COHERENT CORP.

Listed Company

COHRCIK 0000820318NYSELarge AcceleratedOptical Instruments & LensesPennsylvaniaFY ends Jun 30

Period

FY 2025

Revenue

$5.81B

Net Income

$49.36M

Total Assets

$14.91B

Equity

$5.64B

Shares Out

187.48M

Op. Cash Flow

$633.60M

Business

COHERENT CORP. is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, systems, and engineered materials for communications, industrial, instrumentation, and electronics applications. Its main offerings include datacenter and telecom transceivers and modules, a wide range of lasers (excimer, solid-state, CO2, ultrafast), engineered materials and optics, thermoelectric components, and custom integrated software and subsystems. For fiscal 2025 it reports three segments: Networking, Materials, and Lasers, and effective July 1, 2025 it realigned into Datacenter and Communications and Industrial. Coherent sells globally through a direct sales force, representatives, distributors, OEMs, and sales subsidiaries, supported by R&D and manufacturing facilities across the Americas, Europe, and Asia-Pacific.

Summary from filing dated 2025-08-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	5,810	4,708	5,160	3,317	3,106
Cost of goods sold	3,767	3,252	3,542	2,051	1,928
Research and development	582	479	500	377	330
Selling, general and administrative	926	854	1,037	474	445
Restructuring charges	160	27	119	—	—
Impairment of assets held-for-sale	85	0	0	—	—
Interest expense	243	288	287	121	—
Other (income) expense, net	−48	−45	32	11	−10
Total Costs, Expenses and Other Expense	5,716	4,855	5,516	3,035	2,753
Earnings (loss) before income taxes	94	−148	−356	282	353
Income Tax Expense (Benefit)	64	11	−96	47	55
Net Earnings (Loss)	30	−159	−259	235	298
Net Loss Attributable to Noncontrolling Interests	−19	−3	0	0	—
Net Earnings (Loss) Attributable to Coherent Corp.	49	−156	−259	235	—
Less: Dividends on Preferred Stock	130	123	144	68	37
Net Loss Available to the Common Shareholders, Basic	−81	−280	−404	167	260
Net Loss Available to the Common Shareholders, Diluted	−81	−280	−404	—	—
Basic Loss Per Share (in usd per share)	−0.52	−1.84	−2.93	1.57	2.5
Diluted Loss Per Share (in usd per share)	−0.52	−1.84	−2.93	1.45	2.37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	909	926	821	2,582	1,592
Restricted cash, current	9	174	12	—	—
Accounts receivable - less allowance for doubtful accounts of $12,189 and $9,511 at June 30, 2025 and June 30, 2024, respectively	964	849	902	700	659
Inventories	1,438	1,286	1,272	903	696
Prepaid and refundable income taxes	56	27	28	20	13
Prepaid and other current assets	552	398	217	100	68
Total Current Assets	3,927	3,660	3,252	4,305	3,027
Property, plant & equipment, net	1,878	1,817	1,782	1,363	1,243
Goodwill	4,471	4,464	4,513	1,286	1,297
Other intangible assets, net	3,205	3,503	3,815	635	718
Deferred income taxes	53	41	38	32	33
Restricted cash, non-current	715	690	4	—	—
Other assets	662	313	308	224	194
Total Assets	14,911	14,489	13,711	7,845	6,513
Current portion of long-term debt	188	74	75	403	62
Accounts payable	847	632	405	435	294
Accrued compensation and benefits	259	212	176	172	181
Operating lease current liabilities	42	41	38	28	25
Accrued income taxes payable	124	91	74	29	20
Other accrued liabilities	336	295	310	200	146
Total Current Liabilities	1,795	1,344	1,079	1,267	730
Long-term debt	3,499	4,026	4,235	1,897	1,313
Deferred income taxes	712	784	780	77	74
Operating lease liabilities	165	162	141	110	126
Other liabilities	259	225	247	110	138
Total Liabilities	6,430	6,542	6,482	3,462	2,380
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 shares at June 30, 2025 and June 30, 2024; redemption value - $2,540,110 and $2,427,860 as of June 30, 2025 and June 30, 2024, respectively	2,483	2,365	2,241	767	726
Common stock, no par value; authorized - 300,000,000 shares; issued - 171,849,325 shares at June 30, 2025; issued - 168,406,323 shares at June 30, 2024	5,056	4,858	3,781	2,065	2,028
Accumulated other comprehensive income (AOCI)	372	3	110	−2	14
Retained earnings	584	665	944	1,348	1,137
Shareholders' equity excluding treasury stock	6,013	5,525	5,281	3,856	3,625
Treasury stock, at cost - 16,294,119 shares at June 30, 2025 and 15,626,740 shares at June 30, 2024	−368	−315	−293	—	—
Total Coherent Corp. Shareholders Equity	5,645	5,210	4,988	—	—
Noncontrolling interests (NCI)	354	371	0	—	—
Total Equity	5,998	5,582	4,988	3,616	3,406
Total Liabilities, Mezzanine Equity and Equity	14,911	14,489	13,711	7,845	6,513

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation	251	272	268	207	188
Amortization	303	288	414	80	—
Share-based compensation expense	160	126	149	73	71
Non-cash restructuring and impairment charges	141	17	119	—	—
Amortization of discount on convertible debt and debt issuance costs	20	18	20	19	21
Losses on disposals of property, plant & equipment	782,000	758,000	2	617,000	—
Unrealized losses (gains) on foreign currency remeasurements and transactions	33	−11	−4	1	6
Loss (earnings) from equity investments	−1	51,000	66,000	−2	−14
Deferred income taxes	−95	−112	−207	−8	−371,000
Loss on debt extinguishment	0	2	7	0	—
Accounts receivable	−170	61	68	−55	−52
Inventories	−203	−23	174	−231	−45
Accounts payable	217	205	−83	97	2
Contract liabilities	3	−73	−19	27	3
Income taxes	−22	12	29	18	−18
Accrued compensation and benefits	63	37	−61	−9	24
Other operating net assets (liabilities)	−96	−114	16	−38	—
Net cash provided by operating activities	634	546	634	413	574
Additions to property, plant & equipment	−441	−347	−436	−314	−146
Purchases of businesses, net of cash acquired	0	0	−5,489	0	−34
Proceeds from the sale of business	27	0	0	—	—
Other investing activities	−379,000	−4	−4	−6	8
Net cash used in investing activities	−414	−351	−5,929	−320	−173
Sale of shares to noncontrolling interests	0	1,000	0	0	—
Proceeds from issuance of Series B preferred shares	0	0	1,400	0	—
Proceeds from borrowings of revolving credit facilities	54	19	65	0	—
Payments on existing debt	−437	−229	−1,265	−62	−852
Payments on borrowings under Revolving Credit Facilities	−52	−19	−65	0	−74
Payments on convertible notes	0	0	−4	0	0
Debt issuance costs	0	0	−127	−10	0
Equity issuance costs	0	−32	−42	0	−59
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan	50	42	24	18	—
Payments in satisfaction of employees minimum tax obligations	−54	−22	−54	−21	−20
Cash dividends paid	−11	0	−28	−35	−20
Other financing activities	−948,000	−1	−1	−2	−2
Net cash provided by (used in) financing activities	−452	758	3,554	863	676
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	76	−1	−4	34	—
Net increase in cash and cash equivalents, and restricted cash	−157	952	−1,745	990	1,099
Cash paid for interest	257	313	283	57	37
Cash paid for income taxes	167	97	90	50	60
Additions to property, plant & equipment included in accounts payable	67	63	37	85	32
Conversion of Series A preferred stock to common stock	0	445	0	0	—

Filings

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