secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-139932
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent Q3 revenue $1.24B, GAAP EPS $(0.24); plans restructuring, reviews SiC options
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- Revenue $1.24B (+50% YoY, organic +6%); non-GAAP EPS $0.58 vs $0.95 prior year.
- GAAP net income $2.5M, diluted EPS $(0.24) due to $0.58 per share adjustments.
- Multi-year restructuring: site consolidation, head-count reduction, relocation to lower-cost sites.
- Reviewing strategic alternatives for Silicon Carbide Business: minority investment, JV, or sale.
- Guidance Q4: rev $1.125-1.175B, non-GAAP EPS $0.33-0.43; FY rev $5.08-5.15B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/0001193125-23-139932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/d426278d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139932

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer