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Coherent, Inc. Reports Strong First Fiscal Quarter Results and Raises Annual Sales Guidance
Date:1/28/2010

SANTA CLARA, Calif., Jan. 28 /PRNewswire-FirstCall/ -- Coherent, Inc. (Nasdaq: COHR), a world leader in providing photonics based solutions to the commercial and scientific research markets, today announced financial results for its first fiscal quarter ended January 2, 2010.

FINANCIAL HIGHLIGHTS

    
    
    
    
                                             Three Months Ended
                                             ------------------
    GAAP Results                    January 2,    October 3,      December 27,
    (in millions except per
     share data)                      2010           2009             2008
                                      ----           ----             ----
    Bookings                         $158.4         $133.4           $103.3
    Net sales                        $122.8         $107.6           $124.4
    Net income (loss)                  $4.2          $(4.5)          $(14.7)
    Diluted EPS                       $0.17         $(0.18)          $(0.61)
    
    Non-GAAP Results
    (in millions except per share data)
    
    Net income (loss)                  $5.1          $(0.9)            $8.6
    Diluted EPS                       $0.21         $(0.04)           $0.36
    
    

FIRST FISCAL QUARTER DETAILS

For the first fiscal quarter ended January 2, 2010, Coherent announced net sales of $122.8 million and net income, on a U.S. generally accepted accounting principles (GAAP) basis, of $4.2 million ($0.17 per diluted share).  These results compare to net sales of $124.4 million a
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SOURCE Coherent, Inc.
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