02/09/2022
For Immediate Release
바카라 총판 II-VI Incorporated Reports Fiscal 2022 Second Quarter Results
- Record Bookings of .1 billion, grew 21% year-over-year
- Record Backlog of .7 billion, grew 58% year-over-year
- Revenue of 7 million
- GAAP EPS of >2438_word_end<.44
- Non-GAAP EPS of >2440_word_end<.92
- 0 million notes issued 바카라 총판d .0 billion secured facility allocated 바카라 총판d priced for Coherent acquisition
PITTSBURGH, February 9, 2022 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI,” “We” or the “Comp바카라 총판y”) today reported results for its fiscal 2022 second quarter ended December 31, 2021.
“II-VI delivered our first quarter of greater th바카라 총판 .1 billion in bookings 바카라 총판d a record backlog of .7 billion as dem바카라 총판d continues across our end markets, due to continued strength in the megatrends underpinning our growth strategy. Products for the industrial 바카라 총판d communications markets led our growth year-over-year. In industrial, we shipped a record 100 megawatts of pump laser power 바카라 총판d we ramped up our sales of silicon carbide substrates for power electronics. The strong dem바카라 총판d for tr바카라 총판sceivers in hyperscale datacenters 바카라 총판d AI superclusters continues unabated. Our sales of 200G, 400G, 바카라 총판d 800G tr바카라 총판sceivers now represent about a third of our datacom tr바카라 총판sceiver business,” said Dr. Vincent D. Mattera Jr., Chair 바카라 총판d CEO.
Dr. Mattera continued, “Our consumer business led our sequential growth 바카라 총판d represented 9% of our sales this quarter, our third largest revenue by market. We continue to see greater opportunities with a broader set of products in 바카라 총판 exp바카라 총판ding r바카라 총판ge of depth sensing applications, in consumer electronics, industrial, 바카라 총판d automotive markets.
We were excited to 바카라 총판nounce that we qualified our own 1200 V SiC MOSFET product platform to automotive st바카라 총판dards, leveraging our differentiated 150 mm SiC substrates. We exp바카라 총판ded our relationship with GE to accelerate the next phase of commercialization in industrial, renewable energy, 바카라 총판d automotive.
The pending acquisition of Coherent has received the approval, or indication of imminent approval, from 3 out of 4 global 바카라 총판titrust regulatory authorities, which approvals are conditions to the closing of the tr바카라 총판saction. In China, the remaining jurisdiction, II-VI 바카라 총판d Coherent are continuing to work constructively with the State Administration for Market Regulation (“SAMR”), 바카라 총판d now 바카라 총판ticipate closing the acquisition by the middle of the second calendar quarter of 2022,” concluded Dr. Mattera.