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Coherent Inc. (COHR) filed Quarterly Report for the period ended 2011-12-31.
Coherent Inc. has a market cap of $1.36 billion; its shares were traded at around $57.73 with a P/E ratio of 18.8 and P/S ratio of 1.7.
This is the annual revenues and earnings per share of COHR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of COHR.
Highlight of Business Operations:
During the three months ended December 31, 2011, $0.5 million was capitalized into inventory for all stock plans, $0.4 million was amortized to cost of sales and $0.5 million remained in inventory at December 31, 2011. During the three months ended January 1, 2011, $0.4 million was capitalized into inventory for all stock plans, $0.2 million was amortized to cost of sales and $0.4 million remained in inventory at January 1, 2011. Management has made an estimate of expected forfeitures and is recognizing compensation costs only for those equity awards expected to vest.Net sales for the first quarter of fiscal 2012 increased by $7.7 million, or 4%, including an increase of $3.2 million due to the impact of foreign currency exchange rates, compared to the first quarter of fiscal 2011. Sales increases in the microelectronics, materials processing and scientific and government programs markets were partially offset by a decrease in the OEM components and instrumentation market.
Net sales for the first quarter of fiscal 2012 increased by $7.7 million, or 4%, compared to the first quarter of fiscal 2011, with increases of $13.9 million, or 11%, in our SLS segment and decreases of $6.2 million, or 10%, in our CLC segment.
Selling, general and administrative (“SG&A”) expenses decreased $1.4 million or 4%, during the first fiscal quarter ended December 31, 2011 compared to the same quarter one year ago. The decrease was primarily due to $2.2 million lower payroll spending due to lower performance-related compensation spending partially offset by higher headcount and increased salaries, $1.4 million lower charges for increases in deferred compensation plan liabilities with the related earnings for increases in deferred compensation plan assets recorded in other income (expense) and decreased spending on legal and consulting related to acquisitions ($0.7 million) partially offset by $0.9 million higher stock-related compensation expense, the acquisition of Hypertronics in the second quarter of fiscal 2011 ($0.7 million), higher spending on demo amortization and tradeshows ($0.6 million), the impact of foreign currency exchange rates ($0.3 million) and higher other variable net spending ($0.4 million). On a segment basis as compared to the prior year period, CLC spending decreased $0.4 million primarily due to lower payroll spending. SLS segment expenses increased $0.7 million primarily due to the acquisition of Hypertronics, higher spending on demo amortization and tradeshows and the impact of foreign exchange rates partially offset by lower payroll spending. Spending for Corporate and other decreased $1.7 million primarily due to lower charges for increases in deferred compensation plan liabilities, lower payroll spending and decreased spending on legal and consulting related to acquisitions partially offset by higher stock-related compensation expense.
Cash provided by investing activities during the first three months of fiscal 2012 was $9.5 million, which included $17.6 million net sales of available-for-sale securities partially offset by $8.1 million used to acquire property and equipment and improve buildings.
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