Earnings (Loss) Per Share (Tables)

6 Months Ended

Dec. 31, 2024

Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations (000, except per share data):


	Three Months Ended December 31,				Six Months Ended December 31,
	2024		2023		2024		2023
Numerator
Net earnings (loss) attributable to Coherent Corp.	$	103,385	$	(26,991)	$	129,272	$	(94,525)

Deduct Series B dividends and deemed dividends	(32,262)		(30,580)		(64,095)		(60,753)
Basic earnings (loss) available to common shareholders	$	71,123	$	(57,571)	$	65,177	$	(155,278)




Diluted earnings (loss) available to common shareholders	$	71,123	$	(57,571)	$	65,177	$	(155,278)

Denominator
Weighted average shares	154,767		151,564		154,197		150,946
Effect of dilutive securities:
Common stock equivalents	5,222		—		5,078		—



Diluted weighted average common shares	159,989		151,564		159,275		150,946

Basic earnings (loss) per common share	$	0.46	$	(0.38)	$	0.42	$	(1.03)

Diluted earnings (loss) per common share	$	0.44	$	(0.38)	$	0.41	$	(1.03)

Schedule of Potential Shares Excluded from Calculation of Diluted Net Loss Per Share

The following table presents potential shares of common stock excluded from the calculation of diluted net earnings (loss) per share, as their effect would have been anti-dilutive (000):


	Three Months Ended December 31,		Six Months Ended December 31,
	2024	2023	2024	2023
Common stock equivalents	—	1,956	5	2,146


Series B Convertible Preferred Stock	28,920	27,516	28,741	27,346
Total anti-dilutive shares	28,920	29,472	28,746	29,492