Coherent Corp. Files 2024 10-K

TL;DR

COHR 10-K filed. Full year financials out.

AI Summary

Coherent Corp. filed its 10-K for the fiscal year ending June 30, 2024. The company, formerly known as II-VI Inc., is a leader in optical instruments and lenses. The filing details its financial performance and business operations, with its headquarters located at 375 Saxonburg Blvd, Saxonburg, PA.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Coherent Corp.'s financial health and strategic direction for the past fiscal year.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Players & Entities

• COHERENT CORP. (company) — Filer
• II-VI INC. (company) — Former Company Name
• 375 SAXONBURG BLVD, SAXONBURG, PA 16056 (company) — Business and Mail Address
• 20240630 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $2.6 b — 30, 2024, our backlog was approximately $2.6 billion, compared with approximately $2.7
• $2.7 billion — .6 billion, compared with approximately $2.7 billion as of June 30, 2023. Global Operations

Filing Documents

• iivi-20240630.htm (10-K) — 2766KB
• ex401descriptionofcoherent.htm (EX-4.01) — 10KB
• ex1025descriptionofincenti.htm (EX-10.25) — 11KB
• ex1901-insidertradingandti.htm (EX-19.01) — 49KB
• ex2101listofsubsidiaries06.htm (EX-21.01) — 71KB
• ex2301-accountingfirmxfy24.htm (EX-23.01) — 5KB
• ex3101-ceocertificationxfy.htm (EX-31.01) — 10KB
• ex3102-cfocertificationxfy.htm (EX-31.02) — 10KB
• ex3201-ceosoxxfy2410xk.htm (EX-32.01) — 5KB
• ex3202-cfosoxxfy2410xk.htm (EX-32.02) — 5KB
• ex9701coherentcorpcompensa.htm (EX-97.01) — 54KB
• iivi-20240630_g1.jpg (GRAPHIC) — 57KB
• image_01a.jpg (GRAPHIC) — 70KB
• imagea.jpg (GRAPHIC) — 9KB
• 0000820318-24-000016.txt ( ) — 15827KB
• iivi-20240630.xsd (EX-101.SCH) — 91KB
• iivi-20240630_cal.xml (EX-101.CAL) — 181KB
• iivi-20240630_def.xml (EX-101.DEF) — 605KB
• iivi-20240630_lab.xml (EX-101.LAB) — 1192KB
• iivi-20240630_pre.xml (EX-101.PRE) — 922KB
• iivi-20240630_htm.xml (XML) — 2481KB

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K (including certain information incorporated herein by reference) contains forward-looking statements made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). The statements in this Annual Report on Form 10-K that are not purely historical are forward-looking statements, including, without limitation, statements regarding our expectations, assumptions, beliefs, intentions or strategies regarding the future. In some cases, these forward-looking statements can be identified by terminology such as, "may," "will," "should," "expects," "plans," "anticipates," "believes," "intends," "estimates," "predicts," "projects," "potential," or "continue" or the negative of these terms or other comparable terminology. Forward-looking statements address, among other things, our assumptions, our expectations, our assessments of the size and growth rates of our markets, our growth strategies, our efforts to increase bookings, sales and revenues, projections of our future profitability, cash generation, success of our research, development and engineering investments, results of operations, capital expenditures, our financial condition, our ability to integrate acquired businesses or other "forward-looking" information and include statements about revenues, costs, investments, earnings, margins, or our projections, actions, plans or strategies. The forward-looking statements in this Annual Report on Form 10-K involve risks and uncertainties, which could cause actual results, performance or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. We believe that all forward-looking statements made by us have a reasonable basis, but there can be no assurance that these expectations, beliefs or projections will actually occur

BUSINESS

Item 1. BUSINESS Definitions Coherent Corp. ("Coherent," the "Company," "we," "us," or "our"), a global leader in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. Our headquarters are located at 375 Saxonburg Boulevard, Saxonburg, Pennsylvania 16056, USA. Our telephone number is +1-724-352-4455. Reference to "Coherent," the "Company," "we," "us," or "our" in this Annual Report on Form 10-K, unless the context requires otherwise, refers to Coherent Corp. and its wholly owned subsidiaries. The following defined terms are used in this Annual Report on Form 10-K: artificial intelligence (AI); bismuth telluride (Bi 2 Te 3 ); cadmium telluride (CdTe); carbon dioxide (CO 2 ); chemical vapor deposition (CVD) of materials including diamond; continuous wave (CW); datacenter interconnect (DCI); dense wavelength division multiplexing (DWDM); diversity, equity, and inclusion (DEI); edge-emitting lasers (EELs); environmental, social, and governance (ESG); extreme-ultraviolet (EUV) lithography; fifth-generation (5G) wireless; fourth-generation (4G) wireless; gallium arsenide (GaAs); gallium antimonide (GaSb), gallium nitride (GaN); Geostationary Operational Environment Satellite Program (GOES); gigabit per second (Gbps); high-definition multimedia interface (HDMI); high-electron-mobility transistor (HEMT); indium phosphide (InP); infrared (IR); integrated circuit (IC); intellectual property (IP); kilowatt (kW); light detection and ranging (LiDAR); liquid crystal (LC); liquid crystal on silicon (LCoS); machine learning (ML); metal-oxide-semiconductor field-effect transistor (MOSFET); millimeters (mm); nanometers (nm); near-infrared (NIR); optical channel monitor (OCM); optoelectronic chip hybrid integration platform (OCHIP); original equipment manufa

View Full Filing

View this 10-K filing on SEC EDGAR