Investors interested in stocks from the Technology Services sector have probably already heard of Coherent (COHR) and Symbotic Inc. (SYM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate re ...

Coherent Corp. (NYSE:COHR) Q2 2025 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Paul Silverstein - Senior Vice President, Investor Relations Jim Anderson - Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Michael Mani - Bank of America George Nader - Jefferies Meta Marshall - Morgan Stanley Papa Sylla - Citi Karl Ackerman - BNP Paribas Thomas O'Malley - Barclays Christopher Roll ...

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 ...

Coherent (COHR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. ...