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Coherent's third quarter results paint a mixed picture - Vimarsana News

Coherent's third quarter results paint a mixed picture

Laser giant reports revenue rise but profit drop due to higher costs; outlines consolidation and cost-cutting plan.

Source: optics.org
Coherent Corp. Reports Fiscal 2023 Third Quarter Results - Vimarsana News

Coherent Corp. Reports Fiscal 2023 Third Quarter Results

Revenue of $1.24 billion, Grew 50% Year-Over-YearOrganic Revenue Growth of 6% Year-Over-YearBacklog of $2.6 billion, Grew 23% Year-Over-YearQuarterly Operating Cash Flow of $152 millionGAAP EPS of $(0.24)