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Last $62.33 USD
Change Today -0.20 / -0.32%
Volume 53.7K
COHR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:16 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

coherent inc (COHR) Snapshot

Open
$62.15
Previous Close
$62.53
Day High
$62.85
Day Low
$61.93
52 Week High
03/23/15 - $68.50
52 Week Low
01/20/15 - $53.76
Market Cap
1.5B
Average Volume 10 Days
159.8K
EPS TTM
$2.67
Shares Outstanding
23.8M
EX-Date
12/17/12
P/E TM
23.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for COHERENT INC (COHR)

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coherent inc (COHR) Details

Coherent, Inc. provides photonics-based solutions for a range of commercial and scientific research applications in the United States and internationally. The company operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. It designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. The company’s products are used in microelectronics, scientific research and government programs, original equipment manufacturer components and instrumentation, and materials processing markets. It markets its products through a direct sales force, as well as through direct sales personnel and independent representatives. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.

2,519 Employees
Last Reported Date: 11/25/14
Founded in 1966

coherent inc (COHR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $625.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $370.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $335.0K
Executive Vice President of Worldwide Sales &...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

coherent inc (COHR) Key Developments

Coherent, Inc. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended April 4, 2015; Provides Earnings Guidance for the Third Quarter and Fiscal Year 2015

Coherent Inc. announced unaudited financial results for the second quarter and six months ended April 4, 2015. For the second fiscal quarter ended April 4, 2015, the company announced net sales of $203.7 million and net income, on GAAP basis, of $18.4 million, or $0.74 per diluted share. These results compare to net sales of $199.2 million and net income of $15.3 million, or $0.61 per diluted share, for the second quarter of fiscal 2014. Non-GAAP net income for the second quarter of fiscal 2015 was $23.4 million, or $0.94 per diluted share. Non-GAAP net income for the second quarter of fiscal 2014 was $20.4 million, or $0.82 per diluted share. Income from operations was $22,132,000 compared to $20,040,000 a year ago. Income before income taxes was $24,122,000 compared to $21,080,000 a year ago. Cash flow from operations for the second quarter was very strong at $49 million, reflecting a sequential improvement in accounts receivable DSO from 59 to 55 days, an increase in inventory turns from 2.9 to 3.1, coupled with higher liabilities for inventory purchases that occurred late in the quarter and the buildup of the first half variable compensation charge, which will be paid during the third quarter. Capital spending for the quarter was $7.1 million or 3.5% of sales. For the six months, the company announced net sales of $404.3 million and net income, on GAAP basis, of $35.8 million, or $1.43 per diluted share. These results compare to net sales of $392.8 million and net income of $27 million, or $1.08 per diluted share, for the same period of fiscal 2014. Non-GAAP net income was $45.3 million, or $1.81 per diluted share. Non-GAAP net income for the same period of fiscal 2014 was $37.5 million, or $1.50 per diluted share. Income from operations was $46,441,000 compared to $35,824,000 a year ago. Income before income taxes was $47,746,000 compared to $36,644,000 a year ago. Capital spending for the year-to-date was $12.2 million or 3% of sales. Current outlook for the third quarter revenue ranges from $190 million to $210 million and is inclusive of third Triple Vyper LineBeam 1500 ELA system, which it pulled in from the fourth quarter based on customer requests. The company projects the third quarter pro forma gross profit percentage to be in the range of 41.5% to 42.5% of sales. And as a reminder, this excludes intangible amortization stock compensation cost. The company is adjusting the full fiscal 2015 revenue to be in the range of $820 million to $830 million, reflecting foreign exchange headwinds and a customer preference change in one of previously forecasted bookings for the consumer electronics application. The company projects pro forma tax rate to be approximately 26% for the fiscal year, and continues to forecast full fiscal 2015 capital spending to be approximately 3.5% of sales.

Coherent Inc. to Report Q2, 2015 Results on Apr 29, 2015

Coherent Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Apr 29, 2015

Coherent Inc., Q2 2015 Earnings Call, Apr 29, 2015

Coherent Inc., Q2 2015 Earnings Call, Apr 29, 2015

 

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Industry Analysis

COHR

Industry Average

Valuation COHR Industry Range
Price/Earnings 23.1x
Price/Sales 1.9x
Price/Book 2.0x
Price/Cash Flow 21.0x
TEV/Sales 1.4x
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