Last $64.03 USD
Change Today +1.43 / 2.28%
Volume 111.3K
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

coherent inc (COHR) Key Developments

Coherent Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-11-2014 10:20 AM

Coherent Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-11-2014 10:20 AM. Venue: The Fairmont Hotel, San Francisco, California, United States. Speakers: John R. Ambroseo, Chief Executive Officer, President and Director.

Coherent Inc. Announces Unaudited Earnings Results for the First Quarter Ended December 28, 2013; Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2014

Coherent Inc. announced unaudited earnings results for the first quarter ended December 28, 2013. For the quarter, the company reported net income of $11,703,000 or $0.47 per diluted share, income before income taxes of $15,564,000 and income from operations of $15,784,000 on net sales of $193,556,000 compared to net income of $14,153,000 or $0.58 per diluted share, income before income taxes of $19,061,000 and income from operations of $20,498,000 on net sales of $183,202,000 for the same period a year ago. Non-GAAP net income was $17,055,000 or $0.68 per diluted share compared to $18,595,000 or $0.77 per diluted share for the same period a year ago. The company reported lower-than-expected financial results for the quarter ended Dec. 28, 2013, due to unexpected softness in the advanced packaging market. Cash generation is another positive highlight. The company ended the quarter with a cash balance of $274 million, reflecting a quarterly cash flow from operations of approximately $29 million. Pro forma EBITDA for the quarter was 16.4% and compares to 18.1% at same quarter a year ago. Capital spending for the quarter was $6.8 million or 3.5% of sales. The company expects second fiscal quarter revenues to increase to a range of $196 million to $203 million or 1% to 5% growth when compared to the first fiscal quarter. This growth takes into account a continued sluggish demand in advanced packaging. With respect to the pro forma gross profit, The company expects further expansion, and the company are guiding to a range of 41% to 42%. The company is assuming a pro forma tax rate of 28% for the remainder of the year 2014, and the company continue to project full fiscal 2014 capital spending to be approximately 4% to 4.5% of sales.

Coherent Inc., Annual General Meeting, Feb 26, 2014

Coherent Inc., Annual General Meeting, Feb 26, 2014., at 08:30 Pacific Standard Time. Location: Silicon Valley Capital Club,. Agenda: To elect the seven directors named in the proxy statement; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending September 27, 2014; to consider Advisory vote to approve executive officer compensation; and to transact such other business as may properly be brought before the meeting and any adjournment(s) thereof.

Coherent Inc., Q1 2014 Earnings Call, Jan 29, 2014

Coherent Inc., Q1 2014 Earnings Call, Jan 29, 2014

Coherent Inc. to Report Q1, 2014 Results on Jan 29, 2014

Coherent Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Jan 29, 2014

 

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