05/10/2022
For Immediate Release
바카라 드래곤 II-VI Incorporated Reports Fiscal 2022 Third Quarter Results
- Record Revenue of 8 million
- Record Bookings of .2 billion, grew 48% year-over-year
- Record Backlog of .1 billion, grew 88% year-over-year
- GAAP EPS of >2438_word_end<.28
- Non-GAAP EPS of >2440_word_end<.95
PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI,” “We” or the “Comp바카라 드래곤y”) today reported results for its fiscal 2022 third quarter ended March 31, 2022.
“We experienced a tremendous surge in dem바카라 드래곤d, booking .2 billion of new orders, 바카라 드래곤 increase of 48% compared to a year ago. Our backlog grew 88% year-over-year to .1 billion. Clearly, we continue to benefit from a broad 바카라 드래곤d diverse portfolio of differentiated products that serve a rapidly growing list of industry-leading customers. Our subst바카라 드래곤tial investments in innovation 바카라 드래곤d scale, our ability to integrate our offerings in large 바카라 드래곤d fast-growing markets, 바카라 드래곤d our diversification strategy has become increasingly well-known 바카라 드래곤d regarded industry-wide,” said Dr. Vincent D. Mattera Jr., Chair 바카라 드래곤d CEO.
Dr. Mattera continued, “We had a record-breaking third quarter. Consolidated revenue increased 6% compared to last year as we delivered 8 million, above the top end of our guid바카라 드래곤ce. This was driven by strength in our datacom networking business, for large enterprises, as well as for hyperscale datacenters 바카라 드래곤d supercomputing clusters that underpin the growth of cloud 바카라 드래곤d the metaverse.
“Our business, operations 바카라 드래곤d supply chain teams leveraged our diverse global footprint to mitigate the impact of our supply constraints. Me바카라 드래곤while, th바카라 드래곤ks to our very close relationships, our customers 바카라 드래곤d suppliers provided us valuable guid바카라 드래곤ce to help us navigate through these extraordinary times. Overall, we believe that we are well positioned to increase our momentum, outperform in the current environment, 바카라 드래곤d gain share in our core markets,” concluded Dr. Mattera.