Coherent (COHR) reported $1.43 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 26.8%. EPS of $0.95 for the same period compares to $0.36 a year ago.The reported revenue represents a surprise of +4.32% over the Zacks Consensus Estimate of $1.38 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +35.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

INVESTOR PRESENTATION Second Quarter Fiscal 2025 February 2025 Copyright 2025, Coherent. All rights reserved. 1 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding (i) the growth, megatrends, and value proposition in the markets we serve including industrial, communications, electronics, and instrumentation; and (ii) our estimates and projections for our business outlook for the third quarter of fis ...

Coherent (COHR) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 35.71%. A quarter ago, it was expected that this Laser and optics manufacturer would post earnings of $0.63 per share when it actually produced earnings of $0.74, delivering a surprise of 17.46%.Over the last four quarter ...

Financial Performance - Total revenues for the three months ended December 31, 2024 increased 27% to $1,435 million, compared to $1,131 million for the same period last fiscal year [112]. - Revenues for the six months ended December 31, 2024 increased 27% to $2,783 million, compared to $2,185 million for the same period last fiscal year [115]. - Networking revenues increased 56% year-over-year due to strong AI datacenter demand and recovery in telecom [114]. - Lasers revenue increased 6% year-over-year, reflecting strong demand in display capital equipment and semiconductor capital equipment [114]. - Materials revenues decreased 4% year-over-year, primarily due to weak automotive end market demand [114]. - Networking segment revenues for the three months ended December 31, 2024 increased 56% to $816 million, compared to $524 million for the same period last fiscal year [127]. - Materials segment revenues for the three months ended December 31, 2024 decreased 4% to $243 million, compared to $254 million for the same period last fiscal year [129]. - Lasers segment revenues for the three months ended December 31, 2024 increased 6% to $375 million, compared to $354 million for the same period last fiscal year [132]. Profitability and Expenses - Gross margin for the three months ended December 31, 2024 was $509 million, or 36% of total revenues, an increase of 452 basis points from 31% in the same period last fiscal year [116]. - Research and development expenses for the three months ended December 31, 2024 were $144 million, or 10% of revenues, compared to $111 million, or 10% of revenues, for the same period last fiscal year [117]. - SG&A expenses for the three months ended December 31, 2024 were $221 million, or 15% of revenues, down from $209 million, or 18% of revenues for the same period last fiscal year [118]. - Segment profit for the Networking segment for the three months ended December 31, 2024 increased 61% to $153 million, compared to $95 million for the same period last fiscal year [128]. Restructuring and Synergies - The restructuring plan approved on May 23, 2023 resulted in charges of $8 million for the three months ended December 31, 2024, primarily for site move costs and employee termination costs [107]. - The company achieved its previously announced $250 million synergy plan, which includes savings from supply chain management and operational efficiencies [108]. - Restructuring charges for the three and six months ended December 31, 2024 were $8 million and $32 million, respectively, compared to a net recovery of $2 million and net charges of $1 million for the same periods in 2023 [119]. - The company expects restructuring actions to be substantially completed by the end of fiscal 2025 [107]. Cash Flow and Debt - Net cash provided by operating activities was $340 million for the six months ended December 31, 2024, compared to $266 million for the same period last fiscal year [137]. - Net cash used in investing activities was $172 million for the six months ended December 31, 2024, compared to $156 million for the same period last fiscal year [138]. - Net cash used in financing activities was $266 million for the six months ended December 31, 2024, compared to net cash provided of $859 million for the same period last fiscal year [139]. - As of December 31, 2024, total debt obligations amounted to $3.86 billion, down from $4.1 billion as of June 30, 2024 [142]. - The company made payments of $248 million for the Term Facilities during the six months ended December 31, 2024, including voluntary payments of $215 million [142]. - The company received $1.0 billion in exchange for 25% equity of Silicon Carbide LLC, aimed at funding future capital expansion [143]. - As of December 31, 2024, the company held approximately $783 million of cash, cash equivalents, and restricted cash outside the United States [145]. - The company believes existing cash, cash flow from operations, and available borrowing capacity will be sufficient to fund its needs for at least the next twelve months [144]. Interest and Taxation - Interest and other, net for the three months ended December 31, 2024 was an expense of $8 million, a decrease of $61 million from $69 million for the same period last fiscal year [121]. - The effective income tax rate for the year-to-date at December 31, 2024 was 14%, down from 24% for the same period in 2023 [122]. - The company incurred interest expenses of $52 million and $106 million for the three and six months ended December 31, 2024, respectively [141]. - The interest rate cap reduced interest expense by $7 million and $21 million for the three and six months ended December 31, 2024, respectively [141]. - A change in interest rates of 100 basis points on variable rate borrowings would have resulted in additional interest expense of $8 million and $16 million for the three and six months ended December 31, 2024, respectively [148]. Risk Management - The company paused its balance sheet hedging program indefinitely as of September 30, 2024, while continuing to analyze foreign exchange risks [147].

Q2 REVENUE OF $1.43B, INCREASED 27% Y/YQ2 GAAP GROSS MARGIN OF 35.5%, INCREASED 452 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 38.2%, INCREASED 363 bps Y/YQ2 GAAP EPS OF $0.44, IMPROVED $0.82 Y/Y; Q2 NON-GAAP EPS OF $0.95, IMPROVED $0.69 Y/Y SAXONBURG, Pa., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in materials, networking, and lasers, announced financial results today for its fiscal second quarter ended December 31, 2024. Revenue for the s ...

COHERENT CORP. REPORTS SECOND QUARTER FISCAL 2025 RESULTS SAXONBURG, PA, February 5, 2025 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal second quarter ended December 31, 2024. Revenue for the second quarter of fiscal 2025 was $1.43 billion, with GAAP gross margin of 35.5% and GAAP net income of $0.44 per diluted share. On a non-GAAP basis, gross margin was 38.2% with ...

In its upcoming report, Coherent (COHR) is predicted by Wall Street analysts to post quarterly earnings of $0.70 per share, reflecting an increase of 94.4% compared to the same period last year. Revenues are forecasted to be $1.38 billion, representing a year-over-year increase of 21.6%.The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pr ...

Core Viewpoint - Coherent (COHR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Financial Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $0.70 per share, reflecting a year-over-year increase of +94.4% [3]. - Revenues are projected to reach $1.38 billion, which is a 21.6% increase compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.44% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Coherent is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.48% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [8]. - Coherent currently holds a Zacks Rank of 1, suggesting a high likelihood of exceeding the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Coherent was expected to post earnings of $0.63 per share but delivered $0.74, resulting in a surprise of +17.46% [12]. - Over the past four quarters, Coherent has consistently beaten consensus EPS estimates [13]. Industry Comparison - Spotify (SPOT), another player in the Zacks Technology Services industry, is expected to report earnings per share of $1.92 for the same quarter, indicating a year-over-year change of +592.3% [17]. - Spotify's consensus EPS estimate has been revised down by 1.6% over the last 30 days, leading to a negative Earnings ESP of -16.45% [18].

PITTSBURGH, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial laser optics introduces a new high-power F-theta lens for additive manufacturing, EV battery welding and laser cleaning. The lens design provides optimal optical performance for increased processing speeds. The demand for remote processing using F-theta lenses continues to grow rapidly across additive manufacturing, EV battery and laser cleaning markets. The new lens operates from deep UV to IR wavelengths prov ...

PITTSBURGH, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials and photonics innovation, announces the launch of its CT-Series thermoelectric coolers. This new product line delivers exceptional thermal performance, reliability, as well as cost-efficiency for demanding applications in life sciences, medical and industrial markets. The CT-Series represents a strategic expansion of the Coherent thermal management product offerings. Bridging the gap between the Coherent ...