COHERENT CORP

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 6, 2024

COHR$214.66-4.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets –

Condensed Consolidated Balance Sheets (Unaudited)

($000)

	September 30,2024	June 30,2024
Assets
Current Assets
Cash and cash equivalents	$1,019,648	$926,033
Restricted cash, current	51,417	174,008
Accounts receivable - less allowance for doubtful accounts of $8,625 at September 30, 2024 and $9,511 at June 30, 2024	819,712	848,542
Inventories	1,386,149	1,286,404
Prepaid and refundable income taxes	25,245	26,909
Prepaid and other current assets	328,116	398,203
Total Current Assets	3,630,287	3,660,099
Property, plant & equipment, net	1,875,314	1,817,259
Goodwill	4,595,643	4,464,329
Other intangible assets, net	3,514,687	3,503,247
Deferred income taxes	53,550	40,966
Restricted cash, non-current	711,393	689,645
Other assets	318,426	313,089
Total Assets	$14,699,300	$14,488,634
Liabilities, Mezzanine Equity and Equity
Current Liabilities
Current portion of long-term debt	$69,928	$73,770
Accounts payable	689,672	631,548
Accrued compensation and benefits	196,993	212,458
Operating lease current liabilities	41,890	40,580
Accrued income taxes payable	101,829	90,705
Other accrued liabilities	257,678	294,706
Total Current Liabilities	1,357,990	1,343,767
Long-term debt	3,918,841	4,026,448
Deferred income taxes	751,138	784,374
Operating lease liabilities	176,442	162,355
Other liabilities	226,290	225,411
Total Liabilities	6,430,701	6,542,355
Mezzanine Equity
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 shares at September 30, 2024 and June 30, 2024; redemption value - $2,458,208 and $2,427,860, respectively	2,396,605	2,364,772
Shareholders' Equity
Common stock, no par value; authorized - 300,000,000 shares; issued - 170,543,560 shares at September 30, 2024; 168,406,323 shares at June 30, 2024	4,913,672	4,857,657
Accumulated other comprehensive income (AOCI)	273,453	2,640
Retained earnings	658,997	664,940
	5,846,122	5,525,237
Treasury stock, at cost; 16,027,905 shares at September 30, 2024 and 15,626,740 shares at June 30, 2024	(345,045)	(315,122)
Total Coherent Corp. Shareholders’ Equity	5,501,077	5,210,115
Noncontrolling interests (NCI)	370,917	371,392
Total Equity	5,871,994	5,581,507
Total Liabilities, Mezzanine Equity and Equity	$14,699,300	$14,488,634

Condensed Consolidated Statements of Earnings (Loss) (Unaudited)

($000, except per share data)

	Three Months EndedSeptember 30,
	2024	2023
Revenues	$1,348,135	$1,053,083
Costs, Expenses, and Other Expense (Income)
Cost of goods sold	888,003	746,188
Research and development	131,602	113,488
Selling, general and administrative	228,968	211,697
Restructuring charges	24,364	3,018
Interest expense	66,644	73,258
Other income, net	(10,749)	(6,269)
Total Costs, Expenses, & Other Expense	1,328,832	1,141,380
Earnings (Loss) Before Income Taxes	19,303	(88,297)
Income Tax Benefit	(5,558)	(20,763)
Net Earnings (Loss)	24,861	(67,534)
Net Loss Attributable to Noncontrolling Interests	(1,026)	—
Net Earnings (Loss) Attributable to Coherent Corp.	25,887	(67,534)
Less: Dividends on Preferred Stock	31,833	30,173
Net Loss Available to the Common Shareholders	$(5,946)	$(97,707)
Basic Loss Per Share	$(0.04)	$(0.65)
Diluted Loss Per Share	$(0.04)	$(0.65)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.