- Year to date FY16 cash flows from operations increased 26% over the prior fiscal year
- Q2 FY16 adjusted diluted EPS of $0.30 increased 25% compared to Q2 FY15
PITTSBURGH, January 26, 2016 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported results for its second fiscal quarter ended December 31, 2015.
Francis J. Kramer, Chairman and Chief Executive Officer said, “It was a busy quarter for our Company. We delivered solid operating results and, as recently announced, we executed definitive agreements to acquire two companies. Our Photonics segment significantly increased revenues and earnings, and its bookings were the catalyst for the Company’s book to bill ratio of 1.08. Our cash flow from operations increased 26% over the same period last year and we have utilized this cash to pay down debt and make strategic capital investments. Despite sluggishness in China and in our industrial markets, we are very encouraged about the prospects ahead for all of our business segments.”