people every day. CooperSurgical is a leading fertility and women's health company dedicated to assisting women, babies and families at the healthcare moments that matter most. Headquartered in San Ramon, CA, CooperCompanies ("Cooper") has a workforce of more than 16,000 with products sold in over 130 countries. For more information, please visit www.coopercos.com. Forward-Looking Statements This earnings release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Statements relating to guidance, plans, prospects, goals, strategies, future actions, events or performance and other statements of which are other than statements of historical fact, including our fiscal year 2025 financial guidance are forward looking. In addition, all statements regarding anticipated growth in our revenues, anticipated effects of any product recalls, anticipated market conditions, planned product launches, restructuring or business transition expectations, regulatory plans, and expected results of operations and integration of any acquisition are forward-looking. To identify these statements look for words like "believes," "outlook," "probable," "expects," "may," "will," "should," "could," "seeks," "intends," "plans," "estimates" or "anticipates" and similar words or phrases. Forward-looking statements necessarily depend on assumptions, data or methods that may be incorrect or imprecise and are subject to risks and uncertainties. Among the factors that could cause our actual results and future actions to differ materially from those described in forward-looking statements are: adverse changes in the global or regional general business, political and economic conditions including the impact of continuing uncertainty and instability of certain countries, man-made or natural disasters and pandemic conditions, that could adversely affect our global markets, and the potential adverse economic impact and related uncertainty caused by these items; the impact of international conflicts and the global response to international conflicts on the global and local economy, financial markets, energy markets, currency rates and our ability to supply product to, or through, affected countries; our substantial and expanding international operations and the challenges of managing an organization spread throughout multiple countries and complying with a variety of legal, compliance and regulatory requirements; foreign currency exchange rate and interest rate fluctuations including the risk of fluctuations in the value of foreign currencies or interest rates that would decrease our net sales and earnings; our existing and future variable rate indebtedness and associated interest expense is impacted by rate increases, which could adversely affect our financial health or limit our ability to borrow additional funds; changes in tax laws, examinations by tax authorities, and changes in our geographic composition of income; acquisition-related adverse effects including the failure to successfully achieve the anticipated net sales, margins and earnings benefits of acquisitions, integration delays or costs and the requirement to record significant adjustments to the preliminary fair value of assets acquired and liabilities assumed within the measurement period, required regulatory approvals for an acquisition not being obtained or being delayed or subject to conditions that are not anticipated, adverse impacts of changes to accounting controls and reporting procedures, contingent liabilities or indemnification obligations, increased leverage and lack of access to available financing (including financing for the acquisition or refinancing of debt owed by us on a timely basis and on reasonable terms); compliance costs and potential liability in connection with U.S. and foreign laws and health care regulations pertaining to privacy and security of personal information such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Consumer Privacy Act (CCPA) in the U.S. and the General Data Protection Regulation (GDPR) requirements in Europe, including but not limited to those resulting from data security breaches; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development, distribution facilities or raw material supply chain due to challenges associated with integration of acquisitions, man-made or natural disasters, pandemic conditions, cybersecurity incidents or other causes; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development or distribution facilities due to the failure to perform by third-party vendors, including cloud computing providers or other technological problems, including any related to our information systems maintenance, enhancements or new system deployments, integrations or upgrades; a successful cybersecurity attack which could interrupt or disrupt our information technology systems, or those of our third-party service providers, or cause the loss of confidential or protected data; market consolidation of large customers globally through mergers or acquisitions resulting in a larger proportion or concentration of our business being derived from fewer customers; disruptions in supplies of raw materials, particularly components used to manufacture our silicone hydrogel lenses; new U.S. and foreign government laws and regulations, and changes in existing laws, regulations and enforcement guidance, which affect areas of our operations including, but not limited to, those affecting the health care industry, including the contact lens industry specifically and the medical device or pharmaceutical industries generally, including but not limited to the EU Medical Devices Regulation (MDR), and the EU In Vitro Diagnostic Medical Devices Regulation (IVDR); legal costs, insurance expenses, settlement costs and the risk of an adverse decision, prohibitive injunction or settlement related to product liability, patent infringement, contractual disputes, or other litigation; limitations on sales following product introductions due to poor market acceptance; new competitors, product innovations or technologies, including but not limited to, technological advances by competitors, new products and patents attained by competitors, and competitors' expansion through acquisitions; reduced sales, loss of customers, reputational harm and costs and expenses, including from claims and litigation related to product recalls and warning letters; failure to receive, or delays in receiving, regulatory approvals or certifications for products; failure of our customers and end users to obtain adequate coverage and reimbursement from third-party payers for our products and services; the requirement to provide for a significant liability or to write off, or accelerate depreciation on, a significant asset, including goodwill, other intangible assets and idle manufacturing facilities and equipment; the success of our research and development activities and other start-up projects; dilution to earnings per share from acquisitions or issuing stock; impact and costs incurred from changes in accounting standards and policies; risks related to environmental laws and requirements applicable to our facilities, products or manufacturing processes, including evolving regulations regarding the use of hazardous substances or chemicals in our products; risks related to environmental, social and corporate governance (ESG) issues, including those related to regulatory and disclosure requirements, climate change and sustainability; and other events described in our Securities and Exchange Commission filings, including the “Business”, “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024, as such Risk Factors may be updated in annual and quarterly filings. 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. Contact: Kim Duncan Vice President, Investor Relations and Risk Management 925-460-3663 ir@cooperco.com THE COOPER COMPANIES, INC. AND SUBSIDIARIES GAAP to Non-GAAP Reconciliation Constant Currency Revenue Growth and Organic Revenue Growth Net SalesAspen Technology stock hits 52-week high at $249.94CANCUN, Mexico (AP) — Darryl Simmons II scored 19 points to help Gardner-Webb defeat SE Louisiana 73-69 on Tuesday. Simmons shot 7 for 13 (2 for 5 from 3-point range) and 3 of 3 from the free-throw line for the Runnin' Bulldogs (3-3). Pharell Boyogueno scored 15 points while going 6 of 13 (3 for 7 from 3-point range) and added seven rebounds and four steals. Anthony Selden shot 6 of 10 from the field and 3 of 6 from the free-throw line to finish with 15 points. Jeremy Elyzee led the Lions (2-4) in scoring, finishing with 22 points, three steals and two blocks. Sam Hines Jr. added 12 points, seven rebounds, six assists and four steals. Jakevion Buckley finished with 11 points, four assists and three steals. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
NoneJohnson has 25, FGCU downs CSU Bakersfield 74-54India Japan hold first round of dialogue on economic security strategic trade in TokyoJeffrey Fleishman | (TNS) Los Angeles Times The national furor in recent years around banning books on race and gender in public schools is intensifying as President-elect Donald Trump threatens to shut down the Department of Education, emboldening conservatives to end “wokeness” in classrooms. Battles over books in school libraries have become emblematic of the country’s larger culture wars over race, historical revisionism and gender identity. A new report by PEN America found book bans increased by nearly 200% during the 2023-24 school year, including titles on sexuality, substance abuse, depression and other issues students face in an age of accelerating technologies, climate change, toxic politics and fears about the future. Book censorship has shaken and divided school boards, pitted parents against parents, and led to threats against teachers and librarians . It is part of an agenda driven by conservative parental rights groups and politicians who promote charter schools and voucher systems that could weaken public education. The issue goes to the heart not only of what students are taught but how federal and state education policies will affect the nation’s politics after one of the most consequential elections in its history. “It’s not just about taking a book off a shelf,” said Tasslyn Magnusson, an author and teacher from Wisconsin who tracks book censorship across the U.S. “It’s about power and who controls public education. It’s about what kind of America we were and are. We’re trying to define what family is and what America means. That comes down to the stories we tell.” She said she feared Trump’s return to the White House would further incite those calling for book bans: “I don’t have lots of hope. It could get a lot worse.” Over the last year, PEN counted more than 10,000 book bans nationwide that targeted 4,231 unique titles. Most were books dealing with gender, sexuality, race and LGBTQ+ storylines. The most banned title was Jodi Picoult’s “Nineteen Minutes,” about a school shooting that included a short description of date rape. Florida and Iowa — both of which have strict regulations on what students can read — accounted for more than 8,200 bans in the 2023-24 school year. “This crisis is tragic for young people hungry to understand the world they live in and see their identities and experiences reflected in books,” Kasey Meehan, director of PEN’s Freedom to Read Program, said in a statement. “What students can read in schools provides the foundation for their lives.” Trump’s calls to close the Department of Education would need congressional approval, which appears unlikely. Although public schools are largely funded and governed by state and local institutions, the department helps pay to educate students with disabilities, provides about $18 billion in grants for K-12 schools in poor communities and oversees a civil rights branch to protect students from discrimination. But Trump’s election has inspired conservative parental groups, including Moms For Liberty and Parents Defending Education, to strengthen efforts to limit what they see as a liberal conspiracy to indoctrinate children with books and teachings that are perverse, amoral and pornographic. Tiffany Justice, co-founder of Moms for Liberty, has criticized schools that she says spend too much time on diversity and inclusion when only about one-third of U.S. children are reading at grade level: “We’re talking about public school libraries and content for kids,” Justice told NewsNation after Trump’s victory. “I think it’s very clear that there are certain things that are appropriate for kids, certain things that are appropriate for adults. We’re just getting back to commonsense America.” Trump’s threat to deny federal funding to schools that acknowledge transgender identities could affect curricula and the kinds of books school libraries stock. During his rally at Madison Square Garden in October, Trump — who has has accused schools of promoting sex change operations — said his administration would get “transgender insanity the hell out of our schools.” Vice President-elect JD Vance has accused Democrats of wanting to “put sexually explicit books in toddlers’ libraries.” Nicole Neily, president of Parents Defending Education, told Newsmax that she was excited about Trump’s calls to remake education and “clean up a lot of the mess” he has inherited from the Biden administration. Trump “has centered parental rights back in his platform, which is incredible. He has prioritized knowledge and skill, not identity politics,” she said. “American children deserve better, and it is time for change.” In nominating Linda McMahon to be his secretary of Education, Trump appears to be pushing for more conservative parental control over what is taught and read in classrooms. A former professional wrestling executive, McMahon chairs the America First Policy Institute, a Trump-connected organization that has criticized schools for teaching “racially divisive” theories, notably about slavery and a perspective about the nation’s founding it views as anti-American. “Today’s contentious debates over using classrooms for political activism rather than teaching a complete and accurate account of American history have reinvigorated calls for greater parental and citizen involvement in the curriculum approval process,” the institute’s website says. Culturally divisive issues, including race and LGBTQ+ themes, cost school districts an estimated $3.2 billion during the 2023-24 school year, according to a recent study called “The Costs of Conflict.” The survey — published by the Institute for Democracy, Education and Access at UCLA — found that battles over books and teaching about sexuality and other topics led to increased expenses for legal fees, replacing administrators and teachers who quit, and security, including off-duty plainclothes police officers. “Are we really going to spend our tax dollars on these kinds of things?” asked Magnusson. “After Trump was elected, I saw a bunch of middle-class white ladies like me who were saying, ‘This isn’t America.’ But maybe it is America.” One school superintendent in a Western state told the study’s researchers that his staff was often consumed with correcting misinformation and fulfilling public record requests mainly from hard-line parental rights activists attempting to exploit cultural war issues to discredit the district. “Our staff are spending enormous amounts of time just doing stupid stuff,” the superintendent said. “The fiscal costs to the district are enormous, but [so are] the cultural costs of not standing up to the extremists. If someone doesn’t, then the students and employees lose. ... It’s the worst it’s ever been.” The survey found that 29% of 467 school superintendents interviewed reported that teachers and other staff quit their profession or left their districts “due to culturally divisive conflict.” Censoring books in school libraries grew out of opposition to COVID-19 restrictions. A number of conservative parental groups, including Moms for Liberty, which invited Trump to speak at its national convention in August, turned their attention to lobbying against “liberal indoctrination.” Their protests against what they criticized as progressive teaching on sexuality and race were focused on increasing conservative parental control over a public education system that was struggling at teaching children reading and math. That strategy has led to a national, right-wing effort that is “redefining government power to restrict access to information in our schools,” said Stephana Ferrell, co-founder of the Florida Freedom to Read Project. “This movement to protect the innocence of our children believes if children never read it in a book they won’t have to know about it and can go on to lead harmonious lives. But books teach us cautionary tales. They instruct us. You can’t protect innocence through ignorance.” School districts across the country have removed “Gender Queer” by Maia Kobabe and “All Boys Aren’t Blue” by George Johnson, which are about gender identity and include graphic depictions of sex, along with titles by renowned writers such as Toni Morrison, Kurt Vonnegut, George Orwell, Maya Angelou and Flannery O’Connor. Related Articles National Politics | Trump promised mass deportations. Educators worry fear will keep immigrants’ kids from school National Politics | Trump team says Israel-Hezbollah ceasefire deal brokered by Biden is actually Trump’s win National Politics | How Trump’s bet on voters electing him managed to silence some of his legal woes National Politics | Markey vows to oppose nomination of Robert F. Kennedy Jr. to lead health care National Politics | After delay, Trump signs agreement with Biden White House to begin formal transition handoff Surveys show that most Americans do not favor censorship. The Florida Freedom to Read Project and similar organizations around the country have called for thorough public reviews of challenged books to prevent one scene or passage from being taken out of context. Moderate and liberal parents groups over the last two years have also become more active in school board politics. They have supported school board candidates who have defeated those backed by Moms for Liberty in Texas, Florida and other states. “People say the pendulum will swing back,” said Ferrell. But, she said, conservatives want to “stop the pendulum from swinging back.” Picoult is accustomed to conservatives attempting to censor her. Her books have been banned in schools in more than 30 states. Published in 2007, “Nineteen Minutes” explores the lives of characters, including a girl who was raped, in a town leading up to a school shooting and its aftermath. “Having the most banned book in the country is not a badge of honor. It’s a call for alarm,” said Picoult, whose books have sold more than 40 million copies. “My book, and the 10,000 others that have been pulled off school library shelves this year, give kids a tool to deal with an increasingly divided and difficult world. These book banners aren’t helping children. They are harming them.” ©2024 Los Angeles Times. Visit at latimes.com. Distributed by Tribune Content Agency, LLC.
Belfast traffic gridlocked on Bedford Street with nearby Ormeau Avenue and Dublin Road also at a standstill (Image: Belfast Live) The Department for Infrastructure has refused to respond to a series of questions from Belfast Live regarding ongoing traffic congestion issues in the city centre. Earlier this month, in a series on congestion in the city , we asked people who have been impacted by the ongoing congestion what they would do to fix the traffic issues. We spoke to some of those working in retail, hospitality, and public transport about what we can do to alleviate some of the congestion issues, especially in the run-up to Christmas . Read more: Translink statement on tackling Belfast's traffic chaos in run up to Christmas Read more: 'We need to improve moving around Belfast for people - not cars' It comes just over two months since the phased opening of Belfast Grand Central Station with bus services only, followed by the commencement of rail services in mid-October. Recent weeks have seen traffic chaos in the city centre, with ongoing work surrounding the new £340 million public transport hub and a major resurfacing scheme of the A2 Sydenham Bypass contributing to serious congestion in the city. The gridlock has led to Translink advising of delays during the evening rush hour in recent weeks. It has prompted the Department for Infrastructure (DfI) to introduce a moratorium on works from late November to early January, ahead of the busy Christmas trading period. On Friday, November 8, we contacted the Department for Infrastructure with five questions that came up frequently with those we interviewed about city centre congestion issues. Missing our initial response deadline of Monday, November 11, a Department spokesperson confirmed we would receive a response the following day [November 12]. However, this deadline was also missed, with three requests for comment to the DfI press team remaining unanswered over the course of the following week. Here are the questions we put to the Department for Infrastructure: Does the DfI believe an earlier moratorium on roadworks [before 25th November] could help towards slightly freer flowing traffic for the peak festive period? What is the latest response from the DfI on the new phase of the Glider [North to South Belfast], and are there further public realm works planned for the city centre to improve the walking experience? There have been calls for a temporary road realignment during the 12 month Durham Street closure. A suggestion is traffic exiting the city down Bedford Street and onto Ormeau Ave/Road, instead of Dublin Road, to take pressure off Great Victoria Street, alongside a temporary right turn on Hope Street/Bruce Street. Could we get a response from the DfI on whether such suggestions could be implemented? There have been calls for late night transport to be rolled out for the full year, as opposed to just at Christmas. What is the latest response from the DfI to these calls? What is the direct message from the DfI to encourage more people to 'hop on board' over the coming weeks in a bid to try and help reduce city centre congestion in the run up to Christmas? Last week, Translink responded to our questions on how traffic issues in the city can be tackled ahead of Christmas, to encourage more people to visit the city centre. Translink said it recognises the importance of the critical infrastructure projects in roads and utilities currently underway across the city and “continues to work with DfI to find solutions to help ease the congestion and keep people moving around the city.” For all the latest news, visit the Belfast Live homepage here and sign up to our daily newsletter here. Story Saved You can find this story in My Bookmarks. Or by navigating to the user icon in the top right. Follow BelfastLive Facebook Twitter Comment More On Belfast City Centre Traffic and travel Department for Infrastructure Politics South Belfast StormontNone
Over half UK firms plan to raise prices, cut jobs after budget, BoE survey showsSAN RAMON, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal fourth quarter and full year ended October 31, 2024. Fourth quarter 2024 revenue of $1,018.4 million, up 10%, or up 7% organically. Fiscal year 2024 revenue of $3.9 billion, up 8%, or up 8% organically. Fourth quarter 2024 GAAP diluted earnings per share (EPS) of $0.58, up 38%. Fiscal 2024 GAAP diluted EPS of $1.96, up 33%. Fourth quarter 2024 non-GAAP diluted EPS of $1.04, up 19%. Fiscal 2024 non-GAAP diluted EPS of $3.69, up 15%. See "Reconciliation of Selected GAAP Results to Non-GAAP Results" below. Commenting on the results, Al White, Cooper's President and CEO said, "Fiscal 2024 was a great year for Cooper having achieved record consolidated revenues, including record CooperVision revenues, record CooperSurgical revenues and record non-GAAP EPS. We look forward to continued success in fiscal 2025 and thank all of our employees for driving these results." Fourth Quarter Operating Results Revenue of $1,018.4 million, up 10% from last year’s fourth quarter, up 9% in constant currency, up 7% organically. Gross margin of 67% compared with 65% in last year’s fourth quarter driven by price and efficiency gains. On a non-GAAP basis, gross margin was similar to last year at 67%. Operating margin of 19% compared with 15% in last year’s fourth quarter driven by SG&A expense leverage and stronger gross margins. On a non-GAAP basis, operating margin was 26%, up from 24% last year. Interest expense of $27.0 million compared with $26.3 million in last year's fourth quarter. On a non-GAAP basis, interest expense was $25.6 million, down from $26.4 million. Cash provided by operations of $268.1 million offset by capital expenditures of $139.9 million resulted in free cash flow of $128.2 million. Fourth Quarter CooperVision (CVI) Revenue Revenue of $676.4 million, up 9% from last year’s fourth quarter, up 8% in constant currency, up 8% organically. Revenue by category: Revenue by geography: Fourth Quarter CooperSurgical (CSI) Revenue Revenue of $342.0 million, up 12% from last year's fourth quarter, up 12% in constant currency, up 5% organically. Revenue by category: Fiscal Year 2024 Operating Results Revenue of $3,895.4 million, up 8% from fiscal 2023, up 9% in constant currency, up 8% organically. CVI revenue of $2,609.4 million, up 8% from fiscal 2023, up 8% in constant currency, up 9% organically, and CSI revenue $1,286.0 million, up 10% from fiscal 2023, up 11% in constant currency, up 5% organically. Gross margin of 67% compared with 66% in fiscal 2023. Non-GAAP gross margin was 67% compared with 66% in fiscal 2023. Operating margin of 18% compared with 15% in fiscal 2023. Non-GAAP operating margin was 25% compared with 24% in fiscal 2023. Cash provided by operations of $709.3 million offset by capital expenditures of $421.2 million resulted in free cash flow of $288.1 million. Fiscal Year 2025 Financial Guidance The Company initiated its fiscal year 2025 financial guidance. Details are summarized as follows: Fiscal 2025 total revenue of $4,080 - $4,158 million (organic growth of 6% to 8%) CVI revenue of $2,733 - $2,786 million (organic growth of 6.5% to 8.5%) CSI revenue of $1,347 - $1,372 million (organic growth of 4% to 6%) Fiscal 2025 non-GAAP diluted earnings per share of $3.92 - $4.02 Non-GAAP diluted earnings per share guidance excludes amortization and impairment of intangible assets, and certain income or gains and charges or expenses including acquisition and integration costs which we may incur as part of our continuing operations. With respect to the Company’s guidance expectations, the Company has not reconciled non-GAAP diluted earnings per share guidance to GAAP diluted earnings per share due to the inherent difficulty in forecasting acquisition-related, integration and restructuring charges and expenses, which are reconciling items between the non-GAAP and GAAP measures. Due to the unknown effect, timing and potential significance of such charges and expenses that impact GAAP diluted earnings per share, the Company is not able to provide such guidance. Reconciliation of Selected GAAP Results to Non-GAAP Results To supplement our financial results and guidance presented on a GAAP basis, we provide non-GAAP measures such as non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted earnings per share, as well as constant currency and organic revenue growth because we believe they are helpful for the investors to understand our consolidated operating results. Management uses supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, to make operating decisions, and to plan and forecast for future periods. The non-GAAP measures exclude costs which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. We provide further details of the non-GAAP adjustments made to arrive at our non-GAAP measures in the GAAP to non-GAAP reconciliations below. Our non-GAAP financial results and guidance are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. To present constant currency revenue growth, current period revenue for entities reporting in currencies other than the United States dollar are converted into United States dollars at the average foreign exchange rates for the corresponding period in the prior year. To present organic revenue growth, we excluded the effect of foreign currency fluctuations and the impact of any acquisitions, divestitures and discontinuations that occurred in the comparable period. We define the non-GAAP measure of free cash flow as cash provided by operating activities less capital expenditures. We believe free cash flow is useful for investors as an additional measure of liquidity because it represents cash that is available to grow the business, make strategic acquisitions, repay debt, or buyback common stock. Management uses free cash flow internally to understand, manage, make operating decisions and evaluate our business. In addition, we use free cash flow to help plan and forecast future periods. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. EPS, amounts and percentages may not sum or recalculate due to rounding. (1) Charges include the direct effects of acquisition accounting, such as amortization of inventory fair value step-up, professional services fees, regulatory fees and changes in fair value of contingent considerations, and items related to integrating acquired businesses, such as redundant personnel costs for transitional employees, other acquired employee related costs, and integration-related professional services, manufacturing integration costs, legal entity rationalization and other integration-related activities. The acquisition and integration-related charges in fiscal 2024 were primarily related to the Cook Medical acquisition and integration expenses. The acquisition and integration-related charges in fiscal 2023 were primarily related to the Generate acquisition and integration expenses. Charges included $2.9 million and $8.4 million related to redundant personnel costs for transitional employees, $0.7 million and $4.5 million of professional services fees, $1.4 million and $1.4 million of manufacturing integration costs, $1.5 million and 1.5 million of inventory fair value step-up amortization, and $0.7 million and $4.1 million of other acquisition and integration-related activities in the three and twelve months ended October 31, 2024, respectively. The twelve months ended October 31, 2024 also included $0.7 million regulatory fees. Charges included $7.5 million and $21.9 million related to redundant personnel costs for transitional employees, $6.5 million and $16.2 million of professional services fees, $2.9 million and $6.5 million of manufacturing integration costs, $3.1 million and $5.0 million of legal entity rationalization costs, $0.9 million and $2.7 million regulatory fees, and $0.6 million and $5.0 million in other acquisition and integration-related activities, in the three and twelve months ended October 31, 2023, respectively. (2) Charges include costs related to product line exits such as inventory write-offs, site closure costs, contract termination costs and specifically-identified long-lived asset write-offs. Charges included $2.3 million of write-offs of long-lived assets and $1.7 million of other costs related to product line exits in the twelve months October 31, 2024. No charge related to product line exits was incurred in the three months ended October 31, 2024. Charges included $3.4 million and $7.9 million of site closure costs related to the exit of the lens care business, $0.4 million and $1.1 million of other costs related to product line exits in the three and twelve months ended October 31, 2023, respectively. The fourth quarter of fiscal 2023 also included $9.8 million of intangible assets impairment charge associated with the discontinuation of certain products. (3) Charges represent incremental costs of complying with the new European Union (E.U.) medical device regulations for previously registered products and primarily include charges for contractors supporting the project and other direct third-party expenses. We consider these costs to be limited to a specific time period. (4) Charges represent the costs associated with initiatives to increase efficiencies across the organization and optimize our overall cost structure, including changes to our IT infrastructure and operations, employee severance costs, legal entity and other business reorganizations, write-offs or impairments of certain long-lived assets associated with the business optimization activities. Charges included $1.5 million and $10.6 million of employee severance costs, $1.0 million and $4.1 million related to changes to our IT infrastructure and operation, and $0.4 million and $2.9 million of legal entity and other business reorganizations costs, in the three and twelve months ended October 31, 2024, respectively. The twelve months ended October 31, 2024 also included $0.7 million of other optimization costs. Charges included $1.4 million and $11.3 million of employee severance costs, $1.4 million and $1.9 million of legal entity and other business reorganizations costs, and $0.3 million and $5.9 million related to changes to our IT infrastructure and operations, partially offset by $0.2 million and $0.4 million of other items in the three and twelve months ended October 31, 2023, respectively. (5) Amount represents an accrual for probable payment of a termination fee in connection with an asset purchase agreement in the second quarter of 2023, which was paid in August 2023. (6) Amount represents the release the contingent consideration liability associated with SightGlass Vision's regulatory approval milestone in the first quarter of 2023. (7) Charges include certain business disruptions from natural causes, litigation matters and other items that are not part of ordinary operations. The adjustments to arrive at non-GAAP net income also include gains and losses on minority interest investments and accretion of interest attributable to acquisition installment payables. Charges included $1.5 million and $5.9 million of gains and losses on minority interest investments, $1.4 million and $5.5 million of accretion of interest attributable to acquisition installments payable, $0.6 million and $1.5 million related to legal matters in the three and twelve months ended October 31, 2024, respectively. Charges included $1.6 million and $6.3 million of gains and losses on minority interest investments, and $1.3 million and $4.6 million related to legal matters in the three and twelve months ended October 31, 2023, respectively. The twelve months ended October 31, 2023 also included $1.1 million of other items. (8) In fiscal 2021, the Company transferred its CooperVision intellectual property and goodwill to its UK subsidiary. As a result, we recorded a deferred tax asset equal to approximately $2.0 billion as a one-time tax benefit in accordance with U.S. GAAP in fiscal 2021 as subsequently adjusted for changes in UK tax law. The non-GAAP adjustments reflect the ongoing net deferred tax benefit from tax amortization each period under UK tax law. Audio Webcast and Conference Call The Company will host an audio webcast today for the public, investors, analysts and news media to discuss its fourth quarter results and current corporate developments. The audio webcast will be broadcast live on CooperCompanies' website, www.investor.coopercos.com , at approximately 5:00 PM ET. It will also be available for replay on CooperCompanies' website, www.investor.coopercos.com . Alternatively, you can dial in to the conference call at 800-715-9871; conference ID 2026064. About CooperCompanies CooperCompanies (Nasdaq: COO) is a leading global medical device company focused on improving lives one person at a time. The Company operates through two business units, CooperVision and CooperSurgical. CooperVision is a trusted leader in the contact lens industry, improving the vision of millions of people every day. CooperSurgical is a leading fertility and women's health company dedicated to assisting women, babies and families at the healthcare moments that matter most. Headquartered in San Ramon, CA, CooperCompanies ("Cooper") has a workforce of more than 16,000 with products sold in over 130 countries. For more information, please visit www.coopercos.com. Forward-Looking Statements This earnings release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Statements relating to guidance, plans, prospects, goals, strategies, future actions, events or performance and other statements of which are other than statements of historical fact, including our fiscal year 2025 financial guidance are forward looking. In addition, all statements regarding anticipated growth in our revenues, anticipated effects of any product recalls, anticipated market conditions, planned product launches, restructuring or business transition expectations, regulatory plans, and expected results of operations and integration of any acquisition are forward-looking. To identify these statements look for words like "believes," "outlook," "probable," "expects," "may," "will," "should," "could," "seeks," "intends," "plans," "estimates" or "anticipates" and similar words or phrases. Forward-looking statements necessarily depend on assumptions, data or methods that may be incorrect or imprecise and are subject to risks and uncertainties. Among the factors that could cause our actual results and future actions to differ materially from those described in forward-looking statements are: adverse changes in the global or regional general business, political and economic conditions including the impact of continuing uncertainty and instability of certain countries, man-made or natural disasters and pandemic conditions, that could adversely affect our global markets, and the potential adverse economic impact and related uncertainty caused by these items; the impact of international conflicts and the global response to international conflicts on the global and local economy, financial markets, energy markets, currency rates and our ability to supply product to, or through, affected countries; our substantial and expanding international operations and the challenges of managing an organization spread throughout multiple countries and complying with a variety of legal, compliance and regulatory requirements; foreign currency exchange rate and interest rate fluctuations including the risk of fluctuations in the value of foreign currencies or interest rates that would decrease our net sales and earnings; our existing and future variable rate indebtedness and associated interest expense is impacted by rate increases, which could adversely affect our financial health or limit our ability to borrow additional funds; changes in tax laws, examinations by tax authorities, and changes in our geographic composition of income; acquisition-related adverse effects including the failure to successfully achieve the anticipated net sales, margins and earnings benefits of acquisitions, integration delays or costs and the requirement to record significant adjustments to the preliminary fair value of assets acquired and liabilities assumed within the measurement period, required regulatory approvals for an acquisition not being obtained or being delayed or subject to conditions that are not anticipated, adverse impacts of changes to accounting controls and reporting procedures, contingent liabilities or indemnification obligations, increased leverage and lack of access to available financing (including financing for the acquisition or refinancing of debt owed by us on a timely basis and on reasonable terms); compliance costs and potential liability in connection with U.S. and foreign laws and health care regulations pertaining to privacy and security of personal information such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Consumer Privacy Act (CCPA) in the U.S. and the General Data Protection Regulation (GDPR) requirements in Europe, including but not limited to those resulting from data security breaches; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development, distribution facilities or raw material supply chain due to challenges associated with integration of acquisitions, man-made or natural disasters, pandemic conditions, cybersecurity incidents or other causes; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development or distribution facilities due to the failure to perform by third-party vendors, including cloud computing providers or other technological problems, including any related to our information systems maintenance, enhancements or new system deployments, integrations or upgrades; a successful cybersecurity attack which could interrupt or disrupt our information technology systems, or those of our third-party service providers, or cause the loss of confidential or protected data; market consolidation of large customers globally through mergers or acquisitions resulting in a larger proportion or concentration of our business being derived from fewer customers; disruptions in supplies of raw materials, particularly components used to manufacture our silicone hydrogel lenses; new U.S. and foreign government laws and regulations, and changes in existing laws, regulations and enforcement guidance, which affect areas of our operations including, but not limited to, those affecting the health care industry, including the contact lens industry specifically and the medical device or pharmaceutical industries generally, including but not limited to the EU Medical Devices Regulation (MDR), and the EU In Vitro Diagnostic Medical Devices Regulation (IVDR); legal costs, insurance expenses, settlement costs and the risk of an adverse decision, prohibitive injunction or settlement related to product liability, patent infringement, contractual disputes, or other litigation; limitations on sales following product introductions due to poor market acceptance; new competitors, product innovations or technologies, including but not limited to, technological advances by competitors, new products and patents attained by competitors, and competitors' expansion through acquisitions; reduced sales, loss of customers, reputational harm and costs and expenses, including from claims and litigation related to product recalls and warning letters; failure to receive, or delays in receiving, regulatory approvals or certifications for products; failure of our customers and end users to obtain adequate coverage and reimbursement from third-party payers for our products and services; the requirement to provide for a significant liability or to write off, or accelerate depreciation on, a significant asset, including goodwill, other intangible assets and idle manufacturing facilities and equipment; the success of our research and development activities and other start-up projects; dilution to earnings per share from acquisitions or issuing stock; impact and costs incurred from changes in accounting standards and policies; risks related to environmental laws and requirements applicable to our facilities, products or manufacturing processes, including evolving regulations regarding the use of hazardous substances or chemicals in our products; risks related to environmental, social and corporate governance (ESG) issues, including those related to regulatory and disclosure requirements, climate change and sustainability; and other events described in our Securities and Exchange Commission filings, including the “Business”, “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024, as such Risk Factors may be updated in annual and quarterly filings. 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. Contact: Kim Duncan Vice President, Investor Relations and Risk Management 925-460-3663 ir@cooperco.com THE COOPER COMPANIES, INC. AND SUBSIDIARIES GAAP to Non-GAAP Reconciliation Constant Currency Revenue Growth and Organic Revenue Growth Net Sales
Lincoln man sentenced for robbery with Hostess box over his hand
Danny Jones’ wife breaks down in tears on camera as she admits she struggling while he’s on I’m A Celeb( MENAFN - The Conversation) This quote , from Curt Siodmak's 1974 novel City in the Sky, describes how hard it can be to suppress our thoughts.“Don't think of a pink elephant” has become a classic example of how difficult it can be to intentionally avoid visualising. Research suggests many of you, having read about a pink elephant, will have imagined seeing one. However, some people, like us, have aphantasia – we cannot visualise. So we are a little confused at the idea other people can imagine seeing things that aren't there. In a new study , we have found evidence the pink elephant problem is not universal. Some people – including people with aphantasia – can block involuntary visual thoughts from their minds. People with aphantasia cannot voluntarily imagine seeing things in our mind's eye. So if you ask us not to think about a pink elephant, we won't visualise one, because we can't. Aphantasia is typically described as a deficit. When people first learn they have aphantasia they are often upset, as they realise other people can do things they cannot. It might be nice to imagine seeing the characters described in a book, for example, or to visualise an absent loved one. However, deficits are often balanced by benefits. There are suggestions people with aphantasia (or aphantasics, as we're sometimes called) may have a heightened resistance to involuntary intrusive thoughts. Another way to look at it is that aphantasics are one portion of a natural diversity of human minds, with people having different capacities to visualise. Where aphantasics have no capacity, most people would have an average ability, and a small number of people would have an extremely strong ability to visualise. In our new study, we looked at links between the intensity of people's visual imaginations and their tendency to visualise, even when they try not to. People with vivid visual imaginations were more likely to have involuntary visualisations, and we could predict these outcomes by measuring brain activity. Some people might enjoy being able to imagine seeing detailed scenes whenever they wish. However, this seems to come at the cost of not being able to shut down these experiences. Most people have less vibrant imagery, but they seem to be more able to suppress these thoughts. Aphantasics are unlikely to have involuntary visualisations. Does that mean they have peaceful minds? In our study people who reported having weak imagery were less likely to imagine seeing things they were trying not to think about. However, they were more likely to report mind-wandering. If this describes aphantasics, instead of visualising things we are told not to think about, we may turn our minds to other thoughts, such as what's for dinner. So we would not have more peaceful minds, just a resistance to think about things we are trying to put out of mind. From our own experience, we can confirm at least some aphantasics have minds that wander. But when our minds wander, neither of us imagines seeing things. Our experiences are different. When Derek's mind wanders he imagines hearing and engaging in purely audio conversations. As daydreaming is typically associated with vision, he did not realise until very recently these imagined conversations could be described as his experience of daydreaming. Loren cannot visualise or imagine hearing things. She experiences her thoughts as different sensations of texture and imagined feelings of movement – and these are what she experiences when her mind wanders. Perhaps. While our evidence suggests aphantasics are resistant to involuntary visualisations, more research will be needed to work out if we are resistant to reliving traumas, or if these will simply trigger different types of imagined experience. What is clear is that Siodmak was wrong. If you tell people they shouldn't think of a pink elephant, some of us will happily put that beast out of our minds, and turn our thoughts to other matters. What's for dinner? MENAFN27112024000199003603ID1108934263 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Friendly reminder |
The authenticity of this information has not been verified by this website and is for your reference only. Please do not reprint without permission. If authorized by this website, it should be used within the scope of authorization and marked with "Source: this website". |
Special attention |
Some articles on this website are reprinted from other media. The purpose of reprinting is to convey more industry information, which does not mean that this website agrees with their views and is responsible for their authenticity. Those who make comments on this website forum are responsible for their own content. This website has the right to reprint or quote on the website. The comments on the forum do not represent the views of this website. If you need to use the information provided by this website, please contact the original author. The copyright belongs to the original author. If you need to contact this website regarding copyright, please do so within 15 days. |