NYSE$COHR

Coherent Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

II-VI reported record quarterly revenues and significant quarterly growth year-over-year.

II-VI Incorporated reported its Q4 and full-year fiscal 2022 results, achieving record quarterly revenues of $887 million, a 7% sequential increase, and a 10% year-over-year increase. The company posted GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98. For the full fiscal year, revenue reached $3.32 billion.

  • Delivered record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-year.
  • Posted Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98.
  • Achieved record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectively.
  • Generated operating cash flow of $413 million.

Headline financials

Total Revenue

$887M

Previous: $392M+126.5%
EPS (adj)

$0.25

Previous: $1.77-85.9%
GAAP Gross Margin

36.8%

No prior period
Non-GAAP Gross Margin

38.7%

No prior period
GAAP Operating Margin

12.9%

No prior period
Non-GAAP Operating Margin

19.0%

No prior period
Capital Expenditures

$118M

Previous: $41M+188.6%
Free Cash Flow

$19M

Previous: $86.5M-78.1%
Net Income

$43.6M

Previous: $82.3M-47.0%
Operating Income

$114M

Previous: $107M+6.4%
Gross Profit

$326M

Previous: $308M+6.0%
Cash & Equivalents

$2.58B

Previous: $1.59B+62.2%
Total Assets

$7.84B

Previous: $6.51B+20.5%
Stock-Based Comp

$15.8M

Previous: $16.5M-4.5%

Revenue & EPS history

Coherent · Revenue · Quarterly

$887M

Q4 2022+126.5%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The outlook for the first fiscal 2023 quarter ending September 30, 2022 is revenue of $1,300 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.77 to $0.90.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.1%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.4%

Avg return

30 days after

54%

36 / 67 earnings

Positive

+18.1%

Q1 2026

Best reaction

-30.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-7.8%+8.5%+9.3%
Q2 2026-0.8%+8.2%+11.7%
Q1 2026+18.1%+17.4%+35.0%
Q3 2025+1.5%+13.3%+14.5%
Q2 2025+11.5%-2.9%-26.1%
Q1 2025+17.0%+11.9%+18.9%
Q4 2024+14.4%+17.3%+16.4%
Q3 2024-2.1%-5.0%+18.1%
Q2 2024+0.6%+26.9%+31.7%
Q1 2024-0.1%+3.4%+18.7%
Q4 2023-30.7%-27.6%-29.1%
Q3 2023-8.6%-9.8%+22.0%
Q2 2023-2.4%-2.3%-12.2%
Q1 2023+17.2%+26.5%+18.0%
Q4 2022-2.2%-9.6%-33.0%
Q2 2022-0.8%-1.3%-6.5%
Q3 2022+6.1%+6.1%-0.6%
Q1 2022+5.3%+4.2%+1.2%
Q4 2021+0.6%+2.5%+5.0%
Q3 2021-1.6%-4.2%-5.4%
Q2 2021-4.6%-1.4%+8.7%
Q1 2021+5.9%-4.4%-24.0%
Q4 2020+3.5%+5.1%+21.7%
Q3 2020+1.3%+0.1%-24.2%
Q2 2020+1.0%+2.8%+5.0%
Q1 2020-0.6%-1.3%-17.1%
Q4 2019+3.0%+1.4%-17.7%
Q3 2019-2.5%-8.3%-8.2%
Q2 2019-4.2%+3.8%-17.2%
Q1 2019-0.8%+12.7%+27.0%
Q4 2018+2.8%-15.5%-22.3%
Q3 2018-6.2%-7.8%+19.5%
Q2 2018+13.1%+13.3%+15.4%
Q1 2018-5.5%-7.1%+3.2%
Q4 2017+4.4%+12.3%+3.8%
Q3 2017-5.0%-7.2%-5.9%
Q2 2017+6.9%+4.9%+8.2%
Q1 2017+5.9%+8.3%-2.3%
Q4 2016+0.0%+2.4%+7.2%
Q3 2016+0.3%+0.7%+5.7%
Q2 2016+0.5%
Q1 2016+6.7%
Q4 2015+1.1%
Q3 2015-0.3%
Q2 2015-7.3%
Q1 2015+2.7%
Q4 2014+1.3%
Q3 2014+1.0%
Q2 2014+1.7%
Q1 2014-5.5%
Q4 2013-6.2%
Q3 2013-6.2%
Q2 2013+4.4%
Q1 2013+2.4%
Q4 2012-1.7%
Q3 2012+6.0%
Q2 2012-0.1%
Q1 2012+2.2%
Q4 2009+7.6%
Q4 2011+7.6%
Q3 2010+4.2%
Q3 2011+4.2%
Q2 2010-0.8%
Q2 2011-0.8%
Q1 2010-2.4%
Q1 2011-2.4%
Q4 2010-2.4%

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