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Share Name | Share Symbol | Market | Type |
---|---|---|---|
II VI Incorporated | NASDAQ:IIVI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.95 | 41.95 | 42.30 | 0 | 01:00:00 |
☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
☐ | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
PENNSYLVANIA | 25-1214948 | ||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
375 Saxonburg Boulevard | 16056 | ||||||||||
Saxonburg, | PA | (Zip Code) | |||||||||
(Address of principal executive offices) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Common Stock, no par value | COHR | Nasdaq Global Select Market | ||||||
Series A Mandatory Convertible Preferred Stock, no par value | IIVIP | Nasdaq Global Select Market |
Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
Emerging growth company | ☐ |
Page No. | |||||||||||
Condensed Consolidated Balance Sheets – December 31, 2022 and June 30, 2022 (Unaudited) | |||||||||||
Condensed Consolidated Statements of Earnings (Loss) – Three and Six Months Ended December 31, 2022 and 2021 (Unaudited) | |||||||||||
Condensed Consolidated Statements of Comprehensive Income (Loss) – Three and Six Months Ended December 31, 2022 and 2021 (Unaudited) | |||||||||||
Condensed Consolidated Statements of Cash Flows – Six Months Ended December 31, 2022 and 2021 (Unaudited) | |||||||||||
Condensed Consolidated Statements of Shareholders’ Equity and Mezzanine Equity – Three and Six Months Ended December 31, 2022 and 2021 (Unaudited) | |||||||||||
December 31, 2022 | June 30, 2022 | ||||||||||
Assets | |||||||||||
Current Assets | |||||||||||
Cash, cash equivalents, and restricted cash | $ | 913,286 | $ | 2,582,371 | |||||||
Accounts receivable - less allowance for doubtful accounts of $7,843 at December 31, 2022 and $4,206 at June 30, 2022 | 956,674 | 700,331 | |||||||||
Inventories | 1,367,375 | 902,559 | |||||||||
Prepaid and refundable income taxes | 25,266 | 19,585 | |||||||||
Prepaid and other current assets | 153,799 | 100,346 | |||||||||
Total Current Assets | 3,416,400 | 4,305,192 | |||||||||
Property, plant & equipment, net | 1,875,558 | 1,363,195 | |||||||||
Goodwill | 4,426,841 | 1,285,759 | |||||||||
Other intangible assets, net | 4,028,533 | 635,404 | |||||||||
Deferred income taxes | 30,860 | 31,714 | |||||||||
Other assets | 330,702 | 223,582 | |||||||||
Total Assets | $ | 14,108,894 | $ | 7,844,846 | |||||||
Liabilities, Mezzanine Equity and Shareholders' Equity | |||||||||||
Current Liabilities | |||||||||||
Current portion of long-term debt | $ | 74,927 | $ | 403,212 | |||||||
Accounts payable | 428,959 | 434,917 | |||||||||
Accrued compensation and benefits | 208,474 | 172,109 | |||||||||
Operating lease current liabilities | 39,101 | 27,574 | |||||||||
Accrued income taxes payable | 75,424 | 29,317 | |||||||||
Other accrued liabilities | 306,031 | 199,830 | |||||||||
Total Current Liabilities | 1,132,916 | 1,266,959 | |||||||||
Long-term debt | 4,422,817 | 1,897,214 | |||||||||
Deferred income taxes | 825,904 | 77,259 | |||||||||
Operating lease liabilities | 146,537 | 110,214 | |||||||||
Other liabilities | 219,459 | 109,922 | |||||||||
Total Liabilities | 6,747,633 | 3,461,568 | |||||||||
Mezzanine Equity | |||||||||||
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 and 75,000 shares at December 31, 2022 and June 30, 2022, respectively; redemption value - $2,253,479 and $798,181, respectively | 2,182,471 | 766,803 | |||||||||
Shareholders' Equity | |||||||||||
Series A preferred stock, no par value, 6% cumulative; issued - 2,300,000 shares at December 31, 2022 and June 30, 2022 | 445,319 | 445,319 | |||||||||
Common stock, no par value; authorized - 300,000,000 shares; issued - 153,869,047 shares at December 31, 2022; 120,923,171 shares at June 30, 2022 | 3,704,259 | 2,064,552 | |||||||||
Accumulated other comprehensive income (loss) | 126,130 | (2,167) | |||||||||
Retained earnings | 1,192,847 | 1,348,125 | |||||||||
5,468,555 | 3,855,829 | ||||||||||
Treasury stock, at cost; 15,067,831 shares at December 31, 2022 and 13,972,758 shares at June 30, 2022 | (289,765) | (239,354) | |||||||||
Total Shareholders' Equity | 5,178,790 | 3,616,475 | |||||||||
Total Liabilities, Mezzanine Equity and Shareholders' Equity | $ | 14,108,894 | $ | 7,844,846 |
Three Months Ended December 31, | |||||||||||
2022 | 2021 | ||||||||||
Revenues | $ | 1,370,285 | $ | 806,819 | |||||||
Costs, Expenses, and Other Expense (Income) | |||||||||||
Cost of goods sold | 959,097 | 495,652 | |||||||||
Internal research and development | 128,791 | 95,328 | |||||||||
Selling, general and administrative | 274,151 | 117,617 | |||||||||
Interest expense | 70,904 | 17,062 | |||||||||
Other expense (income), net | 3,696 | 1,806 | |||||||||
Total Costs, Expenses, & Other Expense (Income) | 1,436,639 | 727,465 | |||||||||
Earnings (Loss) Before Income Taxes | (66,354) | 79,354 | |||||||||
Income Tax Expense (Benefit) | (21,282) | 11,697 | |||||||||
Net Earnings (Loss) | $ | (45,072) | $ | 67,657 | |||||||
Less: Dividends on Preferred Stock | $ | 35,889 | $ | 16,703 | |||||||
Net Earnings (Loss) available to the Common Shareholders | $ | (80,961) | $ | 50,954 | |||||||
Basic Earnings (Loss) Per Share | $ | (0.58) | $ | 0.48 | |||||||
Diluted Earnings (Loss) Per Share | $ | (0.58) | $ | 0.44 |
Six Months Ended December 31, | |||||||||||
2022 | 2021 | ||||||||||
Revenues | $ | 2,714,855 | $ | 1,601,930 | |||||||
Costs, Expenses, and Other Expense (Income) | |||||||||||
Cost of goods sold | 1,860,093 | 984,139 | |||||||||
Internal research and development | 249,875 | 184,294 | |||||||||
Selling, general and administrative | 554,165 | 240,225 | |||||||||
Interest expense | 132,793 | 29,253 | |||||||||
Other expense (income), net | 35,301 | (5,776) | |||||||||
Total Costs, Expenses, & Other Expense (Income) | 2,832,227 | 1,432,135 | |||||||||
Earnings (Loss) Before Income Taxes | (117,372) | 169,795 | |||||||||
Income Tax Expense (Benefit) | (33,602) | 27,674 | |||||||||
Net Earnings (Loss) | $ | (83,770) | $ | 142,121 | |||||||
Less: Dividends on Preferred Stock | $ | 71,466 | $ | 33,785 | |||||||
Net Earnings (Loss) available to the Common Shareholders | $ | (155,236) | $ | 108,336 | |||||||
Basic Earnings (Loss) Per Share | $ | (1.14) | $ | 1.02 | |||||||
Diluted Earnings (Loss) Per Share | $ | (1.14) | $ | 0.94 |
Three Months Ended December 31, | Six Months Ended December 31, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net earnings (loss) | $ | (45,072) | $ | 67,657 | $ | (83,770) | $ | 142,121 | |||||||||||||||
Other comprehensive income (loss): | |||||||||||||||||||||||
Foreign currency translation adjustments | 232,035 | 2,593 | 99,664 | (11,788) | |||||||||||||||||||
Change in fair value of interest rate swap, net of taxes of $(92) and $3,360 for the three and six months ended December 31, 2022, respectively, and $2,714 and $3,448 for the three and six months ended December 31, 2021, respectively | (334) | 9,910 | 12,270 | 12,591 | |||||||||||||||||||
Change in fair value of interest rate cap, net of taxes of $(1,208) and $4,232 for the three and six months ended December 31, 2022, respectively, and $0 for the three and six months ended December 31, 2021 | (4,543) | — | 15,921 | — | |||||||||||||||||||
Pension adjustment, net of taxes of $0 for the three and six months ended December 31, 2022, and $0 for the three and six months ended December 31, 2021 | 403 | — | 442 | — | |||||||||||||||||||
Comprehensive income (loss) | $ | 182,489 | $ | 80,160 | $ | 44,527 | $ | 142,924 |
Six Months Ended December 31, | |||||||||||
2022 | 2021 | ||||||||||
Cash Flows from Operating Activities | |||||||||||
Net earnings (loss) | $ | (83,770) | $ | 142,121 | |||||||
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation | 129,227 | 100,392 | |||||||||
Amortization | 187,968 | 40,327 | |||||||||
Share-based compensation expense | 88,952 | 40,709 | |||||||||
Amortization of discount on convertible debt and debt issuance costs | 8,276 | 4,557 | |||||||||
Unrealized losses (gains) on foreign currency remeasurements and transactions | 3,988 | (1,880) | |||||||||
Loss from equity investments | (740) | (1,393) | |||||||||
Deferred income taxes | (86,232) | 3,218 | |||||||||
Loss on debt extinguishment | 6,835 | — | |||||||||
Increase (decrease) in cash from changes in (net of effect of acquisitions): | |||||||||||
Accounts receivable | 12,647 | 55,548 | |||||||||
Inventories | 96,084 | (123,748) | |||||||||
Accounts payable | (82,042) | 12,752 | |||||||||
Contract liabilities | 12,078 | 25,096 | |||||||||
Income taxes | 24,098 | 2,598 | |||||||||
Accrued compensation and benefits | (24,231) | (35,288) | |||||||||
Other operating net assets (liabilities) | 6,930 | (24,924) | |||||||||
Net cash provided by operating activities | 300,068 | 240,085 | |||||||||
Cash Flows from Investing Activities | |||||||||||
Additions to property, plant & equipment | (245,854) | (101,689) | |||||||||
Purchases of businesses, net of cash acquired | (5,488,556) | — | |||||||||
Other investing activities | (2,261) | — | |||||||||
Net cash used in investing activities | (5,736,671) | (101,689) | |||||||||
Cash Flows from Financing Activities | |||||||||||
Proceeds from borrowings of Term A Facility | 850,000 | — | |||||||||
Proceeds from borrowings of Term B Facility | 2,800,000 | — | |||||||||
Proceeds from borrowings of Revolving Credit Facility | 65,000 | — | |||||||||
Proceeds from issuance of Series B Preferred Shares | 1,400,000 | — | |||||||||
Proceeds from issuance of Senior Notes | — | 990,000 | |||||||||
Payments on Finisar Notes | — | (14,888) | |||||||||
Payments on existing debt | (1,065,217) | (31,025) | |||||||||
Payments on convertible notes | (3,561) | — | |||||||||
Payments on borrowings under Revolving Credit Facility | (65,000) | — | |||||||||
Debt issuance costs | (126,516) | (5,639) | |||||||||
Equity issuance costs | (42,000) | — | |||||||||
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan | 7,749 | 8,370 | |||||||||
Payments in satisfaction of employees' minimum tax obligations | (50,516) | (13,823) | |||||||||
Payment of dividends | (13,800) | (20,708) | |||||||||
Other financing activities | (582) | (1,415) | |||||||||
Net cash provided by financing activities | 3,755,557 | 910,872 | |||||||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 16,769 | 8,556 | |||||||||
Net increase (decrease) in cash, cash equivalents, and restricted cash | (1,664,277) | 1,057,824 | |||||||||
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 2,582,371 | 1,591,892 | |||||||||
Cash, Cash Equivalents, and Restricted Cash at End of Period | $ | 918,094 | $ | 2,649,716 | |||||||
Cash paid for interest | $ | 127,039 | $ | 16,104 | |||||||
Cash paid for income taxes | $ | 31,853 | $ | 22,933 | |||||||
Additions to property, plant & equipment included in accounts payable | $ | 47,060 | $ | 64,098 |
Six Months Ended December 31, | |||||||||||
2022 | 2021 | ||||||||||
Cash, cash equivalents, and restricted cash | $ | 913,286 | $ | 2,649,716 | |||||||
Restricted cash, non-current | 4,808 | — | |||||||||
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows | $ | 918,094 | $ | 2,649,716 |
Common Stock | Preferred Stock | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Treasury Stock | Total | Mezzanine Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Preferred Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - June 30, 2022 | 120,923 | $ | 2,064,552 | 2,300 | $ | 445,319 | $ | (2,167) | $ | 1,348,125 | (13,973) | $ | (239,354) | $ | 3,616,475 | 75 | $ | 766,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based and deferred compensation activities | 2,398 | 61,431 | — | — | — | — | (830) | (40,860) | 20,571 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Coherent Acquisition | 22,588 | 1,207,591 | — | — | — | — | — | — | 1,207,591 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Convertible debt conversions | 7,181 | 337,940 | — | — | — | — | — | — | 337,940 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Loss | — | — | — | — | — | (38,698) | — | — | (38,698) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | — | — | — | — | (132,371) | — | — | — | (132,371) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate swap, net of taxes of $3,452 | — | — | — | — | 12,604 | — | — | — | 12,604 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate cap, net of taxes of $5,440 | — | — | — | — | 20,464 | — | — | — | 20,464 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of Series B shares | — | — | — | — | — | — | — | — | — | 140 | 1,358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension adjustment, net of taxes of $0 | — | — | — | — | 39 | — | — | — | 39 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | — | — | — | — | — | (35,577) | — | — | (35,577) | — | 28,677 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - September 30, 2022 | 153,090 | $ | 3,671,514 | 2,300 | $ | 445,319 | $ | (101,431) | $ | 1,273,850 | (14,803) | $ | (280,214) | $ | 5,009,038 | 215 | $ | 2,153,480 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based and deferred compensation activities | 779 | 32,745 | — | — | — | — | (266) | (9,551) | 23,194 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Loss | — | — | — | — | — | (45,072) | — | — | (45,072) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | — | — | — | — | 232,035 | — | — | — | 232,035 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate swap, net of taxes of $(92) | — | — | — | — | (334) | — | — | — | (334) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate cap, net of taxes of $(1,208) | — | — | — | — | (4,543) | — | — | — | (4,543) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension adjustment, net of taxes of $0 | — | — | — | — | 403 | — | — | — | 403 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | — | — | — | — | — | (35,931) | — | — | (35,931) | — | 28,992 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - December 31, 2022 | 153,869 | $ | 3,704,259 | 2,300 | $ | 445,319 | $ | 126,130 | $ | 1,192,847 | (15,069) | $ | (289,765) | $ | 5,178,790 | 215 | $ | 2,182,471 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock | Preferred Stock | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Treasury Stock | Total | Mezzanine Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Preferred Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - June 30, 2021 | 119,127 | $ | 2,028,273 | 2,300 | $ | 445,319 | $ | 14,267 | $ | 1,136,777 | (13,640) | $ | (218,466) | $ | 3,406,170 | 75 | $ | 726,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based and deferred compensation activities | 844 | 30,567 | — | — | — | — | (200) | (12,935) | 17,632 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Earnings | — | — | — | — | — | 74,464 | — | — | 74,464 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | — | — | — | — | (14,381) | — | — | — | (14,381) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate swap, net of taxes of $734 | — | — | — | — | 2,681 | — | — | — | 2,681 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | — | — | — | — | — | (2,082) | — | — | (2,082) | — | 10,182 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
— | (56,388) | — | — | — | 44,916 | — | — | (11,472) | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - September 30, 2021 | 119,971 | $ | 2,002,452 | 2,300 | $ | 445,319 | $ | 2,567 | $ | 1,239,075 | (13,840) | $ | (231,401) | $ | 3,458,012 | 75 | $ | 736,360 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based and deferred compensation activities | 82 | 16,854 | — | — | — | — | (13) | (806) | 16,048 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Earnings | — | — | — | — | — | 67,657 | — | — | 67,657 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | — | — | — | — | 2,593 | — | — | — | 2,593 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of interest rate swap, net of taxes of $2,714 | — | — | — | — | 9,910 | — | — | — | 9,910 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension adjustment, net of taxes | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | — | — | — | — | — | (16,807) | — | — | (16,807) | — | 9,803 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance - December 31, 2021 | 120,053 | $ | 2,019,306 | 2,300 | $ | 445,319 | $ | 15,070 | $ | 1,289,925 | $ | (13,853) | $ | (232,207) | $ | 3,537,413 | 75 | $ | 746,163 | |||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Per Share | Total Consideration | |||||||||||||||
Cash paid for merger consideration | — | — | $ | 5,460,808 | |||||||||||||
Shares of COHR common stock issued to Legacy Coherent stockholders | 22,587,885 | $49.83 | 1,125,554 | ||||||||||||||
Converted Legacy Coherent RSUs attributable to pre-combination service | — | — | 82,037 | ||||||||||||||
Payment of Legacy Coherent debt | — | — | 364,544 | ||||||||||||||
Payment of Legacy Coherent transaction expenses | — | — | 62,840 | ||||||||||||||
$ | 7,095,783 |
Preliminary Allocation as of 7/1/2022 | ||||||||||||||||||||
Previously Reported September 30, 2022 | Measurement Period Adjustments (i) | As Adjusted (preliminary) | ||||||||||||||||||
Assets | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash, cash equivalents, and restricted cash | $ | 393,324 | $ | — | $ | 393,324 | ||||||||||||||
Accounts receivable | 270,928 | — | 270,928 | |||||||||||||||||
Inventories (ii) | 497,345 | 66,581 | 563,926 | |||||||||||||||||
Prepaid and refundable income taxes (iii) | 8,869 | (1,592) | 7,277 | |||||||||||||||||
Prepaid and other current assets | 41,467 | — | 41,467 | |||||||||||||||||
Total Current Assets | 1,211,933 | 64,989 | 1,276,922 | |||||||||||||||||
Property, plant & equipment, net (iv) | 424,228 | 16,704 | 440,932 | |||||||||||||||||
Deferred income taxes (iii) | 1,115 | (793) | 322 | |||||||||||||||||
Other assets | 102,726 | — | 102,726 | |||||||||||||||||
Other intangible assets, net (v) | 2,425,454 | 1,079,546 | 3,505,000 | |||||||||||||||||
Goodwill | 4,005,727 | (910,633) | 3,095,094 | |||||||||||||||||
Total Assets | $ | 8,171,183 | $ | 249,813 | $ | 8,420,996 | ||||||||||||||
Liabilities | ||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||
Current portion of long-term debt | $ | 4,504 | $ | — | $ | 4,504 | ||||||||||||||
Accounts payable | 116,754 | — | 116,754 | |||||||||||||||||
Accrued compensation and benefits | 60,596 | — | 60,596 | |||||||||||||||||
Operating lease current liabilities | 13,002 | — | 13,002 | |||||||||||||||||
Accrued income taxes payable | 16,936 | — | 16,936 | |||||||||||||||||
Other accrued liabilities (vi) | 136,042 | 702 | 136,744 | |||||||||||||||||
Total Current Liabilities | 347,834 | 702 | 348,536 | |||||||||||||||||
Long-term debt | 22,991 | — | 22,991 | |||||||||||||||||
Deferred income taxes (iii) | 563,824 | 249,674 | 813,498 | |||||||||||||||||
Operating lease liabilities | 43,313 | — | 43,313 | |||||||||||||||||
Other liabilities (vi) | 97,438 | (563) | 96,875 | |||||||||||||||||
Total Liabilities | $ | 1,075,400 | $ | 249,813 | $ | 1,325,213 | ||||||||||||||
Preliminary aggregate acquisition consideration | $ | 7,095,783 | $ | — | $ | 7,095,783 |
Preliminary Fair Value | Estimated Useful Life | ||||||||||
Trade names and trademarks | $ | 430,000 | N/A | ||||||||
Customer relationships | 1,830,000 | 15 years | |||||||||
Developed technology | 1,157,500 | 13.5 years | |||||||||
Backlog | 87,500 | 1.0 year | |||||||||
Intangible assets acquired | $ | 3,505,000 |
Three Months Ended December 31, 2022 | Three Months Ended December 31, 2021 | ||||||||||
Revenue | $ | 1,370,285 | $ | 1,191,326 | |||||||
Net Earnings (Loss) | 101,349 | (65,115) |
Six Months Ended December 31, 2022 | Six Months Ended December 31, 2021 | ||||||||||
Revenue | $ | 2,714,855 | $ | 2,378,111 | |||||||
Net Earnings (Loss) | 211,420 | (241,375) |
Three Months Ended December 31, 2022 | Six Months Ended December 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
Networking | Materials | Lasers | Total | Networking | Materials | Lasers | Total | ||||||||||||||||||||||||||||||||||||||||
Industrial | $ | 15,926 | $ | 149,454 | $ | 284,851 | $ | 450,231 | 34,619 | 293,537 | 583,092 | 911,248 | |||||||||||||||||||||||||||||||||||
Communications | 579,393 | 20,662 | — | 600,055 | 1,142,914 | 42,539 | — | 1,185,453 | |||||||||||||||||||||||||||||||||||||||
Electronics | 3,003 | 196,952 | — | 199,955 | 6,825 | 373,574 | — | 380,399 | |||||||||||||||||||||||||||||||||||||||
Instrumentation | 10,358 | 15,328 | 94,358 | 120,044 | 20,870 | 28,390 | 188,495 | 237,755 | |||||||||||||||||||||||||||||||||||||||
Total Revenues | $ | 608,680 | $ | 382,396 | $ | 379,209 | $ | 1,370,285 | $ | 1,205,228 | $ | 738,040 | $ | 771,587 | $ | 2,714,855 |
Three Months Ended December 31, 2021 | Six Months Ended December 31, 2021 | ||||||||||||||||||||||||||||||||||
Networking | Materials | Total | Networking | Materials | Total | ||||||||||||||||||||||||||||||
Industrial | $ | 19,996 | $ | 166,864 | $ | 186,860 | 41,725 | 321,748 | 363,473 | ||||||||||||||||||||||||||
Communications | 483,640 | 23,562 | 507,202 | 982,271 | 43,437 | 1,025,708 | |||||||||||||||||||||||||||||
Electronics | 3,360 | 83,423 | 86,783 | 6,328 | 160,443 | 166,771 | |||||||||||||||||||||||||||||
Instrumentation | 9,545 | 16,429 | 25,974 | 17,230 | 28,748 | 45,978 | |||||||||||||||||||||||||||||
Total Revenues | $ | 516,541 | $ | 290,278 | $ | 806,819 | $ | 1,047,554 | $ | 554,376 | $ | 1,601,930 |
December 31, 2022 | June 30, 2022 | ||||||||||
Raw materials | $ | 486,649 | $ | 318,758 | |||||||
Work in progress | 608,777 | 408,405 | |||||||||
Finished goods | 271,949 | 175,396 | |||||||||
$ | 1,367,375 | $ | 902,559 |
December 31, 2022 | June 30, 2022 | ||||||||||
Land and improvements | $ | 73,887 | $ | 19,368 | |||||||
Buildings and improvements | 646,228 | 415,530 | |||||||||
Machinery and equipment | 1,960,765 | 1,651,762 | |||||||||
Construction in progress | 315,965 | 271,605 | |||||||||
Finance lease right-of-use asset | 24,999 | 25,000 | |||||||||
3,021,844 | 2,383,265 | ||||||||||
Less accumulated depreciation | (1,146,286) | (1,020,070) | |||||||||
$ | 1,875,558 | $ | 1,363,195 |
Six Months Ended December 31, 2022 | |||||||||||||||||||||||
Networking | Materials | Lasers | Total | ||||||||||||||||||||
Balance-beginning of period | $ | 1,048,743 | $ | 237,016 | $ | — | $ | 1,285,759 | |||||||||||||||
Transfer between segments1 | (35,466) | 35,466 | — | — | |||||||||||||||||||
Goodwill acquired | — | — | 3,095,094 | 3,095,094 | |||||||||||||||||||
Foreign currency translation | (1,633) | 786 | 46,835 | 45,988 | |||||||||||||||||||
Balance-end of period | $ | 1,011,644 | $ | 273,268 | $ | 3,141,929 | $ | 4,426,841 |
December 31, 2022 | June 30, 2022 | ||||||||||||||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Book Value | Gross Carrying Amount | Accumulated Amortization | Net Book Value | ||||||||||||||||||||||||||||||
Technology | $ | 1,658,893 | $ | (206,723) | $ | 1,452,170 | $ | 473,845 | $ | (144,409) | $ | 329,436 | |||||||||||||||||||||||
Trade Names | 452,419 | (7,866) | 444,553 | 22,536 | (7,454) | 15,082 | |||||||||||||||||||||||||||||
Customer Lists | 2,341,807 | (255,047) | 2,086,760 | 464,880 | (173,994) | 290,886 | |||||||||||||||||||||||||||||
Backlog and Other | 90,366 | (45,316) | 45,050 | 1,563 | (1,563) | — | |||||||||||||||||||||||||||||
Total | $ | 4,543,485 | $ | (514,952) | $ | 4,028,533 | $ | 962,824 | $ | (327,420) | $ | 635,404 |
December 31, 2022 | June 30, 2022 | ||||||||||
New Term A Facility, interest at LIBOR, as defined, plus 2.00% | $ | 839,375 | $ | — | |||||||
Debt issuance costs, New Term A Facility and New Revolving Credit Facility | (20,453) | — | |||||||||
New Term B Facility, interest at LIBOR, as defined, plus 2.75% | 2,743,000 | — | |||||||||
Debt issuance costs, New Term B Facility | (72,802) | — | |||||||||
1.30% Term loan due 2024 | 163 | — | |||||||||
1.00% State of Connecticut term loan due 2023 | 2,336 | — | |||||||||
Facility construction loan in Germany due 2030 | 23,433 | — | |||||||||
Existing Term A Facility, interest at LIBOR, as defined, plus 1.375% | — | 995,363 | |||||||||
Debt issuance costs, Existing Term A Facility and Existing Revolving Credit Facility | — | (18,396) | |||||||||
5.000% Senior Notes | 990,000 | 990,000 | |||||||||
Debt issuance costs and discount, Senior Notes | (7,308) | (7,703) | |||||||||
0.25% Convertible Senior Notes | — | 341,501 | |||||||||
Debt issuance costs and discount, 0.25% Convertible Senior Notes | — | (339) | |||||||||
Total debt | 4,497,744 | 2,300,426 | |||||||||
Current portion of long-term debt | (74,927) | (403,212) | |||||||||
Long-term debt, less current portion | $ | 4,422,817 | $ | 1,897,214 |
Three Months Ended December 31, 2022 | Six Months Ended December 31, 2022 | ||||||||||
Finance lease cost | |||||||||||
Amortization of right-of-use assets | $ | 417 | $ | 833 | |||||||
Interest on lease liabilities | 284 | 572 | |||||||||
Total finance lease cost | 701 | 1,405 | |||||||||
Operating lease cost | 13,045 | 26,311 | |||||||||
Total lease cost | $ | 13,746 | $ | 27,716 | |||||||
Cash Paid for Amounts Included in the Measurement of Lease Liabilities | |||||||||||
Operating cash flows from finance leases | $ | 284 | $ | 572 | |||||||
Operating cash flows from operating leases | 12,354 | 25,052 | |||||||||
Financing cash flows from finance leases | 346 | 688 | |||||||||
Weighted-Average Remaining Lease Term (in Years) | |||||||||||
Finance leases | 9.0 | ||||||||||
Operating leases | 6.8 | ||||||||||
Weighted-Average Discount Rate | |||||||||||
Finance leases | 5.6 | % | |||||||||
Operating leases | 5.3 | % |
Three Months Ended December 31, 2021 | Six Months Ended December 31, 2021 | ||||||||||
Finance Lease Cost | |||||||||||
Amortization of right-of-use assets | $ | 418 | $ | 838 | |||||||
Interest on lease liabilities | 302 | 609 | |||||||||
Total finance lease cost | $ | 720 | $ | 1,447 | |||||||
Operating lease cost | 9,176 | 18,395 | |||||||||
Sublease income | 143 | 507 | |||||||||
Total lease cost | $ | 9,753 | $ | 19,335 | |||||||
Cash Paid for Amounts Included in the Measurement of Lease Liabilities | |||||||||||
Operating cash flows from finance leases | $ | 302 | $ | 609 | |||||||
Operating cash flows from operating leases | 8,850 | 17,665 | |||||||||
Financing cash flows from finance leases | 312 | 622 |
Three Months Ended December 31, | Six Months Ended December 31, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Dividends per share | $ | 3.00 | $ | 3.00 | $ | 6.00 | $ | 6.00 | |||||||||||||||
Mandatory Convertible Preferred Stock dividends ($000) | 6,900 | 6,900 | 13,800 | 13,800 |
Three Months Ended December 31, | Six Months Ended December 31, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Dividends per share | $ | 134.83 | $ | 130.71 | $ | 268.21 | $ | 266.47 | |||||||||||||||
Dividends ($000) | 27,821 | 9,307 | 55,298 | 19,011 | |||||||||||||||||||
Deemed dividends ($000) | 1,168 | 496 | 2,368 | 974 |
Three Months Ended December 31, | Six Months Ended December 31, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Numerator | |||||||||||||||||||||||
Net earnings (loss) | $ | (45,072) | $ | 67,657 | $ | (83,770) | $ | 142,121 | |||||||||||||||
Deduct Series A preferred stock dividends | (6,900) | (6,900) | (13,800) | (13,800) | |||||||||||||||||||
Deduct Series B dividends and deemed dividends | (28,989) | (9,803) | (57,666) | (19,985) | |||||||||||||||||||
Basic earnings (loss) available to common shareholders | $ | (80,961) | $ | 50,954 | $ | (155,236) | $ | 108,336 | |||||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||
Add back interest on Convertible Notes (net of tax) | $ | — | $ | 577 | $ | — | $ | 1,079 | |||||||||||||||
Diluted earnings (loss) available to common shareholders | $ | (80,961) | $ | 51,531 | $ | (155,236) | $ | 109,415 | |||||||||||||||
Denominator | |||||||||||||||||||||||
Weighted average shares | 138,623 | 106,158 | 135,951 | 105,960 | |||||||||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||
Common stock equivalents | — | 2,952 | — | 2,854 | |||||||||||||||||||
Convertible Notes | — | 7,330 | — | 7,330 | |||||||||||||||||||
Diluted weighted average common shares | 138,623 | 116,440 | 135,951 | 116,144 | |||||||||||||||||||
Basic earnings (loss) per common share | $ | (0.58) | $ | 0.48 | $ | (1.14) | $ | 1.02 | |||||||||||||||
Diluted earnings (loss) per common share | $ | (0.58) | $ | 0.44 | $ | (1.14) | $ | 0.94 |
Three Months Ended December 31, | Six Months Ended December 31, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Common stock equivalents | 2,827 | 2 | 2,295 | 16 | |||||||||||||||||||
Convertible Notes | — | — | 2,237 | — | |||||||||||||||||||
Series A Mandatory Convertible Preferred Stock | 10,697 | 8,915 | 10,149 | 8,915 | |||||||||||||||||||
Series B Convertible Preferred Stock | 26,184 | 9,105 | 26,022 | 9,049 | |||||||||||||||||||
Total anti-dilutive shares | 39,708 | 18,022 | 40,703 | 17,980 |
Three Months Ended December 31, 2022 | |||||||||||||||||||||||||||||
Networking | Materials | Lasers | Unallocated & Other | Total | |||||||||||||||||||||||||
Revenues | $ | 608,680 | $ | 382,396 | $ | 379,209 | $ | — | $ | 1,370,285 | |||||||||||||||||||
Inter-segment revenues | 17,630 | 85,844 | 917 | (104,391) | — | ||||||||||||||||||||||||
Operating income (loss) | 90,039 | 81,472 | (163,265) | — | 8,246 | ||||||||||||||||||||||||
Interest expense | — | — | — | — | (70,904) | ||||||||||||||||||||||||
Other income (expense), net | — | — | — | — | (3,696) | ||||||||||||||||||||||||
Income taxes | — | — | — | — | 21,282 | ||||||||||||||||||||||||
Net loss | — | — | — | — | (45,072) | ||||||||||||||||||||||||
Depreciation and amortization | 40,241 | 28,035 | 101,633 | — | 169,909 | ||||||||||||||||||||||||
Expenditures for property, plant & equipment | 30,383 | 61,474 | 15,007 | — | 106,864 | ||||||||||||||||||||||||
Segment assets | 3,518,319 | 2,248,600 | 8,341,975 | — | 14,108,894 | ||||||||||||||||||||||||
Goodwill | 1,011,644 | 273,268 | 3,141,929 | — | 4,426,841 |
Three Months Ended December 31, 2021 | |||||||||||||||||||||||
Networking | Materials | Unallocated & Other | Total | ||||||||||||||||||||
Revenues | $ | 516,541 | $ | 290,278 | $ | — | $ | 806,819 | |||||||||||||||
Inter-segment revenues | 24,552 | 77,094 | (101,646) | — | |||||||||||||||||||
Operating income (loss) | 50,424 | 56,538 | (8,740) | 98,222 | |||||||||||||||||||
Interest expense | — | — | — | (17,062) | |||||||||||||||||||
Other income (expense), net | — | — | — | (1,806) | |||||||||||||||||||
Income taxes | — | — | — | (11,697) | |||||||||||||||||||
Net earnings | — | — | — | 67,657 | |||||||||||||||||||
Depreciation and amortization | 42,545 | 28,481 | — | 71,026 | |||||||||||||||||||
Expenditures for property, plant & equipment | 10,620 | 43,502 | — | 54,122 | |||||||||||||||||||
Six Months Ended December 31, 2022 | |||||||||||||||||||||||||||||
Networking | Materials | Lasers | Unallocated & Other | Total | |||||||||||||||||||||||||
Revenues | $ | 1,205,228 | $ | 738,040 | $ | 771,587 | $ | — | $ | 2,714,855 | |||||||||||||||||||
Inter-segment revenues | 36,370 | 180,898 | 1,083 | (218,351) | — | ||||||||||||||||||||||||
Operating income (loss) | 181,021 | 156,807 | (287,106) | — | 50,722 | ||||||||||||||||||||||||
Interest expense | — | — | — | — | (132,793) | ||||||||||||||||||||||||
Other income (expense), net | — | — | — | — | (35,301) | ||||||||||||||||||||||||
Income taxes | — | — | — | — | 33,602 | ||||||||||||||||||||||||
Net earnings | — | — | — | — | (83,770) | ||||||||||||||||||||||||
Depreciation and amortization | 83,015 | 54,562 | 179,618 | — | 317,195 | ||||||||||||||||||||||||
Expenditures for property, plant & equipment | 74,213 | 136,372 | 35,269 | — | 245,854 | ||||||||||||||||||||||||
Six Months Ended December 31, 2021 | |||||||||||||||||||||||
Networking | Materials | Unallocated & Other | Total | ||||||||||||||||||||
Revenues | $ | 1,047,554 | $ | 554,376 | $ | — | $ | 1,601,930 | |||||||||||||||
Inter-segment revenues | 56,721 | 139,857 | (196,578) | — | |||||||||||||||||||
Operating income (loss) | 109,863 | 103,316 | (19,907) | 193,272 | |||||||||||||||||||
Interest expense | — | — | — | (29,253) | |||||||||||||||||||
Other income (expense), net | — | — | — | 5,776 | |||||||||||||||||||
Income taxes | — | — | — | (27,674) | |||||||||||||||||||
Net earnings | — | — | — | 142,121 | |||||||||||||||||||
Depreciation and amortization | 84,379 | 56,340 | — | 140,719 | |||||||||||||||||||
Expenditures for property, plant & equipment | 35,416 | 66,273 | — | 101,689 | |||||||||||||||||||
Three Months Ended December 31, | Six Months Ended December 31, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Stock Options and Cash-Based Stock Appreciation Rights | $ | 601 | $ | 1,924 | $ | 160 | $ | 2,472 | ||||||||||||||||||
Restricted Share Awards and Cash-Based Restricted Share Unit Awards | 28,818 | 13,760 | 73,470 | 31,132 | ||||||||||||||||||||||
Performance Share Awards and Cash-Based Performance Share Unit Awards | 3,242 | 2,058 | 10,331 | 5,766 | ||||||||||||||||||||||
$ | 32,661 | $ | 17,742 | $ | 83,961 | $ | 39,370 |
December 31, 2022 | June 30, 2022 | ||||||||||||||||||||||
Fair Value | Carrying Value | Fair Value | Carrying Value | ||||||||||||||||||||
Convertible Notes | $ | — | $ | — | $ | 382,601 | $ | 341,162 | |||||||||||||||
Senior Notes | $ | 857,142 | $ | 982,692 | $ | 865,527 | $ | 982,297 |
Foreign Currency Translation Adjustment | Interest Rate Swap | Interest Rate Cap | Defined Benefit Pension Plan | Total Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
AOCI - June 30, 2022 | $ | (34,572) | $ | 11,735 | $ | 14,306 | $ | 6,364 | $ | (2,167) | |||||||||||||||||||
Other comprehensive income (loss) before reclassifications | 99,664 | 17,973 | 15,921 | 442 | 134,000 | ||||||||||||||||||||||||
Amounts reclassified from AOCI | — | (5,703) | — | — | (5,703) | ||||||||||||||||||||||||
Net current-period other comprehensive income (loss) | 99,664 | 12,270 | 15,921 | 442 | 128,297 | ||||||||||||||||||||||||
AOCI - December 31, 2022 | $ | 65,092 | $ | 24,005 | $ | 30,227 | $ | 6,806 | $ | 126,130 |
Three Months Ended December 31, 2022 | Three Months Ended December 31, 2021 | ||||||||||||||||||||||
% of Revenues | % of Revenues | ||||||||||||||||||||||
Total revenues | $ | 1,370 | 100 | % | $ | 807 | 100 | % | |||||||||||||||
Cost of goods sold | 959 | 70 | 496 | 61 | |||||||||||||||||||
Gross margin | 411 | 30 | 311 | 39 | |||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Internal research and development | 129 | 9 | 95 | 12 | |||||||||||||||||||
Selling, general and administrative | 274 | 20 | 118 | 15 | |||||||||||||||||||
Interest and other, net | 75 | 5 | 19 | 2 | |||||||||||||||||||
Earnings (loss) before income taxes | (66) | (5) | % | 79 | 10 | ||||||||||||||||||
Income taxes | (21) | (2) | % | 12 | 1 | ||||||||||||||||||
Net earnings (loss) | $ | (45) | (3) | % | $ | 68 | 8 | % | |||||||||||||||
Diluted earnings (loss) per share | $ | (0.58) | $ | 0.44 |
Six Months Ended December 31, 2022 | Six Months Ended December 31, 2021 | ||||||||||||||||||||||
% of Revenues | % of Revenues | ||||||||||||||||||||||
Total revenues | $ | 2,715 | 100 | % | $ | 1,602 | 100 | % | |||||||||||||||
Cost of goods sold | 1,860 | 69 | 984 | 61 | |||||||||||||||||||
Gross margin | 855 | 31 | 618 | 39 | |||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Internal research and development | 250 | 9 | 184 | 12 | |||||||||||||||||||
Selling, general and administrative | 554 | 20 | 240 | 15 | |||||||||||||||||||
Interest and other, net | 168 | 6 | 24 | 1 | |||||||||||||||||||
Earnings (loss) before income taxes | (117) | (4) | % | 170 | 11 | ||||||||||||||||||
Income taxes | (34) | (1) | % | 28 | 2 | ||||||||||||||||||
Net earnings (loss) | $ | (84) | (3) | % | $ | 142 | 9 | % | |||||||||||||||
Diluted earnings (loss) per share | $ | (1.14) | $ | 0.94 |
Three Months Ended December 31, | % Increase | Six Months Ended December 31, | % Increase | ||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||
Revenues | $ | 609 | $ | 517 | 18% | $ | 1,205 | $ | 1,048 | 15% | |||||||||||||||||||||||||
Operating income | $ | 90 | $ | 50 | 79% | $ | 181 | $ | 110 | 65% |
Three Months Ended December 31, | % Increase (Decrease) | Six Months Ended December 31, | % Increase (Decrease) | ||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||
Revenues | $ | 382 | $ | 290 | 32% | $ | 738 | $ | 554 | 33% | |||||||||||||||||||||||||
Operating income | $ | 81 | $ | 57 | 44% | $ | 157 | $ | 103 | 52% |
Three Months Ended December 31, | % Increase (Decrease) | Six Months Ended December 31, | % Increase (Decrease) | ||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||
Revenues | $ | 379 | $ | — | N/A | $ | 772 | $ | — | N/A | |||||||||||||||||||||||||
Operating income | $ | (163) | $ | — | N/A | $ | (287) | $ | — | N/A |
Six Months Ended December 31, | |||||||||||
2022 | 2021 | ||||||||||
Net cash provided by operating activities | $ | 300 | $ | 240 | |||||||
Proceeds from long-term borrowings and revolving credit facility | 3,715 | — | |||||||||
Net proceeds from debt and equity issuances | 1,358 | 990 | |||||||||
Effect of exchange rate changes on cash and cash equivalents and other items | 17 | 9 | |||||||||
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan | 8 | 8 | |||||||||
Other items | (3) | (2) | |||||||||
Payments on Convertible Debt | (4) | (15) | |||||||||
Payment of dividends | (14) | (21) | |||||||||
Payments in satisfaction of employees' minimum tax obligations | (51) | (14) | |||||||||
Debt issuance costs | (127) | (6) | |||||||||
Additions to property, plant & equipment | (246) | (102) | |||||||||
Payments on existing debt | (1,130) | (31) | |||||||||
Purchases of businesses, net of cash acquired | (5,489) | — |
December 31, 2022 | June 30, 2022 | |||||||||||||||||||
Cash, cash equivalents, and restricted cash | $ | 913 | $ | 2,582 | ||||||||||||||||
Available borrowing capacity under New Revolving Credit Facility | 350 | 450 | ||||||||||||||||||
Total debt obligations | 4,498 | 2,300 |
Incorporated by reference herein | ||||||||||||||||||||||||||||||||
Exhibit Numbers | Form | Exhibit No. | Filing Date | File No. | ||||||||||||||||||||||||||||
31.01* | ||||||||||||||||||||||||||||||||
31.02* | ||||||||||||||||||||||||||||||||
32.01* | ||||||||||||||||||||||||||||||||
32.02* | ||||||||||||||||||||||||||||||||
101.INS | Inline XBRL Instance Document - the instance document does not appear in the interactive data file because XBRL tags are embedded within the inline XBRL document | |||||||||||||||||||||||||||||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||||||||||||||||||||||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||||||||||||||||||||||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||||||||||||||||||||||||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||||||||||||||||||||||||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||||||||||||||||||||||||||
104 | Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
Coherent Corp. | ||||||||
(Registrant) | ||||||||
Date: February 8, 2023 | By: | /s/ Vincent D. Mattera, Jr. | ||||||
Vincent D. Mattera, Jr Chief Executive Officer | ||||||||
Date: February 8, 2023 | By: | /s/ Mary Jane Raymond | ||||||
Mary Jane Raymond Chief Financial Officer and Treasurer |
1 Year II VI Chart |
1 Month II VI Chart |
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