Coherent Corp. - COHR STOCK NEWS

Coherent Corp. (COHR) reported strong Q1 fiscal 2025 results with revenue of $1.35 billion, up 28% year-over-year. The company's GAAP gross margin improved to 34.1%, while non-GAAP gross margin reached 37.7%. GAAP EPS showed a loss of $(0.04), improving 94% Y/Y, while non-GAAP EPS grew to $0.74, up 357% Y/Y. Growth was primarily driven by AI-related Datacom transceivers. The company reduced its debt by $118 million and provided Q2 FY25 guidance with expected revenue between $1.33-1.41 billion and non-GAAP EPS of $0.61-0.77.

Coherent Corp. (NYSE: COHR) has announced a strategic review of its battery technology platform, which features innovative cathode, electrolyte, and cell technologies centered on sulfur immobilization. The platform has achieved industry-leading performance and is protected by 4 issued and 13 pending patents. The technology has received multiple funding awards from the U.S. Department of Energy Vehicle Technologies Office and IARPA. This review follows the company's strategic portfolio assessment completed in August. Coherent will not provide further updates until a material development occurs.

Coherent Corp. (NYSE: COHR) has launched the ARM FL20D fiber laser, featuring a 20 kW power level and unique dual ring beam configuration. The system's design incorporates a center beam and two coaxial ring beams with independent control, enabling faster welding speeds and improved quality. The technology eliminates the need for filler wire in many processes, offering cost savings and increased efficiency. Particularly effective for challenging materials like cast aluminum, the ARM FL20D is targeted at automotive, aerospace, and energy storage industries. The product will be commercially available in February 2025.

Coherent Corp (NYSE: COHR), a global leader in materials, networking, and lasers, has scheduled its first-quarter fiscal 2025 financial results release for Wednesday, November 6, after NYSE market close. The company will host a live audio webcast at 5:00 p.m. ET to discuss the results. Investors can access the webcast at coherent.com/company/investor-relations/financial-webcasts, with a replay available within 24 hours after the event.

Coherent Corp. (NYSE: COHR) has launched the CUT12, a new 2D laser cutting head for the global flat sheet cutting market. This versatile device is compatible with fiber lasers ranging from 4 kW to 12 kW power and operates at a maximum numerical aperture of 0.15. Key features include:

- Magnification of 2.0 for high-speed, high-quality cutting
- Adjustable focal plane for varying process demands
- Single cutting head for multiple power levels, simplifying integration
- Direct EtherCAT controllability for diverse settings
- Compatibility with flange and quick exchange connectors

The CUT12 builds on Coherent's BIMO product line and is designed to work optimally with the company's EDGE series of fiber lasers, offering an unbeatable combination of cost of ownership and performance.

Coherent Corp. (NYSE: COHR) has launched the EDGE FL™ high-power fiber laser series for cutting applications in the machine tool industry. Available in power levels from 1.5 kW to 20 kW, this new platform aims to redefine the balance between value and performance in the fiber laser cutting market.

Key features of the EDGE FL series include:

• Uncompromised value with competitive pricing
• High power and flexibility
• Superior beam quality
• Energy efficiency
• Integrated cutting packages

The EDGE FL series is designed to meet the growing demand for high-power, reliable laser sources. Coherent is also launching EDGE CUT packages, integrating EDGE FL lasers with bespoke cutting heads to enhance value for machine tool integrators.

Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Rob Beard as the new Chief Legal and Global Affairs Officer and Corporate Secretary, effective immediately. Beard replaces retiring Chief Legal Officer Ron Basso. The company has also promoted Marie Batz Martin to Chief Compliance Officer, reporting to Beard.

Beard joins Coherent from Mastercard, where he held the same position. He previously spent nearly a decade at Micron Technology, including roles as General Counsel and Corporate Secretary. With over 20 years of experience in the technology industry, Beard's background includes significant M&A work and international policy experience.

CEO Jim Anderson expressed confidence in Beard's ability to help unlock Coherent's full potential, citing his broad experience in the semiconductor industry and expertise in business and law. Beard expressed enthusiasm about joining Coherent's innovative team across multiple high-growth markets.

Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced new employee inducement grants for its recently appointed Chief Financial Officer and Treasurer, Sherri R. Luther. The awards, effective from her start date on October 11, 2024, include:

1. 15,902 Restricted Stock Units (RSUs) vesting in three equal installments over three years.

2. 63,154 RSUs vesting in two equal installments over two years.

3. 118,583 Performance Stock Units (PSUs) vesting based on the company's total shareholder return (TSR) relative to the S&P Composite 1500—Electronic Equipment, Instruments & Components index from the grant date to June 30, 2027.

These grants were made as a material inducement to Ms. Luther joining the company, in accordance with NYSE Listed Company Manual Rule 303A.08.

Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Sherri Luther as its new Chief Financial Officer and Treasurer, effective immediately. Luther joins Coherent from Lattice Semiconductor, where she served as CFO since 2019. She previously spent 16 years at Coherent, Inc., including as Corporate Vice President of Finance.

CEO Jim Anderson expressed confidence in Luther's ability to help unlock Coherent's full potential, citing their previous work together at Lattice and her proven track record as a public company CFO. Luther brings over 30 years of strategic and financial operations experience, with expertise in various financial and operational areas.

The company thanked Rich Martucci for his leadership as Interim CFO and his continued service to ensure a smooth transition. Luther, a Certified Public Accountant with an Executive MBA from Stanford, also serves on the Board of Directors of Silicon Labs and is NACD Directorship Certified.