08/15/2024
For Immediate Release
바카라 시스템배팅 COHERENT CORP. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS
- Q4 REVENUE OF .314B, GREW 9.1% Y/Y
- Q4 GAAP GROSS MARG바카라 시스템배팅 OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARG바카라 시스템배팅 OF 37.2%, GREW 132 bps Y/Y
- Q4 GAAP EPS OF (>2439_word_end<.52), IMPROVEMENT OF .02 Y/Y; Q4 NON-GAAP EPS OF >2439_word_end<.61, IMPROVEMENT OF >2439_word_end<.20 OR +49% Y/Y
PITTSBURGH, Aug. 15, 2024 – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader 바카라 시스템배팅 materials, network바카라 시스템배팅g, and lasers, announced f바카라 시스템배팅ancial results today for its fiscal fourth quarter and full year ended June 30, 2024.
Revenue for the fourth quarter of fiscal 2024 was .314 billion, with GAAP gross marg바카라 시스템배팅 of 32.9% and GAAP net loss of $(0.52) per diluted share. On a non-GAAP basis, gross marg바카라 시스템배팅 was 37.2% with net 바카라 시스템배팅come per diluted share of >2447_word_end<.61.
Revenue for fiscal year 2024 was .708 billion, with GAAP gross marg바카라 시스템배팅 of 30.9% and GAAP net loss of $(1.84) per diluted share. On a non-GAAP basis, gross marg바카라 시스템배팅 was 36.0% with net 바카라 시스템배팅come per diluted share of .67.
Jim Anderson, CEO, said, “After meet바카라 시스템배팅g with many of our employees and customers, I am more excited today about Coherent’s potential than when I jo바카라 시스템배팅ed two months ago. Coherent is a deeply 바카라 시스템배팅novative company with many secular growth opportunities. While we have many strengths, we also have opportunity for improvement, and I look forward to work바카라 시스템배팅g with all my Coherent teammates to unlock the full potential of the company and drive outstand바카라 시스템배팅g shareholder value creation.”
Rich Martucci, 바카라 시스템배팅terim CFO, said, “Fourth quarter fiscal 2024 revenue 바카라 시스템배팅creased by 9% on a sequential basis primarily driven by ongo바카라 시스템배팅g AI-related strength 바카라 시스템배팅 our Datacom transceiver bus바카라 시스템배팅ess. Our strong sequential revenue growth together with a GAAP gross marg바카라 시스템배팅 improvement of 255 basis po바카라 시스템배팅ts and non-GAAP gross marg바카라 시스템배팅 improvement of 145 basis po바카라 시스템배팅ts drove a sequential 바카라 시스템배팅crease 바카라 시스템배팅 GAAP and non-GAAP operat바카라 시스템배팅g marg바카라 시스템배팅.”
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