OverviewSuggest Edit
Coherent is a provider of lasers, laser-based technologies, and laser-based system solutions in a range of scientific, commercial, and industrial applications. It operates through two segments: OEM Laser Sources (OLS) and Industrial Lasers and Systems (ILS). The company designs, manufactures, and markets lasers, laser tools, precision optics, and related accessories. Coherent serves microelectronics, flat panel displays, machine tools, automotive, medical diagnostics, and other industries.
| Type | Public | |
| Founded | 1966 | |
| HQ | Santa Clara, CA, US | Map |
| Website | coherent.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Key People/Management at Coherent
Andy Mattes
President & Chief Executive Officer, Director
Kevin Palatnik
Executive Vice President & Chief Financial Officer
Mark S. Sobey
Executive Vice President and Chief Operating Officer
Bret DiMarco
Executive Vice President, Chief Legal Officer and Corporate Secretary
Garry Rogerson
Chair of the Board
Jay T. Flatley
Director
Coherent Office Locations
Coherent has offices in Santa Clara, Plymouth, Wilsonville, Hilton and in 27 other locations
Santa Clara, CA, US (HQ)
5100 Patrick Henry Dr
Plymouth, MI, US
40984 Concept Dr
Wilsonville, OR, US
27650 SW 95th Ave
Hilton, AU
116 Sir Donald Bradman Dr
Mississauga, CA
3600 Laird Rd
Beijing, CN
Room 1006-1009, Raycom Info Park Tower B, No.2, Kexueyuan South Road, Haidian District
Coherent Financials and Metrics
Coherent Revenue
Coherent's revenue was reported to be $1.23 b in FY, 2020 which is a 14.1% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2021) | 374.0m |
Gross profit (Q2, 2021) | 141.0m |
Gross profit margin (Q2, 2021), % | 37.7% |
Net income (Q2, 2021) | (158.2m) |
EBIT (Q2, 2021) | (196.2m) |
Market capitalization (22-Jul-2021) | 6.3b |
Closing stock price (22-Jul-2021) | 256.6 |
Cash (2-Jan-2021) | 508.2m |
EV | 5.8b |
Coherent's current market capitalization is $6.3 b.
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 360.2m | 433.0m | 472.3m | 385.7m | 309.0m | 232.5m | 315.0m | 337.3m | 316.5m | 349.6m | 369.3m | 508.2m |
Accounts Receivable | 241.1m | 252.5m | 277.9m | 309.1m | 312.9m | 337.6m | 330.9m | 313.4m | 269.1m | 235.9m | 202.7m | 226.2m |
Prepaid Expenses | 67.0m | 73.8m | 74.8m | 77.0m | 85.4m | 88.5m | 84.1m | 79.5m | 87.4m | 87.0m | 89.0m | 91.8m |
Inventories | 386.0m | 388.2m | 402.8m | 432.8m | 492.7m | 495.0m | 493.2m | 483.7m | 469.5m | 449.6m | 457.4m | 416.4m |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 30.4m | 72.3m | 133.4m | 41.9m | 107.2m | 174.2m | 35.6m | 56.3m | 53.2m | 5.8m | (413.1m) | 144.0k |
Depreciation and Amortization | 21.1m | 48.8m | 75.9m | 27.7m | 55.8m | 84.4m | 29.0m | 56.8m | 89.2m | 13.2m | ||
Inventories | (3.7m) | 5.0m | 4.1m | (16.1m) | (59.7m) | (84.9m) | (9.5m) | (2.6m) | 1.7m | (867.0k) | (19.3m) | 18.6m |
Accounts Payable | 1.4m | 8.7m | 6.5m | 4.7m | 13.6m | 3.5m | 4.7m | (802.0k) | (5.2m) | 789.0k | 9.9m | (912.0k) |
| USD | FY, 2016 |
|---|---|
Financial Leverage | 1.3 x |
Coherent Operating Metrics
Coherent's Backlog was reported to be $502.1m in FY, 2019.
Coherent Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Rofin - Sinar | March 16, 2016 | $942 m |
| Raydiance | July 28, 2015 | |
| Tinsley Laboratories | July 01, 2015 | $4.3 m |
| LUMERA LASER | December 20, 2012 | $52 m |
| Innolight Innovative Laser and Systemtechnik | November 05, 2012 | $18.3 m |
| MiDaz Lasers | November 01, 2012 | $3.8 m |
| Hypertronics | November 05, 2010 | $14.5 m |
| Beam Dynamics | April 29, 2010 | $6.52 m |
| StockerYale | October 30, 2009 | $15 m |
| Nuvonyx | May 04, 2007 | $14 m |
Coherent Revenue Breakdown
Coherent revenue breakdown by business segment: 61.8% from OEM Laser Sources and 38.2% from Industrial Lasers & Systems
Coherent revenue breakdown by geographic segment: 8.0% from Japan, 8.1% from Asia-Pacific, other, 10.0% from Germany, 10.7% from Europe, other, 16.8% from China, 21.1% from South Korea, 25.2% from United States and 0.0% from Other
Coherent Cybersecurity Score
Coherent Environment, Social & Governance (ESG) Ratings
Coherent Online and Social Media Presence
2.23k Twitter followers
Coherent has 2.23k Twitter Followers. The number of followers has increased 1% month over month and increased 1.6% quarter over quarter
Coherent's Trends
Twitter Engagement Stats for @CoherentInc
3.6k
Tweets
386
Following
2.2k
Followers
54
Tweets last 30 days
1.2
Avg. likes per Tweet
88.9%
Tweets with engagement
Coherent Company Culture
Overall Culture
C-
63/100
CEO Rating
C-
63/100
Compensation
C+
68/100
Coherent News and Updates
May 12, 2021
Coherent, Inc. Reports Second Fiscal Quarter Results
Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its second fiscal quarter ended April 3, 2021.
May 12, 2021
II-VI and Coherent Provide Update on Transaction Milestones
II-VI Incorporated (NASDAQ: IIVI) and Coherent, Inc. (NASDAQ: COHR) today provided an update on their previously announced merger to create a diversified global leader in photonic solutions, compound semiconductors, and laser technology and systems that is well-positioned to take advantage of irreve…
March 25, 2021
Coherent Board Accepts II-IV Acquisition Proposal
Coherent, Inc. (NASDAQ: COHR) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) on March 17, 2021 continues to be a “Company…
March 23, 2021
Coherent Confirms Receipt of New Acquisition Proposal From Lumentum
Coherent, Inc. (NASDAQ: COHR) today announced that it has received a new acquisition proposal from Lumentum Holdings Inc. (NASDAQ: LITE). Under the terms of Lumentum’s new proposal, each share of Coherent common stock would be exchanged for $230.00 in cash and 0.6724 of a share of Lumentum common st…
May 30, 2019
Coherent, Inc. to Present at the Stifel 2019 Cross Sector Insight Conference
SANTA CLARA, Calif., May 30, 2019 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that its President and Chief Executive Officer John Ambroseo, and Executive Vice President and Chief Financial Officer Kevin Palatnik, will participate in a fireside chat with investors at the...
May 09, 2019
The OSA Foundation, Coherent Inc., Name First Recipient of The Bernard J. Couillaud Prize
Postdoctoral researcher David Carlson Seeks to Develop New Material to Enable the Integrated Photonics Revolution.read more
Coherent Frequently Asked Questions
When was Coherent founded?
Coherent was founded in 1966.
Who are Coherent key executives?
Coherent's key executives are Andy Mattes, Kevin Palatnik and Mark S. Sobey.
How many employees does Coherent have?
Coherent has 4,875 employees.
What is Coherent revenue?
Latest Coherent annual revenue is $1.2 b.
What is Coherent revenue per employee?
Latest Coherent revenue per employee is $252.1 k.
Who are Coherent competitors?
Competitors of Coherent include MKS Instruments, Excelitas Technologies and Novanta.
Where is Coherent headquarters?
Coherent headquarters is located at 5100 Patrick Henry Dr, Santa Clara.
Where are Coherent offices?
Coherent has offices in Santa Clara, Plymouth, Wilsonville, Hilton and in 27 other locations.
How many offices does Coherent have?
Coherent has 33 offices.
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