Coherent Inc. reported unaudited earnings results for the First quarter ended December 31, 2011. For the quarter, net sales was $190.77 million against $183.11 million a year ago. Income from operations was $25.31 million against $25.69 million a year ago. Income before income taxes was $25.83 million against $27.45 million a year ago. Net income was $17.05 million or $0.71 diluted per share against $19.11 million or $0.76 diluted per share a year ago. Non-GAAP net income was $19.75 million or $0.82 diluted per share against $21.36 million or $0.85 diluted per share a year ago. Cash flow from operations was $16.1 million and capital spending was $8.1 million or 4.3% of sales. The company expected the second quarter of 2012 revenue to be in the range of $191 to $198 million. The company continues to project 2012 capital spending to be approximately 4.5% of sales.