• Bookings of $274M increased 32% from Q2FY16
  • Revenues of $232M increased 21% compared to Q2FY16
  • EPS of $0.37 increased 42% sequentially and 23% compared to Q2FY16; includes $0.04 of net foreign currency gains and other one-time items

PITTSBURGH, January 24, 2017 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported
results for its second fiscal quarter ended December 31, 2016.
Vincent D. Mattera, Jr., President and Chief Executive Officer, said “Our second fiscal quarter results reflect our strategy and the results
of our efforts to address the growing market opportunities we are seeing, including those in the communications markets. Company
margin expansion is being driven by volume and manufacturing efficiencies. With a book to bill ratio of 1.18, we anticipate the
momentum we are currently experiencing to continue through the second half of fiscal year 2017.”

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