Financial Metrics and Projections
COHERENT CORP ADDITIONAL FINANCIAL INFORMATION
COHERENT
Item
Amount Estimated for FY23
Estimated Depreciation
$271M
Estimated Amortization
$374M
Estimated Inventory Step-up
$158M
Comments
$66M for Lasers, $5M per quarter for step up
$295M for Lasers
Amortized over Q1 and Q2 FY23
Targets
Year 1: $60M
Synergies
$250M run rate synergies by year 3
Year 2: $90M
Year 3: $100M
Cap Ex
Stock Compensation
Interest
Tax Rate
Gross Margin Range (Non-GAAP)
Operating Expense Range (Non-GAAP)
Operating Margin (Non-GAAP)
Shares Oustanding
Series B Shares
Legacy Coherent Inc Full Q1 FY22
Legacy Coherent Inc Full Q4 FY22
Legacy Coherent FY22 Revenue
$450M $550M
$145M $155M
$282M
~30%
38-42%
19-21%
19-22%
Fully diluted 179 million
27M shares
$392M
$374M
$1,520M
Copyright 2023, Coherent. All rights reserved.
Includes SOFR reaching 5.1%
Assumes 1.75% margin on TLA
Full year estimated rate
Dilutive around $200M net income pre dividend
For inorganic year-over-year growth
For inorganic sequential growth
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