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"This action is necessary due to a fall in business demand, which prompted a restructuring of operations with a focus on reducing business costs," the company said in a statement.
Diebold Nixdorf has named Octavio Marquez as president and CEO replacing Gerrard Schmid. Marquez takes the new post in March.
/PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a...
SANTA CLARA, Calif., Feb. 9, 2022 /PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based techn...
SECOND FISCAL QUARTER DETAILS For the second quarter of fiscal 2021, Coherent announced net sales of $374.0 million and net loss, on a U.S. generally accepted accounting principles (GAAP) basis, of $158.2 million, or $6.49 per diluted share. The net loss includes $179.2 million, net of tax, in merger and acquisition costs, primarily due to a merger agreement termination fee paid to Lumentum Holdings Inc. These results compare to net sales of $293.1 million and net loss of $418.9 million, or $17.39 per diluted share, for the second quarter of fiscal 2020 and net sales of $326.1 million and ne...