Elon Musk hits out at Albanese government’s ‘backdoor’ social media banSAN 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 SalesInsurgents reach gates of Syria’s capital, threatening to upend decades of Assad ruleTight end Colston Loveland announced on social media Friday that he is going to enter the 2025 NFL Draft. Loveland spent the last three years at Michigan and is ranked as one of this year’s top prospects at the position. Loveland caught 56 passes for 582 yards and five touchdowns in 10 games for the Wolverines this season. He had 45 catches for 649 yards and four touchdowns on the way to winning a national title during the 2023 season. The Wolverines also saw defensive lineman Mason Graham and cornerback Will Johnson declare for the draft this week as the final remnants of that title team make their way from Ann Arbor to the professional ranks.
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Volvo EX30 Gets Max 5-Star Safety Rating from Euro NCAP
A bullet was discovered just metres from a Melbourne synagogue targeted by arsonists last week as Jewish community members prepare to gather in solidarity against the anti-Semitic attack. The bullet was found by a boy outside the Adass Israel Synagogue in Ripponlea on Saturday afternoon. WATCH THE VIDEO ABOVE: Bullet found at firebombed synagogue It isn’t clear how long the bullet was there for and police have confirmed they are investigating. The discovery came a day after the building was significantly damaged in a firebombing attack in the early hours of Friday morning . Two of its three buildings were gutted after it was set alight by two masked men in what police have described as a targeted attack. Two congregants who were inside at the time preparing for morning prayers were evacuated, one suffering minor injuries. More than a thousand community members are expected to meet at an undisclosed location in Ripponlea to “stand against hate” on Sunday. The rally will finish with flowers being laid at the synagogue. “This rally is a moment to unite, reflect and reaffirm our shared commitment to resilience and togetherness in our community,” organisers J-United said. Orthodox Jewish parents and children walking through the Ripponlea neighbourhood in Melbourne’s southeast on Saturday paused to take in the damage. The attack on a place of worship, which was built by Holocaust survivors, has led to a heightened sense of fear in the community, Executive Council of Australian Jewry president Daniel Aghion said. Victorian Premier Jacinta Allan confirmed increased police patrols to bolster safety into the coming week and pledged $100,000 towards rebuilding. Despite condemning the attack, she is not expected to attend Sunday’s rally. Politicians and religious leaders unanimously condemned the anti-Semitic arson attack, with Albanese offering to send in Australian Federal Police to help with the Victoria Police investigation. Israeli Prime Minister Benjamin Netanyahu blamed the attack on the Labor Government’s “extreme anti-Israeli position” saying the two were “impossible to separate”. “The burning of the Adass Israel synagogue in Melbourne is an abhorrent act of antisemitism,” he wrote on X. “I expect the state authorities to use their full weight to prevent such antisemitic acts in the future.” He said the governments decision to support the United Nation’s call to end Israel’s presence in Gaza was “scandalous”. “Anti-Israel sentiment is antisemitism,” he said. In response, the Australian Palestine Advocacy Network said any attack on a place of worship was an unacceptable act of hate via social media but accused Netanyahu of seeking to sow division as a distraction from his government’s actions. Former federal treasurer Josh Frydenberg called on Prime Minister Anthony Albanese to set up a police task force devoted to stamping out anti-Semitism and declare the Ripponlea attack a terrorist act. A pro-Palestine rally is expected to be held outside the State Library of Victoria in Melbourne CBD on Sunday that will end with a march through the CBD. That rally has been running weekly for the past year. - With Molly Magennis'Open your doors': Notre Dame re-opens after five-year refit
Essential Utilities Marks 50 Years of Safe Drinking Water Act with Commitment to Clean Water
The air around us contains a powerful solution for making agriculture more sustainable. Researchers at Stanford University and King Fahd University of Petroleum and Minerals in Saudi Arabia have developed a prototype device that can produce ammonia—a key fertilizer ingredient—using wind energy to draw air through a mesh. The approach they developed, if perfected, might eliminate the need for a century-old method that produces by combining nitrogen and hydrogen at high pressures and temperatures. The older method consumes 2% of global energy and contributes 1% of annual carbon dioxide emissions from its reliance on natural gas. The study, Dec. 13 in , involved the first on-site—rather than in a lab—demonstration of the technology. The researchers envision someday integrating the device into , enabling farmers to generate fertilizer directly from the air. "This breakthrough allows us to harness the nitrogen in our air and produce ammonia sustainably," said study senior author Richard Zare, the Marguerite Blake Wilbur Professor in Natural Science at the Stanford School of Humanities and Sciences. "It's a significant step toward a decentralized and eco-friendly approach to agriculture." A cleaner alternative In preparation for designing their device, the researchers studied how different environmental factors—like humidity, , salt levels, and acidity—affect ammonia production. They also looked at how the size of water droplets, the concentration of the solution, and the contact of water with materials that do not dissolve in water impact the process. Lastly, they tested the best mix of iron oxide and an acid polymer with fluorine and sulfur to determine the ideal conditions for producing ammonia and understand how these interact with water droplets. The Stanford team's process makes ammonia cleanly and inexpensively and utilizes the surrounding air to get nitrogen and hydrogen from water vapor. By passing air through a mesh coated with catalysts to facilitate the necessary reaction, the researchers produced enough ammonia with a sufficiently high concentration to serve as a hydroponic fertilizer in greenhouse settings. Unlike traditional methods, the new technique operates at room temperature and standard atmospheric pressure, requiring no external voltage source to be attached to the mesh. Farmers could run the portable device onsite, eliminating the need to purchase and ship fertilizer from a manufacturer. "This approach significantly reduces the carbon footprint of ammonia production," said study lead author Xiaowei Song, a chemistry research scientist at Stanford. In laboratory experiments, the team demonstrated further potential by recycling water through a spraying system, achieving ammonia concentrations sufficient to fertilize plants grown in a greenhouse after just two hours. By incorporating a filter made from a microporous stone material, this approach could produce enough ammonia to support broader agricultural applications. A future without fossil fuels The device is two to three years away from being market-ready, according to study co-author Chanbasha Basheer of King Fahd University of Petroleum and Minerals. In the meantime, the researchers plan to use increasingly large mesh systems to produce more ammonia. "There is a lot of room to develop this," Basheer said. Ammonia's importance extends beyond fertilizers. As a clean energy carrier, it can store and transport renewable energy more efficiently than hydrogen gas due to its higher energy density. The innovation positions ammonia as a linchpin in decarbonizing industries like shipping and power generation. "Green ammonia represents a new frontier in sustainability," Zare said. "This method, if it can be scaled up economically, could drastically reduce our reliance on fossil fuels across multiple sectors."Jaylen Blakes, Maxime Raynaud and Oziyah Sellers combined for 35 points in a 47-point, first half explosion Saturday afternoon and Stanford ran away from California for an 89-81 Atlantic Coast Conference road win in Berkeley, Calif. Raynaud and Blakes finished with 20 points apiece for the Cardinal (8-2, 1-0 ACC), who won their first ever game in ACC competition. Andrej Stojakovic had a game-high 25 points and Jovan Blacksher Jr. added 14 for the Golden Bears (6-3, 0-1), who dropped their second in a row after a 6-1 start. Playing just its second true road game of the season, Stanford scored 14 of the game's first 18 points and never looked back. Raynaud and Ryan Agarwal hit 3-pointers in the run. Blakes had 14 points, Raynaud 11 and Sellers 10 in the first half, which ended with Stanford in front 47-31. Cal was still down 81-65, after two free throws by Stanford's Chisom Okpara with 3:58 remaining before making a little run. Mady Sissoko converted a three-point play and Rytis Petraitis and Joshua Ola-Joseph connected on consecutive 3-pointers in a 9-0 flurry that made it a seven-point game with still 2:13 to go. It got as close as six when Stojakovic drilled a 3-pointer with 1:21 left, but Okpara and Blakes dropped in late layups to keep the hosts at arm's length. Seven of the nine Cardinal who saw action hit at least half his field goal attempts, led by Raynaud's 8-for-15 and Blakes' 7-for-13. Stanford finished 52.6 percent as a team. Both were deadly from the 3-point line as well, with Raynaud going 4-for-6 and Blakes 2-for-4. With Sellers adding 3-for-6, the Cardinal made 11 of their 23 attempts (47.8 percent) from beyond the arc. Raynaud also found time for five blocks, while Agarwal and Aidan Cammann shared Stanford rebound honors with seven. Blakes complemented his 20 points with a team-high six assists and two blocks. The Cardinal registered 19 assists on 30 baskets, while Cal had just five on its 30 hoops. Agarwal and Okpara each also scored in double figures with 11 points. Facing his old team for the first time after transferring to Cal over the summer, Stojakovic shot 11-for-25. The Golden Bears finished at 42.3 percent overall and 38.1 percent (8 of 21) on 3-pointers. Ola-Joseph and Sissoko, who had 11 points, were the game's leading rebounders with eight apiece. -Field Level Media
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HPE stock rises as Q4 results top estimates, guidance impresses
CULLOWHEE, N.C. (AP) — Brit Harris' 16 points helped South Carolina Upstate defeat Western Carolina 74-68 on Saturday night. Harris shot 6 of 9 from the field and 3 of 5 from the free-throw line for the Spartans (4-8). Carmelo Adkins added 14 points while going 5 of 8 (2 for 4 from 3-point range) while they also had five rebounds. Karmani Gregory shot 4 for 13 (0 for 3 from 3-point range) and 3 of 5 from the free-throw line to finish with 11 points. The Catamounts (3-5) were led in scoring by Bernard Pelote, who finished with 14 points. Cord Stansberry added 14 points and three steals for Western Carolina. CJ Hyland finished with nine points and four assists. Both teams next play Saturday. South Carolina Upstate visits South Carolina and Western Carolinaplays UNC Asheville on the road. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Bill Belichick didn't wait around for a call that he might not get from an NFL team. With no guarantees that another opportunity might come his way — only the Atlanta Falcons interviewed Belichick last offseason — and unsure whether he could find the right fit in the NFL, the 72-year-old future Hall of Fame coach decided to go back to school. Belichick took his eight Super Bowl rings to North Carolina on a mission to build a college program the way he constructed two dynasties during 24 seasons with the New England Patriots. It starts with doing things his way. The Patriot Way is legendary. Perhaps it'll translate into the Tar Heel way. That's to be determined. But Belichick is back doing what he loves: coaching. And, he's going to run the show with his guys around him. An NFL team giving Belichick full control the way he had in New England seemed unlikely. Success at North Carolina could change that thinking. For now, Belichick's quest to break Don Shula's all-time record for most wins in the NFL is on hold. He's 15 victories short but the buyout clause in his college contract — a $10 million fee if done before June 2025 and $1 million after that date — leaves the window open for a return to the league. If Belichick stays in college or retires without returning to the NFL, his legacy is already cemented. Winning at North Carolina will only enhance his reputation. Losing won't impact his NFL resume. "He's one of the all-time great coaches. What he's done for the NFL and the game, we all know where he'll end up — in the Hall of Fame with a gold jacket," Dallas Cowboys executive Stephen Jones said Wednesday shortly before Belichick agreed on a five-year deal with North Carolina that pays him $10 million in base and supplemental salary annually with up to $3.5 million in bonuses per year. Belichick has his detractors. There's no denying he couldn't win without Tom Brady. He was 29-39 and had no playoff wins without No. 12 in his final four seasons with the Patriots. Critics have labeled him a cheater because of the Spygate and Deflategate scandals. He overlooked Aaron Hernandez's issues. He was tough on players, even alienating Brady in the end and letting him walk him away in free agency in 2020 only to see him lead the Tampa Bay Buccaneers to a Super Bowl in his first season there. But Belichick instilled in players the importance of doing their job and presided over an unprecedented two-decade run of dominance that withstood changing times, free agency, salary-cap restrictions and much more. Brady has always maintained how important Belichick was for his career, giving him credit for helping him become one of the best players in sports. Now, Belichick is onto Chapel Hill in a surprise twist after he spent most of the NFL season reinventing himself as an entertaining and engaging analyst. Belichick is a football genius and his knowledge came across on television. But he also displayed a fun personality, trading quips with the Mannings and cracking jokes with Pat McAffee. "College kind of came to me this year," Belichick said at his introductory news conference. "I didn't necessarily go and seek it out. I had many coaches, probably a couple dozen coaches, talk to me and say, 'Can we come down and talk to you about these things?' Let's call it the salary cap of pro football relative to college football. The headsets, the green dot, the two-minute warning, the tablets on the sideline. Those were all rules changes this year for college football that were either or the same or similar to what we had in the NFL. These coaches said, 'Hey coach can we talk to you about how you did this? How you did that? How did you use this?'. "As those conversations started and then the personnel conversations started relative to salary cap and how you spend whatever the allotment of money you have. I'd say that started to make me a lot more aware of it because the first thing I would have to do is learn about it. .... As you learn different things about different programs you start to put it all together. There is some common threads and there's some variables." How will he do as a college coach? Nobody knows yet. Three of Belichick's former players were skeptical before he took the job. "There's a lot of things he can do, and obviously he's tremendous, and even showing his personality. But getting out there on the recruiting trail and dealing with all these college kids, that would be ..." Brady said before trailing off during a conversation on Fox's NFL pregame show last Sunday. Fellow former Patriots Rob Gronkowski and Julian Edelman also wondered the same. "Can you imagine NIL, and all that nonsense?" Gronkowski said. Edelman added: "Can you imagine Bill on a couch recruiting an 18-year-old?" But Belichick doesn't have to recruit kids on visits. These are new times in college sports. The NIL has dramatically changed the landscape. Plus, Belichick's name is enough. Just like Deion Sanders at Colorado. "I think it could be great for this game, honestly, if he can find a way to make college football more like this in terms of what's being asked of the coaches, the recruiting staff, the personnel, the NIL, and all those different things," Tampa Bay Buccaneers offensive coordinator Liam Cohen said. "If he can make it a little bit less demanding on some of the coaches and create a great atmosphere and have success, I think it's great for our game. It's pretty cool to see, actually." Time for Belichick to do his job. Get local news delivered to your inbox!