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COHR / Coherent expected restructuring charges of up to $200 million; stock extends rally

Coherent expected restructuring charges of up to $200 million; stock extends rally
Coherent Corp. COHR, +14.02% disclosed Tuesday that it expects to record $150 million to $200 million in charges related to a restructuring plan approved last week. The engineered materials and opto-electronics components company said the restructuring includes site consolidations, the moving and closing of facilities and the relocation of certain manufacturing facilities, and will be coupled with other cost cutting measures, “as part of a transformation to a simpler, more streamlined” business model. Read More
Posted: May 30 2023, 06:42
Author Name: Market Watch
Views: 101922

COHR News  

Coherent: Temporary Economic Challenges With A Long-Term Growth Outlook

By Seeking Alpha
October 19, 2023

Coherent: Temporary Economic Challenges With A Long-Term Growth Outlook

Coherent: Temporary Economic Challenges With A Long-Term Growth Outlook more_horizontal

Coherent: Not Sending A Coherent Message

By Seeking Alpha
October 17, 2023

Coherent: Not Sending A Coherent Message

Coherent (formerly II-VI) has faced operational headwinds and a debt overhang, leading to a re-rated stock. Shares have doubled in a few weeks due to more_horizontal

Better Stock Buy: Coherent vs. Lumentum

By The Motley Fool
October 16, 2023

Better Stock Buy: Coherent vs. Lumentum

Coherent and Lumentum are both leading laser and optical chip makers. Coherent is larger and operates a growing silicon carbide business. more_horizontal

5 Things About Coherent That Smart Investors Know

By The Motley Fool
October 16, 2023

5 Things About Coherent That Smart Investors Know

Coherent expanded through acquisitions over the past three decades. It expects to profit from the growth of the silicon carbide and AI markets. more_horizontal

Why Investors Shoved Coherent Stock 5% Higher This Week

By The Motley Fool
October 13, 2023

Why Investors Shoved Coherent Stock 5% Higher This Week

Two major players in Japanese industry are investing $1 billion into a key company business. The pair are manufacturers Mitsubishi Electric and Denso. more_horizontal

Where Will Coherent Stock Be in 1 Year?

By The Motley Fool
October 13, 2023

Where Will Coherent Stock Be in 1 Year?

Coherent's stock has stayed nearly flat since its acquisition by II-VI last year. Sluggish sales of its legacy products are offsetting its stronger sa more_horizontal

Why Coherent Stock Jumped on Tuesday

By The Motley Fool
October 10, 2023

Why Coherent Stock Jumped on Tuesday

Two Japanese automakers will invest $1 billion in Coherent's silicon carbide business. Coherent will own 75% of the new subsidiary. more_horizontal

Coherent shares surge on $1B investment from Denso and Mitsubishi Electric

By Proactive Investors
October 10, 2023

Coherent shares surge on $1B investment from Denso and Mitsubishi Electric

Coherent Corp shares jumped on Tuesday following the announcement of a substantial $1 billion investment into its silicon carbide business from two Ja more_horizontal


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