Remember meForgot password?
    Log in with Twitter
| Press Release

Free Post Earnings Research Report: Coherent’s Net Sales and Adjusted EPS Both Surged 38%

LONDON, UK / ACCESSWIRE / March 08, 2018 / has just released a free earnings report on Coherent, Inc. (NASDAQ: COHR). If you want access to this report all you need to do is sign up now by clicking the following link The Company reported its first quarter fiscal 2018 operating and financial results on February 07, 2018. The maker of lasers for commercial and scientific uses outperformed top- and bottom-line expectations. Register today and get access to over 1000 Free Research Reports by joining our site below: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Coherent most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

Earnings Highlights and Summary

For the first fiscal quarter ended December 30, 2017, Coherent's net sales surged 38% to $477.6 million compared to $346.1 million in Q1 FY17. The Company's revenue numbers topped analysts' estimates by $4.17 million.

On November 07, 2016, Coherent completed the acquisition of Rofin-Sinar Technologies, Inc. ("Rofin"), one of the world's leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components. Consequently, Rofin's operating results were consolidated for the period from November 07, 2016, through December 31, 2016, in Coherent's results of Q1 FY17, while the Company's results of Q1 FY18 included a full quarter of Rofin's operating results.

During Q1 FY18, Coherent's non-GAAP gross margin was 48.5%; non-GAAP operating margin came in at 27.8%; and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was 30.9%.

For Q1 FY18, Coherent announced a US GAAP net income of $41.9 million, or $1.67 per diluted share, compared to $30.4 million, or $1.23 per diluted share, in Q1 FY17. The Company's reported quarter results included $41.7 million, or $1.67 per diluted share, of largely one-time additional income tax expenses, due to the provisions under the Tax Cuts and Jobs Act 2017 (TCJA), as well as a benefit of $12.5 million, or $0.50 per diluted share, from the adoption of new rules for accounting for excess tax benefits and deficiencies for employee stock-based compensations.

Coherent's non-GAAP net income was $88.6 million, or $3.54 per diluted share, in Q1 FY18 compared to $63.4 million, or $2.57 per diluted share, in Q1 FY17. The Company's earnings beat Wall Street's estimates of $3.56 per share.

Cash Matters

Coherent stated that the financial results for Q1 FY18 enabled the Company to make a €75 million voluntary debt payment. Coherent has now repaid approximately one third of the debt used to finance the Rofin transaction.

Coherent's non-restricted cash, cash equivalents, and short-term investments were approximately $423 million at the end of Q1 FY18. During the reported quarter, the Company generated cash from operations of $65 million. As a result of strong cash generation, the Company's Board of Directors approved a share repurchase authorization of up to $100 million.


For Q2 FY18, Coherent is forecasting revenues to be in the range of $470 million to $490 million. The Company is estimating non-GAAP gross margin to be in the band of 46% to 49% for the upcoming quarter, while non-GAAP operating margin is expected to be in the range of 25% to 28%.

Stock Performance Snapshot

March 07, 2018 - At Wednesday's closing bell, Coherent's stock climbed 2.56%, ending the trading session at $211.70.

Volume traded for the day: 459.78 thousand shares.

Stock performance in the past twelve-month period – up 15.27%

After yesterday's close, Coherent's market cap was at $5.27 billion.

Price to Earnings (P/E) ratio was at 29.51.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry. This sector was up 0.8% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:


Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Latest News
Top News