- FY16 Cash flows from operations surpassed $22 million in the first quarter
- FY16 Diluted EPS of $0.27 increased 35% compared to first quarter FY15
PITTSBURGH, October 27, 2015 (GLOBE NEWSWIRE) ‐‐ II-VI Incorporated (Nasdaq:IIVI) (“II‐VI” or the “Company”) today reported results for its first fiscal quarter ended September 30, 2015.
Francis J. Kramer, Chairman and Chief Executive Officer said, “We started our new fiscal year with a very good first quarter. Component sales into the optical communications market led the growth in margins, and all businesses contributed to our earnings growth. We had one of our best fiscal year starts in generating cash flow from operations. We continued to pay down debt and are now in a net cash position. We think this
performance lays a solid foundation for progress this year.”