Coherent Stock Sinks On Sale Of Aerospace, Defense Business

Sale of Aerospace and Defense Business - Coherent announced the sale of its aerospace and defense business to private equity firm Advent for $400 million [2] - Proceeds from the sale will be used to reduce debt, which will be immediately accretive to Coherent's EPS [2] - The deal is expected to close in the current quarter [2] Q4 Financial Results - Coherent reported quarterly earnings of $1 per share, beating the analyst consensus estimate of 91 cents [2] - Quarterly revenue was $1.52 billion, exceeding the analyst consensus estimate of $1.5 billion and up from $1.31 billion in the same period last year [3] - The company experienced revenue growth of 23% and non-GAAP EPS expansion of 191% for fiscal 2025 [3] Future Outlook - Coherent expects first-quarter revenue to be between $1.46 billion and $1.6 billion [4] - Following the earnings report, Coherent's stock was down 17.53% at $94.02 in extended trading [4]