II-VI Incorporated

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

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Coherent Corp

Coherent Corp. (NYSE:IIVI ) Q4 2023 Results Conference Call August 16, 2023 9:00 AM ET Company Participants Paul Silverstein - VP, IR Dr. Chuck Mattera - Chairman and CEO Mary Jane Raymond - CFO Dr. Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Dr. Mark Sobey - Laser Segment, President Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Vivek Arya - Bank of America Tom O'Malley - Barclays Jed Dorsheimer - William Blair Christopher Rolland - Susquehanna Ananda Baruah - Loop Capital Ruben Roy - Stifel Dave Kang - B. Riley Jim Ricchiuti - Needham & Company Tim Savageaux - Northland Capital Markets Mike Genovese - Rosenblatt Securities Operator Good day and thank you for standing by.

Coherent Corp. (IIVI) Q4 2023 Earnings Call Transcript

Coherent Corp. (NYSE:IIVI ) Q3 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Mary Raymond - Chief Financial Officer Vincent Mattera - Chairman and Chief Executive Officer Mark Sobey - President of Lasers Segment Walter Bashaw - President Giovanni Barbarossa - Chief Strategy Officer and President of Materials Segment Conference Call Participants Ananda Baruah - Loop Capital Markets LLC Simon Leopold - Raymond James & Associates, Inc. Jed Dorsheimer - William Blair & Company James Ricchiuti - Needham & Company, LLC Christopher Rolland - Susquehanna Financial Group Samik Chatterjee - JPMorgan Chase & Co. Sidney Ho - Deutsche Bank AG Meta Marshall - Morgan Stanley Mark Miller - The Benchmark Company Ruben Roy - Stifel, Nicolaus & Company, Inc. Operator Good day, and thank you for standing by. Welcome to the Coherent Corp. FY2023 Third Quarter Earnings Call.

Coherent Corp. (IIVI) Q3 2023 Earnings Call Transcript

The consensus price target hints at a 90.2% upside potential for Coherent (IIVI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 90% Upside in Coherent (IIVI): Here's What You Should Know

PITTSBURGH, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), the world's leading supplier of components and modules for optical communications, today announced that it is exhibiting at ECOC 2022 in Basel, Switzerland, Sept. 19-21, booth #1.

Coherent Thought Leaders to Present at ECOC 2022 and Showcase New Products With Live Technology Demonstrations

PITTSBURGH, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in optical communications technology, today announced the introduction of its ultrahigh-resolution telemetry module, or optical channel monitor (UHR-OCM), for embedded performance monitoring in optical transport systems transmitting at up to 800G and beyond.

Coherent Introduces Ultrahigh-Resolution Telemetry Module for Embedded Performance Monitoring in 800G Optical Transport Systems

PITTSBURGH, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a global leader in optical communications components and subsystems, today announced the introduction of its 200 Gbps indium phosphide (InP) electro-absorption modulated lasers (EMLs) for high-speed datacenter transceivers.

Coherent Introduces 200G Indium Phosphide Electro-Absorption Modulated Lasers for High-Speed Datacenter Transceivers

PITTSBURGH, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in pump laser technology for optical networks, today announced the introduction of its I-Temp micro-pump lasers for extended ambient temperature operation in broadband optical access networks.

Coherent Introduces I-Temp Micro-Pump Lasers for Extended Temperature Operation in Broadband Optical Access Networks

PITTSBURGH, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in photonics for communications and aerospace & defense, today announced that it has won a Defense Advanced Research Projects Agency (DARPA) contract to develop coherent optical transceiver technology for the agency's Space-Based Adaptive Communications Node (Space-BACN) program. The aim of Space-BACN is to create low-cost, high-speed, reconfigurable, laser-based data links that will enable communications between various government and private-sector low-Earth-orbit (LEO) satellite constellations.

Coherent Awarded Contract to Develop Optical Transceivers for the DARPA Space-BACN Program

PITTSBURGH, Sept. 08, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced a corporate name change to Coherent Corp. (Nasdaq: COHR) and a new brand identity, following the successful completion of II-VI's acquisition of Coherent, Inc., on July 1, 2022.

II-VI Changes Name to Coherent and Launches New Brand Identity

PITTSBURGH, Sept. 02, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:

II-VI Incorporated to Present at the Citi 2022 Global Technology Conference

II-VI set new records for quarterly revenue in F4Q 2022 and significant growth in response to sustained robust demand across its businesses. II-VI confirmed significant share gains in 3D sensing at Apple, gaining share from Lumentum.

II-VI Stock: Optimistic Outlook For A Stellar Fiscal 2023

II-VI Incorporated (NASDAQ:IIVI ) Q4 2022 Results Conference Call August 24, 2022 9:00 AM ET Company Participants Mary Jane Raymond - CFO Dr. Chuck Mattera - Chair and CEO Dr. Giovanni Barbarossa - Chief Strategy Officer and President, Compound Semiconductors Conference Call Participants Paul Silverstein - Cowen Ananda Baruah - Loop Capital Dave Kang - B. Riley Mark Miller - Benchmark Jim Ricchiuti - Needham Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Harsh Kumar - Piper Sandler Sidney Ho - Deutsche Bank Thomas O'Malley - Barclays Operator Good day and thank you for standing by.

II-VI Incorporated (IIVI) CEO Dr. Chuck Mattera on Q4 2022 Results - Earnings Call Transcript

II-VI (IIVI) delivered earnings and revenue surprises of 3.16% and 2.97%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

II-VI (IIVI) Tops Q4 Earnings and Revenue Estimates

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PITTSBURGH, Aug. 24, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) ("II-VI," “We” or the "Company") an innovator in materials, networking and lasers enabling a sustainable world, today reported results for its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022.

II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results

PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) (“II-VI,” “We,” or the “Company”), an innovator in materials, networking, and lasers enabling a sustainable world, today announced that its Board of Directors, upon the recommendation of its Human Capital and Compensation Committee, has unanimously agreed to extend Dr. Vincent D. “Chuck” Mattera, Jr.'s, contract as CEO until August 1, 2030.

II-VI Incorporated's Board of Directors Extends CEO Contract with Dr. Chuck Mattera

PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed a multi-year contract to supply Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) with 150 mm silicon carbide (SiC) substrates for power electronics.

II-VI Incorporated Signs Multi-Year Contract to Supply Infineon with Silicon Carbide Substrates for Power Electronics

PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed an over $100 million contract to supply Dongguan Tianyu Semiconductor Technology Co., Ltd., with 150 mm silicon carbide substrates to be delivered beginning this quarter and through the end of calendar year 2023.

II-VI Incorporated Closes $100 Million Contract to Supply Tianyu with Silicon Carbide Substrates for Power Electronics

II-VI is positioned well to grow organically as well as through the recent acquisition of Coherent. Silicon carbide manufacturing provides a unique growth opportunity for II-VI.

II-VI: Technology For The Future

PITTSBURGH, Aug. 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a conference call on Wednesday, August 24, 2022, at 9:00 a.m. ET. The call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Materials Segment.

II-VI Incorporated to Host FY 2022 Fourth-Quarter Conference Call

PITTSBURGH and HSINCHU, Taiwan, July 18, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in semiconductor lasers, and Artilux, a leader in germanium silicon (GeSi) photonics and CMOS SWIR sensing technology, today announced a joint demonstration of a next-generation 3D camera with much longer range and higher image resolution to greatly enhance user experience in the metaverse.

II-VI Incorporated and Artilux Demonstrate a 3D Camera for Enhanced User Experience in the Metaverse

The combined company will be named Coherent and will trade under the ticker symbol COHR on the Nasdaq stock market on a date soon to be announced. The combined company will be named Coherent and will trade under the ticker symbol COHR on the Nasdaq stock market on a date soon to be announced.

II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers

PITTSBURGH and SANTA CLARA, Calif., June 28, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI) (“II-VI”) and Coherent, Inc. (Nasdaq: COHR) (“Coherent”) today announced that II-VI has obtained antitrust clearance from the State Administration for Market Regulation of the People's Republic of China (“SAMR”) for II-VI's pending acquisition of Coherent. The clearance decision from SAMR satisfies the closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approvals. II-VI expects the closing of its acquisition of Coherent (the “Merger”) to occur on or about July 1, 2022.

II-VI Incorporated Obtains All Governmental Regulatory Approvals to Complete Acquisition of Coherent, Inc. and Sets Expected Closing Date

II-VI (IIVI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

News for II-VI Incorporated Stock (IIVI)