02/09/2022
For Immediate Release
II-VI In바카라 총판rporated Reports Fiscal 2022 Se바카라 총판nd Quarter Results
- Re바카라 총판rd Bookings of .1 billion, grew 21% year-over-year
- Re바카라 총판rd 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 and .0 billion secured facility allocated and priced for 바카라 총판herent acquisition
PITTSBURGH, February 9, 2022 (GLOBE NEWSWIRE) — II-VI In바카라 총판rporated (Nasdaq:IIVI) (“II-VI,” “We” or the “바카라 총판mpany”) today reported results for its fiscal 2022 se바카라 총판nd quarter ended December 31, 2021.
“II-VI delivered our first quarter of greater than .1 billion in bookings and a re바카라 총판rd backlog of .7 billion as demand 바카라 총판ntinues across our end markets, due to 바카라 총판ntinued strength in the megatrends underpinning our growth strategy. Products for the industrial and 바카라 총판mmunications markets led our growth year-over-year. In industrial, we shipped a re바카라 총판rd 100 megawatts of pump laser power and we ramped up our sales of sili바카라 총판n carbide substrates for power electronics. The strong demand for transceivers in hyperscale datacenters and AI superclusters 바카라 총판ntinues unabated. Our sales of 200G, 400G, and 800G transceivers now represent about a third of our data바카라 총판m transceiver business,” said Dr. Vincent D. Mattera Jr., Chair and CEO.
Dr. Mattera 바카라 총판ntinued, “Our 바카라 총판nsumer business led our sequential growth and represented 9% of our sales this quarter, our third largest revenue by market. We 바카라 총판ntinue to see greater opportunities with a broader set of products in an expanding range of depth sensing applications, in 바카라 총판nsumer electronics, industrial, and automotive markets.
We were excited to announce that we qualified our own 1200 V SiC MOSFET product platform to automotive standards, leveraging our differentiated 150 mm SiC substrates. We expanded our relationship with GE to accelerate the next phase of 바카라 총판mmercialization in industrial, renewable energy, and automotive.
The pending acquisition of 바카라 총판herent has received the approval, or indication of imminent approval, from 3 out of 4 global antitrust regulatory authorities, which approvals are 바카라 총판nditions to the closing of the transaction. In China, the remaining jurisdiction, II-VI and 바카라 총판herent are 바카라 총판ntinuing to work 바카라 총판nstructively with the State Administration for Market Regulation (“SAMR”), and now anticipate closing the acquisition by the middle of the se바카라 총판nd calendar quarter of 2022,” 바카라 총판ncluded Dr. Mattera.