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10-K: FY2024 Annual Report

10-K: FY2024 Annual Report

10-K:2024财年年报
美股SEC公告 ·  2024/08/16 21:23

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Coherent Corp. reported fiscal year 2024 revenues of $4.71 billion, down 9% from $5.16 billion in FY2023, with a net loss of $159 million. The decline was primarily driven by a 43% drop in electronics market revenue and decreased volumes across all segments, particularly in consumer electronics due to a major customer design change. Gross margin was 30.9%, slightly down from 31.4% last year.The company made significant progress on strategic initiatives, including receiving a $1 billion investment from Denso and MELCO for a 25% stake in its Silicon Carbide business. The restructuring plan announced in May 2023 resulted in $27 million charges in FY2024, primarily from accelerated depreciation and site consolidation costs, as the company aims to streamline operations by fiscal 2025.Looking at segment performance, Networking revenue decreased 2% to $2.30 billion due to lower telecom demand, while Materials revenue fell 25% to $1.02 billion from reduced consumer electronics volumes. Lasers revenue declined 5% to $1.40 billion, impacted by lower demand in life sciences and precision manufacturing. The company ended the year with $926 million in cash and $4.1 billion in total debt.
Coherent Corp. reported fiscal year 2024 revenues of $4.71 billion, down 9% from $5.16 billion in FY2023, with a net loss of $159 million. The decline was primarily driven by a 43% drop in electronics market revenue and decreased volumes across all segments, particularly in consumer electronics due to a major customer design change. Gross margin was 30.9%, slightly down from 31.4% last year.The company made significant progress on strategic initiatives, including receiving a $1 billion investment from Denso and MELCO for a 25% stake in its Silicon Carbide business. The restructuring plan announced in May 2023 resulted in $27 million charges in FY2024, primarily from accelerated depreciation and site consolidation costs, as the company aims to streamline operations by fiscal 2025.Looking at segment performance, Networking revenue decreased 2% to $2.30 billion due to lower telecom demand, while Materials revenue fell 25% to $1.02 billion from reduced consumer electronics volumes. Lasers revenue declined 5% to $1.40 billion, impacted by lower demand in life sciences and precision manufacturing. The company ended the year with $926 million in cash and $4.1 billion in total debt.
科赫公司报告2024财年营业收入为47.1亿美金,比2023财年的51.6亿美金下降了9%,净亏损为15900万美金。收入下降主要是由于电子市场营业收入下降了43%,以及所有板块的销量减少,尤其是在消费电子领域,由于主要客户设计变更导致。毛利率为30.9%,比去年的31.4%略有下降。公司在战略举措上取得了重大进展,包括获得了来自电装和MELCO的10亿美元投资,以获得其碳化硅业务的25%股权。2023年5月宣布的重组计划在2024财年造成了2700万美金的费用,主要源于加速折旧和场地整合成本,因为公司计划在2025财年之前精简运营。在细分市场表现方面,网络业务营业收入下降2%,至23亿美金,原因是电信需求降低,而材料业务营业收入因消费电子销量减少下降25%,降至10.2亿美金。激光业务营业收入下降5%,至14亿美金,受到生命科学和精密制造需求减少的影响。公司年末现金为92600万美金,总债务为41亿美金。
科赫公司报告2024财年营业收入为47.1亿美金,比2023财年的51.6亿美金下降了9%,净亏损为15900万美金。收入下降主要是由于电子市场营业收入下降了43%,以及所有板块的销量减少,尤其是在消费电子领域,由于主要客户设计变更导致。毛利率为30.9%,比去年的31.4%略有下降。公司在战略举措上取得了重大进展,包括获得了来自电装和MELCO的10亿美元投资,以获得其碳化硅业务的25%股权。2023年5月宣布的重组计划在2024财年造成了2700万美金的费用,主要源于加速折旧和场地整合成本,因为公司计划在2025财年之前精简运营。在细分市场表现方面,网络业务营业收入下降2%,至23亿美金,原因是电信需求降低,而材料业务营业收入因消费电子销量减少下降25%,降至10.2亿美金。激光业务营业收入下降5%,至14亿美金,受到生命科学和精密制造需求减少的影响。公司年末现金为92600万美金,总债务为41亿美金。
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