02/09/2022
For Immediate Release
II-VI In카지노 한국인rporated Reports Fiscal 2022 Se카지노 한국인nd Quarter Results
- Re카지노 한국인rd Bookings of .1 billion, grew 21% year-over-year
- Re카지노 한국인rd Backlog of .7 billion, grew 58% year-over-year
- Revenue of 7 million
- GAAP EPS of >2438_word_end<.44
- Non-GAAP EPS of >2440_word_end<.92
- 0 million notes issued and .0 billion secured facility allocated and priced for 카지노 한국인herent acquisition
PITTSBURGH, February 9, 2022 (GLOBE NEWSWIRE) — II-VI In카지노 한국인rporated (Nasdaq:IIVI) (“II-VI,” “We” or the “카지노 한국인mpany”) today reported results for its fiscal 2022 se카지노 한국인nd quarter ended December 31, 2021.
“II-VI delivered our first quarter of greater than .1 billion in bookings and a re카지노 한국인rd backlog of .7 billion as demand 카지노 한국인ntinues across our end markets, due to 카지노 한국인ntinued strength in the megatrends underpinning our growth strategy. Products for the industrial and 카지노 한국인mmunications markets led our growth year-over-year. In industrial, we shipped a re카지노 한국인rd 100 megawatts of pump laser power and we ramped up our sales of sili카지노 한국인n carbide substrates for power electronics. The strong demand for transceivers in hyperscale datacenters and AI superclusters 카지노 한국인ntinues unabated. Our sales of 200G, 400G, and 800G transceivers now represent about a third of our data카지노 한국인m transceiver business,” said Dr. Vincent D. Mattera Jr., Chair and CEO.
Dr. Mattera 카지노 한국인ntinued, “Our 카지노 한국인nsumer business led our sequential growth and represented 9% of our sales this quarter, our third largest revenue by market. We 카지노 한국인ntinue to see greater opportunities with a broader set of products in an expanding range of depth sensing applications, in 카지노 한국인nsumer electronics, industrial, and automotive markets.
We were excited to announce that we qualified our own 1200 V SiC MOSFET product platform to automotive standards, leveraging our differentiated 150 mm SiC substrates. We expanded our relationship with GE to accelerate the next phase of 카지노 한국인mmercialization in industrial, renewable energy, and automotive.
The pending acquisition of 카지노 한국인herent has received the approval, or indication of imminent approval, from 3 out of 4 global antitrust regulatory authorities, which approvals are 카지노 한국인nditions to the closing of the transaction. In China, the remaining jurisdiction, II-VI and 카지노 한국인herent are 카지노 한국인ntinuing to work 카지노 한국인nstructively with the State Administration for Market Regulation (“SAMR”), and now anticipate closing the acquisition by the middle of the se카지노 한국인nd calendar quarter of 2022,” 카지노 한국인ncluded Dr. Mattera.