Coherent Corp. (NYSE:COHR) Q1 2023 Results Conference Call November 9, 2022 9:00 AM ET
Company Participants
Mary Jane Raymond - Chief Financial Officer
Dr. Chuck Mattera - Chairman and Chief Executive Officer
Dr. Giovanni Barbarossa - Chief Strategy Officer & President, Materials Segment
Dr. Mark Sobey - President, Lasers Segment
Conference Call Participants
Ananda Baruah - Loop Capital
Paul Silverstein - Cowen
Dave Kang - B. Riley
Mark Miller - Benchmark
Simon Leopold - Raymond James
James Ricchiuti - Needham
Samik Chatterjee - JPMorgan
Vivek Arya - Bank of America
Sidney Ho - Deutsche Bank
Richard Shannon - Craig-Hallum
Tim Savageaux - Northland Capital Markets
Meta Marshall - Morgan Stanley
Tom O'Malley - Barclays
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Coherent Corp. FY '23 First Quarter Earnings Call. [Operator Instructions]
I would now like to turn the call over to your host, Mary Jane Raymond, Chief Financial Officer. You may begin.
Mary Jane Raymond
Thank you, Kevin, and good morning. I'm Mary Jane Raymond, the Chief Financial Officer here at Coherent Corp. Welcome to our earnings call today for the first quarter of fiscal year 2023. This is our first earnings call as Coherent Corp., and the call is being recorded on Wednesday, November 9, 2022.
With me today on the call is Dr. Chuck Mattera, our Chair and Chief Executive Officer. After our prepared remarks, both Dr. Mark Sobey, President of the Laser segment; and Dr. Giovanni Barbarossa, our Chief Strategy Officer and the President of the Materials segment, will join us during the Q&A to better explain the unique benefits of our strategy, the results we are reporting today as well as the exciting prospects we have to expand our footprint in our broad markets as we go forward.
For today's call, the press release and investor presentation are available in the Investor Relations section of our website, coherent.com. Our fiscal year '22 ESG report for legacy II-VI is also on the website. It highlights key points of our Board and employee diversity, namely the 46% of our Board are women and are persons of color and that 49% of our workforce are women as well as our investments to support STEM and educational advancement. The report also details our products that are critical to improvements in global energy efficiency and the increasing sustainability of our locations that produce them.
In fiscal year '22, 29% of our legacy II-VI energy consumption came from renewable resources. 100% of our European legacy sites are on renewable energy sources, and we exited this year purchasing approximately 38% of our electricity from renewable sources in our legacy facilities. I think you'll like this report when you get a moment to read it.