• Bookings increased 31% and Revenues increased 17% compared to Q1FY16
  • GAAP EPS in line with Q1FY16, Adjusted EPS increased 30% over Q1FY16

PITTSBURGH, October 25, 2016 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI” or the “Company”) today reported
results for its first fiscal quarter ended September 30, 2016.
Vincent D. Mattera, Jr., President and Chief Executive Officer, said “We started our new fiscal year with a very good first quarter,
reporting results at the high end of our guidance. Component sales into the optical communications market led the growth in margins,
and our industrial laser business remained steady. Our new acquisitions met our expectations, and we have made good progress in
our investment programs to scale our technology platforms to address fast-growing, emerging markets such as 3D sensing, power
electronics and data center interconnects. Overall, it was a great start to our fiscal year 2017.”

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