II-VI changed the name of Coherent Corp. and the ticker symbol to COHR following the successful completion of II-VI's acquisition of Coherent on July 1, 2022. The company also updated its corporate identity and branding with a new corporate logo. The company's stock also begins trading on the Nasdaq under the new ticker starting today.

II-VI completed its merger with Coherent. Coherent shareholders received $220 and 0.91 shares of II-VI common stock for each share of their company. The combined company will be known as Coherent and will trade under the ticker symbol COHR on the Nasdaq Stock Exchange. A start date for Coherent's stock on the stock market will be announced at a later date.

GAAP net income II-VI for 9 months of fiscal 2022 was $191.123 million, down 11.2% from $215.258 million in the prior year. Revenue increased 5.7% to $2.43 billion from $2.298 billion a year earlier.

II-VI's GAAP net income for 6 months of fiscal year 2022 was $142.121 million, up 5.9% from $134.166 million in the prior year. Revenue increased 5.7% to $1.602 billion from $1.515 billion a year earlier.