Last $59.94 USD
Change Today -0.63 / -1.04%
Volume 47.7K
COHR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 3:01 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

coherent inc (COHR) Snapshot

Open
$60.57
Previous Close
$60.57
Day High
$61.01
Day Low
$59.80
52 Week High
01/22/14 - $76.98
52 Week Low
08/21/13 - $55.09
Market Cap
1.5B
Average Volume 10 Days
101.0K
EPS TTM
$2.88
Shares Outstanding
24.9M
EX-Date
12/17/12
P/E TM
20.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for COHERENT INC (COHR)

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coherent inc (COHR) Details

Coherent, Inc. provides photonics-based solutions for a range of commercial and scientific research applications in the United States and internationally. The company operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. It designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. The company’s products are used in microelectronics, scientific research and government programs, original equipment manufacturer components and instrumentation, and materials processing markets. It markets its products through a direct sales force, as well as through direct sales personnel and independent representatives. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.

2,514 Employees
Last Reported Date: 11/27/13
Founded in 1966

coherent inc (COHR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $625.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $405.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $360.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $335.0K
Executive Vice President of Worldwide Sales, ...
Total Annual Compensation: $345.2K
Compensation as of Fiscal Year 2013.

coherent inc (COHR) Key Developments

Coherent Inc. Enter into First Modification Agreement to Amended and Restated Loan Agreement

On May 30, 2014, Coherent Inc. entered into a first modification agreement to amended and restated loan agreement, which amends that certain amended and restated loan agreement, dated as of May 30, 2012, and that certain amended and restated promissory note (base rate) dated May 30, 2012, each by and between Coherent and the Bank. Under the terms of the amendment, the principal amount of the unsecured revolving credit facility remains at $50 million with the maturity date extended for three years to May 31, 2017. The amendment also improves the financial covenants by amending the applicable quick ratio to 1.125:1.00 and the applicable ratio of funded debt to EBITDA to 2.50:1.00. In addition, the amendment amends certain negative covenants and the definition of an event of default and increases the commitment fees payable by Coherent to the Bank in connection with the revolving credit facility.

Coherent Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Earnings Guidance for the Third Quarter and Fourth Quarter, Tax Rate Guidance for the Remainder and Capital Expenditure for the Full Year of 2014

Coherent Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, net sales were $199,222,000 against $200,058,000 a year ago. Income from operations was $20,040,000 against $16,897,000 a year ago. Income before income taxes was $21,080,000 against $18,192,000 a year ago. Net income was $15,307,000 or $0.61 per diluted share against $15,002,000 or $0.61 per diluted share a year ago. Non-GAAP net income was $20,416,000 or $0.82 per diluted share against $20,667,000 or $0.84 per diluted share a year ago. Cash flow from operations for the second quarter was about $16 million. Capital spending was $7.2 million. For the six months, net sales were $392,778,000 against $383,260,000 a year ago. Income from operations was $35,824,000 against $37,395,000 a year ago. Income before income taxes was $36,644,000 against $37,253,000 a year ago. Net income was $27,010,000 or $1.08 per diluted share against $29,155,000 or $1.20 per diluted share a year ago. Non-GAAP net income was $37,471,000 or $1.50 per diluted share against $39,262,000 or $1.61 per diluted share a year ago. Cash flow from operations for the second quarter was about $44 million. Capital spending was $14 million. The company expects third fiscal quarter revenues to be in the range of $197 million to $205 million. The company projects the third quarter pro forma gross profit to be approximately 41%, slightly down from the second quarter, due to a more negative product mix. The company anticipates fourth quarter revenues, however, to increase approximately 10% compared to the second quarter of 2014. However, the company currently project a pro forma gross profit of approximately 42% for the fourth quarter. The company assuming a pro forma tax rate of 28% for the remainder of the year. The company projects full fiscal 2014 capital spending to be approximately 4% of sales.

Coherent Inc. to Report Q2, 2014 Results on Apr 30, 2014

Coherent Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Apr 30, 2014

 

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Industry Analysis

COHR

Industry Average

Valuation COHR Industry Range
Price/Earnings 23.5x
Price/Sales 1.8x
Price/Book 1.9x
Price/Cash Flow 22.1x
TEV/Sales 1.5x
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