Latest news with #JimAnderson
Yahoo
6 days ago
- Business
- Yahoo
Coherent Details Growth Strategy and Long-Term Financial Model at 2025 Analyst and Investor Day
SAXONBURG, Pa., May 28, 2025 (GLOBE NEWSWIRE) -- Global photonics leader Coherent Corp. (NYSE: COHR) ('Coherent,' 'We,' or the 'Company') today detailed its long-term growth strategy, key areas of product and technology investment, and target long-term financial model at its 2025 Analyst and Investor Day at the New York Stock Exchange. Investors can access a webcast replay of the event and a copy of the presentation on the Company's Investor Relations website. Jim Anderson, CEO, said, 'Our team has made significant progress over the past fiscal year, with revenue expected to grow by over 22% and EPS expected to increase by 2.8X YoY in FY25. Although we're pleased with our progress, there is much more opportunity ahead of us as we focus on our long-term goals of driving double-digit revenue growth in our key markets, such as AI Datacenters, expanding our gross margin and EPS, and continuing to unlock additional value for shareholders.' Analyst and Investor Day Presentation Highlights Dr. Julie Sheridan Eng, Chief Technology Officer, highlighted Coherent's market opportunity in optical transceivers and components for AI Datacenters, the company's broad and deep optical technology and product portfolio, its market-leading roadmap for pluggable and CPO transceivers, the optical switching market opportunity, and our industry-leading DCI roadmap. Dr. Chris Dorman, Executive Vice President, Lasers, detailed Coherent's Industrial market opportunity and key growth drivers across a broad spectrum of market segments, including semi cap and display equipment, precision manufacturing, and instrumentation. Sherri Luther, CFO, outlined the Company's key financial priorities, focus on accelerating profitable revenue growth, investment strategy, and improved financial target model, and disclosed the organization's new segmentation to better align with its end markets and strategy. Forward-Looking Statements This press release contains forward-looking statements relating to future events and expectations, including, without limitation, our expectations regarding the opportunities ahead of us; our projected fiscal year ended June 30, 2025, financial results; our ability to achieve our long-term goals of driving double-digit revenue growth in our key markets; expanding our gross margin and EPS; and continuing to unlock additional value for shareholders, each of which is based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from its historical experience and our present expectations or projections. The Company believes that all forward-looking statements made by it in this press release have a reasonable basis, but there can be no assurance that management's expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this presentation include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the terms of the Company's indebtedness and ability to service such debt in connection with its acquisition of Coherent, Inc. (the 'Transaction'), (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) changes in demand in the Company's end markets along with the Company's ability to respond to such market changes; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company's ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (xi) the risks that the Company's stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other 'Risk Factors' identified from time to time in our filings with the Securities and Exchange Commission ('SEC'), including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at Contact: Paul Silverstein Senior VP, Investor in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Coherent Details Growth Strategy and Long-Term Financial Model at 2025 Analyst and Investor Day
SAXONBURG, Pa., May 28, 2025 (GLOBE NEWSWIRE) -- Global photonics leader Coherent Corp. (NYSE: COHR) ('Coherent,' 'We,' or the 'Company') today detailed its long-term growth strategy, key areas of product and technology investment, and target long-term financial model at its 2025 Analyst and Investor Day at the New York Stock Exchange. Investors can access a webcast replay of the event and a copy of the presentation on the Company's Investor Relations website. Jim Anderson, CEO, said, 'Our team has made significant progress over the past fiscal year, with revenue expected to grow by over 22% and EPS expected to increase by 2.8X YoY in FY25. Although we're pleased with our progress, there is much more opportunity ahead of us as we focus on our long-term goals of driving double-digit revenue growth in our key markets, such as AI Datacenters, expanding our gross margin and EPS, and continuing to unlock additional value for shareholders.' Analyst and Investor Day Presentation Highlights Dr. Julie Sheridan Eng, Chief Technology Officer, highlighted Coherent's market opportunity in optical transceivers and components for AI Datacenters, the company's broad and deep optical technology and product portfolio, its market-leading roadmap for pluggable and CPO transceivers, the optical switching market opportunity, and our industry-leading DCI roadmap. Dr. Chris Dorman, Executive Vice President, Lasers, detailed Coherent's Industrial market opportunity and key growth drivers across a broad spectrum of market segments, including semi cap and display equipment, precision manufacturing, and instrumentation. Sherri Luther, CFO, outlined the Company's key financial priorities, focus on accelerating profitable revenue growth, investment strategy, and improved financial target model, and disclosed the organization's new segmentation to better align with its end markets and strategy. Forward-Looking Statements This press release contains forward-looking statements relating to future events and expectations, including, without limitation, our expectations regarding the opportunities ahead of us; our projected fiscal year ended June 30, 2025, financial results; our ability to achieve our long-term goals of driving double-digit revenue growth in our key markets; expanding our gross margin and EPS; and continuing to unlock additional value for shareholders, each of which is based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from its historical experience and our present expectations or projections. The Company believes that all forward-looking statements made by it in this press release have a reasonable basis, but there can be no assurance that management's expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this presentation include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the terms of the Company's indebtedness and ability to service such debt in connection with its acquisition of Coherent, Inc. (the 'Transaction'), (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) changes in demand in the Company's end markets along with the Company's ability to respond to such market changes; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company's ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (xi) the risks that the Company's stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other 'Risk Factors' identified from time to time in our filings with the Securities and Exchange Commission ('SEC'), including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at Contact: Paul Silverstein Senior VP, Investor in to access your portfolio
News18
07-05-2025
- Business
- News18
Coherent CEO Jim Anderson Tops US Pay Charts With $101.5 Million Package
Last Updated: Coherent CEO Jim Anderson has earned a place on the list of the highest-paid CEOs in the United States. Jim Anderson, the relatively lesser-known CEO of Coherent, a manufacturer of laser and network equipment, has risen to the top of the US CEO compensation rankings with a $101.5 million 2024 package. According to a market research firm, Anderson, who assumed leadership of the Pennsylvania-based business in June 2024, defeated well-known names like Google CEO Satya Nadella ($79.1 million), Apple CEO Tim Cook ($74.6 million), Disney CEO Bob Iger ($40.6 million), Starbucks CEO Laxman Narasimhan ($95.8 million), and Nvidia CEO Jensen Huang ($34.17 million). Anderson was the only CEO among Equilar's top 100 earners to surpass the nine-figure barrier, with almost all of his earnings (more than $100 million) coming from stock awards, according to statistics from executive analytics firm Equilar (via Fortune). Due to his midyear start and a $500,000 signing bonus, his base salary for the year was a modest $81,538, which he earned. Even more astonishing is the fact that this massive remuneration was not motivated by opulent amenities and a high salary. In keeping with the growing trend of linking executive compensation to long-term shareholder value and business performance, Anderson was awarded stock for nearly all of his profits (99.4 per cent). Who Is Jim Anderson? Know More About Him Anderson's rise to fame is not a coincidence. In mid-2024, he left his role as CEO of Lattice Semiconductor, where his leadership had a big effect on the company's stock performance, and joined Coherent Corp. After he departed the company, Lattice's shares dropped 16 per cent, a sign of investor trepidation. But when Anderson's move to Coherent was revealed, the company's stock price jumped by a startling 23 per cent. According to this increase, Wall Street believes Anderson will have the same level of success at Coherent as he did at Lattice. Surprisingly, Sundar Pichai, the CEO of Google, is not listed among the top 100. Pichai's 2024 earnings were recently revealed by Alphabet, the parent company of Google, in its 2025 Proxy Statement. Compared to his $226 million profits in 2022, Pichai's total remuneration for 2024 is $10.72 million, a considerable decrease that is mostly because he did not receive the triennial stock award during the prior reporting period. Equilar's report, which examined proxy filings for businesses with $1 billion or more in revenue through March 31, also showed more general patterns: the median CEO salary increased to $25.6 million in 2024, a 9.5 per cent increase from the year before. The largest contributor is stock-based compensation, which increased by 40.5 per cent year over year and now makes up about 75 per cent of total CEO pay. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
Yahoo
07-05-2025
- Business
- Yahoo
Highest Paid CEO In America Bagged A Nine-Figure Package Beating Tim Cook, Satya Nadella And Bob Iger
Jim Anderson, the freshly appointed chief executive of laser‑equipment maker Coherent Corp. (NYSE:COHR), tops the 2024 leaderboard for CEO pay with a staggering $101.5 million package — the only nine‑figure haul in a new study that looked at CEO compensation structures across American companies with a revenue of $1 billion and more. What Happened: According to the Equilar 100 study, Anderson joined the Saxonburg, Pa., firm in June 2024 with a pro‑rated cash salary of just $81,538 and a $500,000 signing bonus, but Coherent's board sweetened the pot with more than $100 million in stock awards, according to its proxy filing. Don't Miss: He edges out Starbucks boss Brian Niccol, who collected $95.8 million, and eclipses marquee names such as Microsoft Corp's (NASDAQ:MSFT) Satya Nadella ($79.1 million), Apple's (NASDAQ:AAPL) Tim Cook ($74.6 million) and Disney's (NYSE:DIS) Bob Iger ($40.6 million). Equilar's snapshot, which reviews proxy statements filed through March 31, pegs median CEO compensation at $25.6 million, up 9.5% from a year earlier. Sky‑high equity grants are doing the heavy lifting: median stock awards jumped 40.5% and now account for nearly three‑quarters of total pay. What To Know: A rather recent report from Oxfam warns that global income inequality is widening. CEOs now earn 50% more in real terms than they did in 2019, while rank‑and‑file wages barely budged. In a joint study with the International Trade Union Confederation, the charity examined nearly 2,000 firms in 35 countries and found that average chief executive pay hit $4.3 million in 2024, up from $2.9 million five years ago after inflation. Workers, by contrast, saw their paychecks edge up just 0.9% over the same span. The researchers pulled full compensation packages — including bonuses and stock options — from the S&P Capital IQ database and called for sweeping reforms to what they deem a system "rigged for the ultra‑rich." Separate data only highlight the gap: only 19 U.S. households — among them Elon Musk, Warren Buffett and Jeff Bezos — added a collective $1 trillion to their net worth last year. Image via Shutterstock Read Next:
Time of India
05-05-2025
- Business
- Time of India
Meet the CEO you've never heard of who just out-earned tech titans and coffee kings with a whopping $101 million salary
Who is Jim Anderson? How Did He Earn So Much? Live Events A Standout in CEO Pay FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel When you hear about sky-high CEO pay, names such as Apple CEO Tim Cook, CEO of Microsoft Satya Nadella, or even Starbucks CEO Brian Niccol may spring to mind. But, the highest-paid CEO in the United States this year is someone most people have mostly never heard of: Jim Anderson, the CEO of a Pennsylvania-based laser and networking firm named Coherent, as per to early 2024 figures gathered by executive intelligence company Equilar, Anderson tops the list of America's 100 best-paid CEOs with total compensation at $101,497,009, reported Fortune. That's higher than Apple's Tim Cook at $74.6 million, Microsoft's Satya Nadella at $79.1 million, Disney's Bob Iger at $40.6 million, and even Starbucks' Brian Niccol at $95.8 million, as per 52-year-old, became CEO of Coherent in June of 2024, taking the role from retired CEO Chuck Mattera, as per Fortune. He was previously CEO of Lattice Semiconductor and also served in senior leadership positions at AMD, heading up computing and graphics, according to the READ: Warren Buffett gave priceless lessons to young investors, and they had nothing to do with where to invest their money; here's what he said and why everyone is talking about it Although his base pay is $1.06 million, he received just $81,538 in cash because he joined the company in the middle of the year, as per Fortune. He was also given a signing bonus of $500,000 and was awarded more than $100,000,000 in stock awards, as per Coherent's 2024 proxy statement, reported Equilar found that CEO's compensations have increased in recent years due to big stock payouts, it also found that stock awards made up just under three-quarters of the total median pay for the CEOs studied, reported is the only CEO this year to exceed the $100 million threshold, according to proxy filings tallied through March 31. The median compensation of CEOs in 2024 was $25.6 million, up 9.5% from last year, as per currently the highest-paid CEO in the US for 2024, with a total compensation package of over $101 million,as per actually made more than both of them this year. Cook earned $74.6 million and Nadella earned $79.1 million.
