- Operating income increased 44% compared to Q1 FY14
- Net earnings increased 27% compared to Q1 FY14
PITTSBURGH, October 28, 2014 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported results for its first fiscal quarter ended September 30, 2014.
Francis J. Kramer, President and Chief Executive Officer said, “This quarter was a good step forward. Our results were driven by improvements from most of the product portfolio, including fiber, direct diode and CO2 laser components. We expect to deliver improving results during the coming quarters as we continue identifying synergies, consolidating businesses, and decreasing costs to address end market challenges.”