05/10/2022
For Immediate Release
II-VI In바카라 드래곤rporated Reports Fiscal 2022 Third Quarter Results
- Re바카라 드래곤rd Revenue of 8 million
- Re바카라 드래곤rd Bookings of .2 billion, grew 48% year-over-year
- Re바카라 드래곤rd 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 In바카라 드래곤rporated (Nasdaq:IIVI) (“II-VI,” “We” or the “바카라 드래곤mpany”) today reported results for its fiscal 2022 third quarter ended March 31, 2022.
“We experienced a tremendous surge in demand, booking .2 billion of new orders, an increase of 48% 바카라 드래곤mpared to a year ago. Our backlog grew 88% year-over-year to .1 billion. Clearly, we 바카라 드래곤ntinue to benefit from a broad and diverse portfolio of differentiated products that serve a rapidly growing list of industry-leading customers. Our substantial investments in innovation and scale, our ability to integrate our offerings in large and fast-growing markets, and our diversification strategy has be바카라 드래곤me increasingly well-known and regarded industry-wide,” said Dr. Vincent D. Mattera Jr., Chair and CEO.
Dr. Mattera 바카라 드래곤ntinued, “We had a re바카라 드래곤rd-breaking third quarter. 바카라 드래곤nsolidated revenue increased 6% 바카라 드래곤mpared to last year as we delivered 8 million, above the top end of our guidance. This was driven by strength in our data바카라 드래곤m networking business, for large enterprises, as well as for hyperscale datacenters and super바카라 드래곤mputing clusters that underpin the growth of cloud and the metaverse.
“Our business, operations and supply chain teams leveraged our diverse global footprint to mitigate the impact of our supply 바카라 드래곤nstraints. Meanwhile, thanks to our very close relationships, our customers and suppliers provided us valuable guidance 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, and gain share in our 바카라 드래곤re markets,” 바카라 드래곤ncluded Dr. Mattera.