FY24 FULL YEAR OUTLOOK
NET EARNINGS, GAAP, AND ADJUSTED EBITDA RECONCILIATION
$ Millions (Unaudited)
Dec 31, 2023
Sep 30, 2023
Jun 30, 2023
Mar 31, 2023
Dec 31, 2022
Net earnings (loss) on GAAP basis
(29)
(68)
(178)
3
(45)
Income taxes (benefit)
(9)
(21)
(55)
(7)
(21)
Depreciation and amortization
138
138
204
161
170
Interest expense
75
73
79
75
71
Interest income
EBITDA
EBITDA margin
(7)
(4)
(4)
(2)
(2)
168
120
45
229
14.9 %
11.4 %
3.7 %
18.5 %
172
12.6 %
Prelim. fair value adj. on acquired inv.
Stock based compensation
Foreign currency exch. (gains) losses
Start-up costs
1
Restructuring charges
(2)
119
Integration, site consolidation and other
42
33
61
Adjusted EBITDA
243
200
257
Less: adjusted EBITDA attributable to
noncontrolling interests
112
35
35
17
344
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NII
1 4 0 3
27
45
26
(1)
1 6
22
287
Adjusted EBITDA attributable to Coherent Corp.
243
Adjusted EBITDA margin attributable to Coherent
Corp.
21.5 %
19.0%
21.4%
23.1 %
25.1%
COHERENT
34
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