Earnings Labs

Coherent, Inc. (COHR)

Q4 2009 Earnings Call· Thu, Nov 5, 2009

$302.25

-0.85%

Key Takeaways · AI generated
AI summary not yet generated for this transcript. Generation in progress for older transcripts; check back soon, or browse the full transcript below.

Same-Day

-0.21%

1 Week

+0.85%

1 Month

+5.13%

vs S&P

+2.55%

Transcript

Transcript

Operator

Executives John Ambroseo - President and CEOHelene Simonet - EVP and CFOAnalysts Larry Solow - CJS SecuritiesMark Douglas - Longbow ResearchAjit Pai - Thomas Weisel PartnersJiwon Lee - Sidoti & Co.Operator Welcome to the Coherent Q4 2009 Earnings Conference Call hosted by Coherent Incorporated. At this time all participants are in a listen-only mode. At the conclusion of our prepared remarks we will conduct a question-and-answer session. (Operator Instructions) As a reminder this call is being recorded.I would now like to introduce Ms. Helene Simonet, Executive Vice President and Chief Financial Officer. You may begin your conference.Helene Simonet Thank you. Good afternoon and welcome to our Coherent’s fourth quarter conference call. On today’s call I will provide financial information and John Ambroseo, our President and CEO will provide a business overview. As a reminder any guidance and any statements in today’s conference call pertaining to future guidance, plans, events, or performance are forward-looking statements that involve risks and uncertainties and actual results may differ significantly. We encourage you to refer to the risk disclosure described in the company’s on Form 10-K, 10-Q and 8-K as applicable and as filed from time-to-time by the company.The full text of today’s prepared remarks, which will include references to historical bookings and sales by markets will be posted on the Coherent Investor Relation’s website. A replay of the webcast will be made available for approximately 90 days following the call.Let me first summarize the key highlights of the quarter. Orders grew 50.5% sequentially to $133.4 million resulting in a book-to-bill ratio of 1.24. Revenues of $107.6 million grew 9.3% sequentially and exceeded our expectations and our guidance.During the quarter, we generated $20.5 million cash flow from operations resulting in ending cash balance of $243.6 million representing an increase of $21.7 million compared to last…