<SEC-DOCUMENT>0001193125-24-189707.txt : 20250122
<SEC-HEADER>0001193125-24-189707.hdr.sgml : 20250122
<ACCEPTANCE-DATETIME>20240731120425
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-24-189707
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COHERENT CORP.
		CENTRAL INDEX KEY:			0000820318
		STANDARD INDUSTRIAL CLASSIFICATION:	OPTICAL INSTRUMENTS & LENSES [3827]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				251214948
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		375 SAXONBURG BLVD
		CITY:			SAXONBURG
		STATE:			PA
		ZIP:			16056
		BUSINESS PHONE:		724-352-4455

	MAIL ADDRESS:	
		STREET 1:		375 SAXONBURG BLVD
		CITY:			SAXONBURG
		STATE:			PA
		ZIP:			16056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	II-VI INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>CORRESP
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Via EDGAR </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Nudrat Salik and Mr.&nbsp;Terence O&#146;Brien </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation
Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Industrial Applications and Services </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Re: COHERENT CORP. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the Period Ended December&nbsp;31, 2023 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">8-K</FONT> Filed May&nbsp;6, 2024 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;001-39375</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dear Ms.&nbsp;Salik and Mr.&nbsp;O&#146;Brien: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We are providing this letter in response to the comments of the staff (the &#147;Staff&#148;) of the Securities and Exchange Commission (the
&#147;Commission&#148;) contained in your letter dated July&nbsp;3, 2024 regarding the above referenced filing made by Coherent Corp. (the &#147;Company&#148;). Set forth below are the Staff&#146;s comments and our responses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Form <FONT STYLE="white-space:nowrap">8-K</FONT> Filed May&nbsp;6, 2024 </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Exhibit 99.2, page 41 </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;1: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We note
your response to comment 2. Multiple components of the integration, site consolidation, and other adjustment made to arrive at your <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures appear to represent normal, recurring operating expenses
necessary to operate your business as addressed in Question 100.01 of the Compliance and Disclosure Interpretations for <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measures. Specifically we note that inventory write-offs, overlapping
labor and travel, as well as employee retention costs all appear to be normal, recurring operating expenses which should not be adjusted for pursuant to this guidance. In this regard, please remove these components from your adjustment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company
acknowledges the Staff&#146;s comment and respectfully submits that the <FONT STYLE="white-space:nowrap">non-GAAP</FONT> adjustments related to components of Integration, site consolidation and other costs do not constitute &#147;normal, recurring,
operating expenses necessary to operate a company&#146;s business&#148; within the meaning of Question 100.01 of the Division&#146;s Compliance&nbsp;&amp; Disclosure Interpretations on <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial
Measures. Kindly refer to the additional explanations provided below for each item for your consideration: </P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Inventory write-offs</I>: Inventory write-offs included in Integration, site consolidation
and other costs are distinguishable from inventory adjustments that the Company incurs on a normal, recurring basis, such as adjustments related to excess inventory due to unforecasted customer demand decreases, net realizable value write-downs,
components obsoleted by product revisions/engineering changes, aged production orders not expected to be processed further, damaged finished goods, etc. All of these types of inventory adjustments are a normal and necessary part of the
Company&#146;s business and are not added back to arrive at <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">By
contrast, the amounts of inventory written off being treated as <FONT STYLE="white-space:nowrap">non-GAAP</FONT> adjustments consist of inventory write-offs related to either product lines exited as a result of a settlement agreement with a major
customer or to the closure of manufacturing sites identified in our 2023 Restructuring Plan or our Synergy and Site Consolidation Plan initiated in conjunction with the acquisition of Coherent, Inc. Absent the decisions to exit the product lines or
close manufacturing sites, as disclosed to investors within our Form <FONT STYLE="white-space:nowrap">8-K</FONT> filings on May&nbsp;10, 2023, May&nbsp;30, 2023, August&nbsp;16, 2023, November&nbsp;6, 2023, February&nbsp;5, 2024, and May&nbsp;6,
2024 as well as our Form <FONT STYLE="white-space:nowrap">10-K</FONT> filed on August&nbsp;18, 2023 and our Form <FONT STYLE="white-space:nowrap">10-Qs</FONT> filed on November&nbsp;7, 2023, February&nbsp;6, 2024, and May&nbsp;7, 2024, these charges
would not have occurred. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For these reasons, the Company believes it is appropriate and not misleading to treat these inventory write-offs
as <FONT STYLE="white-space:nowrap">non-GAAP</FONT> adjustments, as these inventory write-offs each individually represent <FONT STYLE="white-space:nowrap">one-time</FONT> adjustments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Overlapping labor and travel expenses:</I> As a result of the shutdown of the Santa Clara, CA site acquired with the Coherent, Inc.
acquisition, duplication of labor occurs as employees of the Santa Clara, CA site are training personnel at receiving sites for the transition of production lines and research and development (R&amp;D) activities to other manufacturing sites within
the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Consequently, the incremental time and travel costs Santa Clara, CA employees incur to set up the relocated product lines
and R&amp;D activities results in incremental <FONT STYLE="white-space:nowrap">one-time</FONT> costs that are not reflective of our recurring business expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Absent the decision to exit the Santa Clara, CA site as part of our Synergy and Site Consolidation Plan announced to investors within our Form
<FONT STYLE="white-space:nowrap">8-K</FONT> filings on May&nbsp;10, 2023, May&nbsp;30, 2023, August&nbsp;16, 2023, November&nbsp;6, 2023, February&nbsp;5, 2024, and May&nbsp;6, 2024 as well as our Form <FONT STYLE="white-space:nowrap">10-K</FONT>
filed on August&nbsp;18, 2023 and our Form <FONT STYLE="white-space:nowrap">10-Qs</FONT> filed on November&nbsp;7, 2023, February&nbsp;6, 2024, and May 7, 2024, these training and transitioning costs would not have occurred. By adjusting for these
atypical costs, the Company aims to provide investors with a clear understanding of the ongoing revenue-generating operations and their associated expenses, allowing investors to assess the Company&#146;s core business fundamentals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Employee retention costs:</I> These <FONT STYLE="white-space:nowrap">one-time</FONT> retention costs are also related to the shutdown of
the Santa Clara, CA site acquired with the Coherent, Inc. acquisition, which were paid to critical staff to prevent premature departures that could have disrupted operations and delayed the Santa Clara, CA site closure process. These payments are in
addition to their &#147;normal&#148; salaries, and are only being paid as a result of the decision to cease manufacturing at the Santa Clara, CA site, as part of our Synergy and Site Consolidation Plan announced to investors within our Form <FONT
STYLE="white-space:nowrap">8-K</FONT> filings on </P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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May&nbsp;10, 2023, May&nbsp;30, 2023, August&nbsp;16, 2023, November&nbsp;6, 2023, February&nbsp;5, 2024, and May&nbsp;6, 2024 as well as our Form <FONT STYLE="white-space:nowrap">10-K</FONT>
filed on August&nbsp;18, 2023 and our Form <FONT STYLE="white-space:nowrap">10-Qs</FONT> filed on November&nbsp;7, 2023, February&nbsp;6, 2024, and May&nbsp;7, 2024, to encourage the critical employees to remain for a period of time to facilitate
the closure of the site and integration of the acquisition of Coherent, Inc. These employee retention costs do not represent normal, recurring expenses necessary to operate our business, and therefore, the adjustments are appropriate in providing a
normalized, more accurate and comparable view of our business performance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company believes excluding inventory write-offs,
overlapping labor and travel, as well as employee retention costs, as further described above, from our <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures enables an investor to evaluate the core performance of the Company&#146;s
operating business without the impact of these incremental <FONT STYLE="white-space:nowrap">one-time</FONT> costs associated with the shutdown of recently acquired sites or the decision to exit product lines as a result of a nonrecurring customer
settlement agreement. The Company also believes that these <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures provide an additional tool for investors to use in analyzing the Company&#146;s financial performance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;2: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In regard
to the costs characterized as manufacturing inefficiencies related to sites being shut down as part of the 2023 Restructuring Plan or Synergy and Site Consolidation Plan, please tell us how the amounts were calculated and explain how you determined
that these are costs to exit businesses or sites. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE:<B> </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company respectfully acknowledges the Staff&#146;s comment and advises the Staff that the costs characterized as manufacturing
inefficiencies are costs associated with underutilized manufacturing capacity at facilities planned to be shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan as announced to investors within our Form <FONT
STYLE="white-space:nowrap">8-K</FONT> filings on May&nbsp;10, 2023, May&nbsp;30, 2023, August&nbsp;16, 2023, November&nbsp;6, 2023, February&nbsp;5, 2024, and May&nbsp;6, 2024 as well as our Form <FONT STYLE="white-space:nowrap">10-K</FONT> filed on
August&nbsp;18, 2023 and our Form <FONT STYLE="white-space:nowrap">10-Qs</FONT> filed on November&nbsp;7, 2023, February&nbsp;6, 2024, and May&nbsp;7, 2024. Closure of these facilities is expected to be completed by the end of fiscal year 2025 as
manufacturing of final orders and last time buys winds down. During this time, production levels are lower than normal capacity; therefore, costs associated with this excess capacity were expensed in the applicable period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">These excess capacity costs are a direct result of the Company&#146;s decision to exit businesses and sites and are not normal operating
expenses of the Company. During the shutdown period, the sites incur abnormally low production volumes generating sequentially lower revenues to closure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company believes that making these adjustments for manufacturing inefficiencies to arrive at our
<FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures provides investors with information about our ongoing operations that are revenue generating so that they can assess the fundamentals of our core business. In future filings, the Company will
clarify the nature of such adjustments, so that it is clear to investors and prospective investors that such <FONT STYLE="white-space:nowrap">non-GAAP</FONT> adjustments are appropriate. </P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;3: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In regard to the adjustment for accelerated depreciation, we note that this is incremental depreciation related to the eventual retirement of
assets no longer to be used. As it appears that these assets were still in use at your manufacturing facilities, please remove the adjustment for accelerated depreciation in your determination of <FONT STYLE="white-space:nowrap">non-GAAP</FONT>
measures. Refer to Question 100.04 of the Compliance and Disclosure Interpretations for <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Measures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We respectfully
acknowledge the Staff&#146;s comment and hereby confirm that we will no longer include an adjustment for accelerated depreciation in our <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures in future filings and disclosures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;4: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Portions of
your shareholder&#146;s letter appear to give more prominence to <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures than the most directly comparable GAAP measures. For example, we note under the third quarter fiscal heading in Part II that
you appear to emphasize <FONT STYLE="white-space:nowrap">non-GAAP</FONT> amounts. Please revise your disclosures throughout to present the most directly comparable GAAP measures with equal or greater prominence. Refer to Item 10(e)(1)(i)(A) of
Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> and Question 102.10(a) of the Compliance and Disclosure Interpretations for <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company
acknowledges the Staff&#146;s comment, and respectfully advises the Staff that when presenting <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures in future earnings press releases, filings and disclosures, the Company will present
the most directly comparable GAAP measures with equal or greater prominence, consistent with Item 10(e)(1)(i)(A) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> and Question 102.10(a) of the Staff&#146;s Compliance and Disclosure
Interpretations for <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;5: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We note that you also adjust for <FONT STYLE="white-space:nowrap">start-up</FONT> costs in your determination of
<FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures. Please help us better understand the nature of the amounts and your consideration of the guidance in Question 100.01 the Compliance and Disclosure Interpretations for <FONT
STYLE="white-space:nowrap">Non-</FONT> GAAP Financial Measures in determining that it was appropriate to adjust for these amounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In response to the
Staff&#146;s comment, we have reassessed the nature of these <FONT STYLE="white-space:nowrap">start-up</FONT> costs, which included labor and supplies spending, for this particular project and the Company has concluded that we will no longer include
adjustments for this project as <FONT STYLE="white-space:nowrap">&#147;start-up</FONT> costs&#148; in presentations of our <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures in materials furnished to or filed with the Commission, beginning
with the quarter ending June&nbsp;30, 2024. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
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<Center><DIV STYLE="width:8.5in" align="left">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g867210g0730052002421.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">COMMENT No.&nbsp;6: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We note the adjustments for amortization of acquired intangibles and fair value of acquired inventory made in your determination of <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> measures. Please help us better understand the nature of these amounts, including if there are multiple components included in these adjustments, and why they are excluded from your <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> measures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">RESPONSE: We acknowledge the Staff&#146;s comment and respectfully submit the
reasons set forth below for our adjustment of amortization of acquired intangibles and fair value of acquired inventory: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Amortization
of acquired intangibles: </I>The components of amortization of acquired intangible assets consists of amortization expense related to acquired trade names, customer relationships, acquired developed technology and backlog. Acquired intangible assets
such as trade names, customer relationships, acquired developed technology and backlog, relate to the Company&#146;s acquisition activities and are amortized over their useful lives; however, this <FONT STYLE="white-space:nowrap">non-cash</FONT>
amortization does not directly relate to the core performance of the Company&#146;s business operations as it does not directly relate to the services performed and products manufactured for the Company&#146;s customers. The Company excludes the
entire amount of intangible asset amortization expense from acquisitions calculated in accordance with GAAP in our <FONT STYLE="white-space:nowrap">non-GAAP</FONT> calculations, and does not substitute an alternative recognition or measurement
method of determining the amortization of intangible assets. The nature and amount of intangible asset amortization expense can fluctuate significantly based on the magnitude and timing of our acquisition activity, and we believe it is informative
for investors to have available to them the same information Management uses to understand our results exclusive of amortization expense as a supplement to our GAAP results. Additionally, we believe that by excluding purchased intangibles from our <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> measures, we enhance comparability by allowing investors to view our operations before and after an acquisition, and to more easily compare us to our competitors given the diversity in growth strategies and
timing of our acquisitions. Furthermore, the useful life that we expense our intangible assets over may be substantially different from the time period that an internal growth company incurs and recognizes such expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Fair value of acquired inventory: </I>The components of amortization of the fair value of acquired inventory relate to fair value
adjustments at the time of acquisition for acquired work in process inventory and finished goods inventory. The purchase price adjustment for acquired inventory is the result of the Company&#146;s acquisition activities, which required remeasuring
all of the acquired assets and liabilities at fair value, including inventory, per ASC 805 <I>Business Combinations</I>.<I> </I>The difference between the historical (actual) cost and the fair value of inventory as of the date of acquisition was
allocated to each inventory batch. This <FONT STYLE="white-space:nowrap">non-cash</FONT> fair value adjustment was then expensed through cost of sales, within six months from the date of acquisition, consistent with the inventory turnover. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Company believes that these additional expenses are not reflective of the Company&#146;s underlying operations and thus, this adjustment
is intended to eliminate the impact of a <FONT STYLE="white-space:nowrap">one-time</FONT> <FONT STYLE="white-space:nowrap">non-cash</FONT> transaction-related item to reflect our GAAP measures as if such acquired inventory had been produced by the
Company and sold in the ordinary course of business. </P>
</DIV></Center>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g867210g0730052002421.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Coherent Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">375 Saxonburg Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Saxonburg, PA
16056-9499</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">USA</P></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Thank you for your consideration. If you require any additional information on these issues,
or if I can provide you with any other information that will facilitate your review of the above reference, please contact me at Rich.Martucci@coherent.com or Ilaria Mocciaro at Ilaria.Mocciaro@coherent.com at your earliest convenience. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">COHERENT CORP.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Richard Martucci</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Richard Martucci</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Interim Chief Financial Officer and Treasurer</TD></TR>
</TABLE>
</DIV></Center>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
