PLEASANTON, Calif.—The Cooper Companies, (NYSE:COO) reported record revenue for the full year ended Oct. 31, 2015, despite a slight softness in the fourth quarter.

The contact lens maker reported that its revenue for its fiscal year increased 5 percent, to $1,797.1 million, although fourth quarter revenue slipped 3 percent year-over-year to $455.5 million. Taking into account constant currency rates and a boost from acquisitions, though, the company’s fourth quarter revenue rose 4 percent over year-ago. Fourth quarter free cash flow $46.2 million and adjusted free cash flow $60.9 million. Fiscal 2015 free cash flow $147.9 million and adjusted free cash flow $216.4 million.

Commenting on the results, Robert S. Weiss, Cooper's president and chief executive officer said, "I am pleased to report record revenue and record non-GAAP EPS for the year. We accomplished this through market share gains across our geographies, success with the Biofinity family of products and a continued push into 1 Day silicone hydrogel with clariti and MyDa. As we enter fiscal 2016, we remain encouraged by our business trends and believe we are well positioned for sustained growth going forward."

Cooper Companies reported a gross margin of 56 percent compared with 60 percent in last year's fourth quarter. Gross margin was negatively impacted primarily by currency and integration and facility start-up costs, offset in part by growth in Biofinity, the company said. Excluding integration and facility start-up costs, gross margin was 64 percent versus 63 percent last year.

Operating margin was 9 percent compared with 8 percent in last year's fourth quarter. Depreciation $37.0 million, up 30 percent from last year's fourth quarter, due primarily to $6.5 million of accelerated depreciation related to the acquisition of Saufilon. Amortization $13.1 million, down 7 percent from last year's fourth quarter. Total debt increased $42.1 million from July 31, 2015, to $1,350.0 million, primarily due to the acquisition of Reprogenetics and stock buybacks, offset by operational cash flow generation, the company said.