- Revenues of $262M increased 18% compared to Q1 FY17
- GAAP EPS of $0.32 increased 23% compared to Q1 FY17
- Adjusted EPS of $0.35 increased 35% compared to Q1 FY17
PITTSBURGH, Oct. 31, 2017 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported results for its first fiscal quarter ended September 30, 2017.
“All of our segments got off to a great start in Q1,” said Dr. Vincent D. Mattera, Jr. President and CEO, II-VI Incorporated. “They all saw year-over-year growth in the end markets of materials processing, optical communications, and wireless communications. We did not experience as much seasonal softness as anticipated. We expect to see broad-based growth in fiscal year 2018 led by our core markets as well as our emerging markets, including 3D sensing, EUV lithography and the rapidly-developing electric vehicle ecosystem.”