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Sep 30, 2023

Coherent Q1 2024 Earnings Report

Coherent announced its Q1 2024 financial results.

Key Takeaways

Coherent Corp. released its financial results for the first quarter of fiscal year 2024, highlighting its performance in materials, networking, and lasers.

Coherent Corp. announced the financial results for its first quarter fiscal year 2024.

The results have been posted as a letter to shareholders in the investor relations section of the company's website.

A conference call was held on November 7, 2023, at 8:00 a.m. ET to discuss the results.

The company aims to provide greater insight into its operating performance and outlook through detailed financial information and disclosures.

Total Revenue
$1.05B
Previous year: $1.35B
-21.7%
EPS
$0.16
Previous year: $1.04
-84.6%
Gross Profit
$307M
Previous year: $444M
-30.8%
Cash and Equivalents
$941M
Previous year: $899M
+4.7%
Free Cash Flow
$137M
Previous year: -$59.4M
-329.9%
Total Assets
$13.5B
Previous year: $13.8B
-2.2%

Coherent

Coherent