Short answer
Coherent Corp (COHR) filed its fiscal 2018 10-K annual report with the SEC on Aug 28, 2018. It reported revenue of $1.2B (+19.2% year over year) and net income of $88M.
- Top risk flagged: GDPR, effective May 2018: inadequate compliance could trigger fines, penalties, damages and reputational harm
FY2018 key financial metrics · XBRL
- Revenue
- $1.2B
- +19.2% YoY
- Net income
- $88M
- −7.6% YoY
- Operating margin
- 11.7%
- −0.2 pp YoY
- EPS (diluted)
- $1.35
- −8.8% YoY
- ROE
- 8.6%
- −2.0 pp YoY
- Operating cash flow
- $161M
- +35.7% YoY
Source: XBRL data from the Coherent Corp (COHR) FY2018 10-K on SEC EDGAR. USD.
Coherent Corp FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Engineered materials and optoelectronic components for seven markets, differentiated by vertical integration and proprietary manufacturing technologies
- 3D-sensing VCSELs, LiDAR lasers, direct-diode laser engines and EUV-focused CVD diamond emphasized as growth platforms
- Strategic positioning toward fast-growing markets, including datacenters, 5G, consumer 3D sensing, electric vehicles and automotive LiDAR
- Bookings approximately $1.2B, up from $1.1B; backlog approximately $450M, up from $400M
- Global footprint generated 68% of fiscal 2018 revenue outside the United States, supported by 11,443 employees
Management Discussion & Analysis
- Revenue $1,158.8M, up 19% YoY from $972.0M, driven by demand across all segments
- Gross margin 39.8% vs 39.9%; effective tax rate 28.0% vs 19.8%
- Best segment: Laser Solutions revenue $428.0M, up 26%; worst growth: Photonics revenue $464.4M, up 11%
- Operating cash flow $161.0M; capex $153.4M; acquisitions $80.5M; treasury stock purchases $49.9M
- Outlook: CoAdna acquisition near September 1, 2018 for approximately $85.0M; risks from cyclical demand and foreign earnings repatriation taxation
Risk Factors
- GDPR, effective May 2018: inadequate compliance could trigger fines, penalties, damages and reputational harm
- International revenue exposure: non-U.S. sales represented 68% of fiscal 2018 revenue amid U.S.-China tariffs and retaliation
- Supply-chain vulnerability: high-quality optical-grade ZnSe and hydrogen selenide production require tightly controlled processes
- Competitive disruption: faster competitor advances could render Coherent products or manufacturing processes obsolete
- Convertible senior notes: required cash repurchases or conversion settlements could exceed available liquidity
Generated from the filing text; verify against the original. How to read a 10-K
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