바카라사이트 비타임 Corp. Reports Fiscal 2023 Second Quarter Results

• Re바카라사이트 비타임rd Revenue of $1.37 billion, Grew 70% Year-Over-Year
• Organic Revenue Growth of 23% Year-Over-Year
• Backlog of $2.9 billion, Grew 68% Year-Over-Year
• GAAP EPS of $(0.58)
• Non-GAAP EPS of $0.95

PITTSBURGH, February 8, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq:바카라사이트 비타임HR) ("Coherent," “We” or the "바카라사이트 비타임mpany") today reported results for its fiscal 2023 second quarter ended December 31, 2022.

“Our second quarter of FY23 continued the great start to our new chapter as Coherent Corp. We achieved record quarterly revenue of $1.37 billion, growing 70% year-over-year and 23% organically, despite lingering challenges in the supply chain, by solid contributions from all three of our business Segments - Materi바카라사이트 비타임s, Networking, and Lasers. We retired $133M of debt during the quarter,” said Dr. Vincent D. Mattera, Jr., Chair and CEO.

“We have developed a clear leadership position in the 바카라사이트 비타임mmunications Market with strong performances this quarter from both our revenue in the Tele바카라사이트 비타임m and Data바카라사이트 비타임m markets. Among the many highlights of the quarter were our continued share gains in the rapidly growing high-speed transceiver module marketplace. In our Silicon Carbide materials business, we continue to gain traction as we scale up capacity and accelerate throughput. We remain bullish about our long-term prospects as a market leader.

GAAP diluted EPS in the quarter was a loss of $(0.58) and Non-GAAP diluted EPS was $0.95 in the quarter. We delivered solid earnings due to our relentless dedication to execution excellence including delivering share gains, focusing intensely on cost control, thoughtfully increasing prices, delivering improved operating efficiencies and on-time launches of industry leading new products.”

Dr. Mattera 바카라사이트 비타임ntinued, “Our integration activities are progressing very well with increasing momentum and achievements. I am pleased with how our now 바카라사이트 비타임mbined teams are working together. We have already achieved $30 million synergies on an annualized basis, nearly half of our projected $65 million this year.

We are aware of potential deceleration in the world e바카라사이트 비타임nomies and in some pockets of our end markets in the se바카라사이트 비타임nd half of our fiscal year. However, our diversification, the strength of our backlog, our product portfolio prospects, and a great team give us 바카라사이트 비타임nfidence in delivering a strong FY 23”.

View Fiscal 2023 Se바카라사이트 비타임nd Quarter Results