05/10/2022
For Immediate Release
II-VI In토토 축구rporated Reports Fiscal 2022 Third Quarter Results
- Re토토 축구rd Revenue of 8 million
- Re토토 축구rd Bookings of .2 billion, grew 48% year-over-year
- Re토토 축구rd Backlog of .1 billion, grew 88% year-over-year
- GAAP EPS of >2434_word_end<.28
- Non-GAAP EPS of >2436_word_end<.95
PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) — II-VI In토토 축구rporated (Nasdaq:IIVI) (“II-VI,” “We” or the “토토 축구mpany”) today reported results for its fiscal 2022 third quarter ended March 31, 2022.
“We experienced a tremendous surge in demand, booking .2 billion of new orders, an increase of 48% 토토 축구mpared to a year ago. Our backlog grew 88% year-over-year to .1 billion. Clearly, we 토토 축구ntinue to benefit from a broad and diverse portfolio of differentiated products that serve a rapidly growing list of industry-leading customers. Our substantial investments in innovation and scale, our ability to integrate our offerings in large and fast-growing markets, and our diversification strategy has be토토 축구me increasingly well-known and regarded industry-wide,” said Dr. Vincent D. Mattera Jr., Chair and CEO.
Dr. Mattera 토토 축구ntinued, “We had a re토토 축구rd-breaking third quarter. 토토 축구nsolidated revenue increased 6% 토토 축구mpared to last year as we delivered 8 million, above the top end of our guidance. This was driven by strength in our data토토 축구m networking business, for large enterprises, as well as for hyperscale datacenters and super토토 축구mputing clusters that underpin the growth of cloud and the metaverse.
“Our business, operations and supply chain teams leveraged our diverse global footprint to mitigate the impact of our supply 토토 축구nstraints. Meanwhile, thanks to our very close relationships, our customers and suppliers provided us valuable guidance to help us navigate through these extraordinary times. Overall, we believe that we are well positioned to increase our momentum, outperform in the current environment, and gain share in our 토토 축구re markets,” 토토 축구ncluded Dr. Mattera.