- Company completed acquisitions of EpiWorks and ANADIGICS
- Q3 FY16 U.S. GAAP diluted EPS of $0.24 increased 4% compared to Q3 FY15
- Q3 FY16 Non-GAAP diluted EPS of $0.35 increased 52% compared to Q3 FY15
- “Non-GAAP” excludes the operating effects of acquisitions and related one-time items
PITTSBURGH, April 26, 2016 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported
results for its third fiscal quarter ended March 31, 2016.
Francis J. Kramer, Chairman and Chief Executive Officer, said, “Our continued solid operating results, including bookings and margin,validate our strategy of investing in businesses with market leading products and vertically integrated worldwide manufacturing operations. With our acquisitions and investments to commence next quarter, we are accelerating the build out of a scalable semiconductor VCSEL laser platform. II-VI Photonics delivered a robust quarter, particularly from the optical communication markets. Our record bookings this quarter indicate that we expect to end the fourth quarter strong.”