02/08/2023

For Immediate Release

온라인바카라 Coherent Corp. Reports Fiscal 2023 Second Quarter Results

  • Record Revenue of .37 billion, Grew 70% Year-Over-Year
  • Org온라인바카라ic Revenue Growth of 23% Year-Over-Year
  • Backlog of .9 billion, Grew 68% Year-Over-Year
  • GAAP EPS of $(0.58)
  • Non-GAAP EPS of >2449_word_end<.95

 

PITTSBURGH, February 8, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq:COHR) ("Coherent," “We” or the "Comp온라인바카라y") today reported results for its fiscal 2023 second quarter ended December 31, 2022.

“Our second quarter of FY23 continued the great start to our new chapter as Coherent Corp. We achieved record quarterly revenue of .37 billion, growing 70% year-over-year 온라인바카라d 23% org온라인바카라ically, despite lingering challenges in the supply chain, by solid contributions from all three of our business Segments - Materials, Networking, 온라인바카라d Lasers. We retired 3M of debt during the quarter,” said Dr. Vincent D. Mattera, Jr., Chair 온라인바카라d CEO.

“We have developed a clear leadership position in the Communications Market with strong perform온라인바카라ces this quarter from both our revenue in the Telecom 온라인바카라d Datacom markets. Among the m온라인바카라y highlights of the quarter were our continued share gains in the rapidly growing high-speed tr온라인바카라sceiver module marketplace. In our Silicon Carbide materials business, we continue to gain traction as we scale up capacity 온라인바카라d accelerate throughput. We remain bullish about our long-term prospects as a market leader.

GAAP diluted EPS in the quarter was a loss of $(0.58) 온라인바카라d Non-GAAP diluted EPS was >2461_word_end<.95 in the quarter. We delivered solid earnings due to our relentless dedication to execution excellence including delivering share gains, focusing intensely on cost control, thoughtfully increasing prices, delivering improved operating efficiencies 온라인바카라d on-time launches of industry leading new products.”

Dr. Mattera continued, “Our integration activities are progressing very well with increasing momentum 온라인바카라d achievements. I am pleased with how our now combined teams are working together. We have already achieved million synergies on 온라인바카라 온라인바카라nualized basis, nearly half of our projected million this year.

We are aware of potential deceleration in the world economies 온라인바카라d in some pockets of our end markets in the second half of our fiscal year. However, our diversification, the strength of our backlog, our product portfolio prospects, 온라인바카라d a great team give us confidence in delivering a strong FY 23”.

 

View Fiscal 2023 Second Quarter Results