02/09/2022
For Immediate Release
II-VI Incorporated Reports Fiscal 2022 Second 카지노 한국인 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 >2434_word_end<.44
- Non-GAAP EPS of >2436_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 Incorporated (Nasdaq:IIVI) (“II-VI,” “We” or the “Company”) today reported results for its fiscal 2022 second 카지노 한국인 ended December 31, 2021.
“II-VI delivered our first 카지노 한국인 of greater than .1 billion in bookings and a record backlog of .7 billion as demand continues across our end markets, due to continued strength in the megatrends underpinning our growth strategy. Products for the industrial and communications markets led our growth year-over-year. In industrial, we shipped a record 100 megawatts of pump laser power and we ramped up our sales of silicon carbide substrates for power electronics. The strong demand for transceivers in hyperscale datacenters and AI superclusters continues unabated. Our sales of 200G, 400G, and 800G transceivers now represent about a third of our datacom transceiver business,” said Dr. Vincent D. Mattera Jr., Chair and CEO.
Dr. Mattera continued, “Our consumer business led our sequential growth and represented 9% of our sales this 카지노 한국인, our third largest revenue by market. We continue to see greater opportunities with a broader set of products in an expanding range of depth sensing applications, in consumer 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 Coherent has received the approval, or indication of imminent approval, from 3 out of 4 global antitrust regulatory authorities, which approvals are conditions to the closing of the transaction. In China, the remaining jurisdiction, II-VI and Coherent are continuing to work constructively with the State Administration for Market Regulation (“SAMR”), and now anticipate closing the acquisition by the middle of the second calendar 카지노 한국인 of 2022,” concluded Dr. Mattera.