Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Earnings Erode in Third Quarter at Coherent

Industrial Photonics
Oct 2014
SANTA CLARA, Calif., July 31, 2014 — Coherent Inc. reported a net income of $13 million in the third quarter of its current fiscal year, compared to 16.7 million in the third quarter of fiscal 2013, a 22 percent decrease.

“Our third-quarter results were somewhat mixed,” said CEO John Ambroseo. “Outstanding bookings were balanced against lower-than-expected earnings, which were impacted by an unfavorable mix and lower volume.”

Third-quarter sales amounted to $196.5 million, compared to $213.7 million in the third quarter of fiscal 2013, a decrease of 8 percent.

Ambroseo highlighted orders for the company’s low-temperature poly-silicon (LPTS) annealing systems, which he said are gaining ground in mobile phone and tablet manufacturing.

He also said there were strong sales of OEM products for materials processing, especially fiber lasers for metal cutting, additive manufacturing systems and laser manufacturing workstations. Cataract, dental and aesthetic lasers performed well also, Ambroseo said.

Meanwhile, the company’s board of directors recently authorized a $25 million common stock buyback program.

The process of heating and slowly cooling a solid material, like glass or metal, to stabilize its thermal, electrical or optical properties or, as in semiconductor materials, to reverse lattice damage resulting from ion implantation of dopants.
The process of forming a lens to a given pattern, or of cutting a piece of glass along the line of scratch.
additive manufacturingfiber lasersindustrialAmericasannealingBusinessCoherentcuttingfiber opticsJohn Ambroseolasersmaterials processingOEMlow-temperature poly-siliconLPTSBusiness News

Search more than 4000 manufacturers and suppliers of photonics products and services worldwide:

Featured Company

Coherent Inc.
Coherent is one of the world’s leading providers of lasers and laser-based technology for scientific, commercial and industrial customers competing in the most demanding markets. Our laser applications and tools offer cutting-edge solutions to...
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,
x Subscribe to Industrial Photonics magazine - FREE!