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Last $18.44 USD
Change Today -0.52 / -2.74%
Volume 61.9K
IIVI On Other Exchanges
Symbol
Exchange
Berlin
As of 12:17 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

ii-vi inc (IIVI) Key Developments

II-VI Incorporated Reports Earnings Results for the Third Quarter and Nine Months of 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015

II-VI Incorporated reported earnings results for the third quarter and nine months of 2015. For the quarter, the company reported revenues of $182.7 million grew 5% over the third quarter of last year and 3% sequentially. EPS was $0.23, inclusive of $0.015 negative currency effects as well as restructuring costs. Cash flow from operations was $36 million compared to $13 million a year ago. The company invested $8.6 million in capital equipment. For the nine months, the company reported EPS of $0.67 without the $0.11 of the favorable settlement that discussed last quarter and at $0.67, has already surpassed the EPS of last year of $0.60 for the whole fiscal year 2014. Cash flow from operations was $86 million compared to $59 million a year ago. The company expects to invest about $45 million altogether for fiscal year 2015 CapEx, not including the $13 million for the purchase of the building in Germany during the first quarter. The company expects 2015 tax rate to be between 14% and 16%. This range compares to last year's rate of 16%, which also benefited from the R&D tax credit. For the fourth quarter of 2015, the company expects revenue to range from $185 million to $193 million. This compares to $187.9 million for fourth quarter of fiscal year 2014. EPS is expected to range from $0.20 to $0.24 per share, inclusive of $2.4 million in restructuring, and that compares to $0.20 per share in fourth quarter for fiscal year 2014.

II-VI Incorporated to Report Q3, 2015 Results on Apr 28, 2015

II-VI Incorporated announced that they will report Q3, 2015 results Pre-Market on Apr 28, 2015

II-VI Incorporated, Q3 2015 Earnings Call, Apr 28, 2015

II-VI Incorporated, Q3 2015 Earnings Call, Apr 28, 2015

II-VI Incorporated Elects William Schromm as a Member of the Board of Directors

On April 15, 2015, the Board of Directors of II-VI Incorporated (the company) elected William Schromm to serve as a member of the Board of Directors, effective immediately. Mr. Schromm will serve as a Class Three Director, with his current term expiring at the company's 2017 annual shareholders' meeting. Mr. Schromm brings over 34 years of insight into areas including operations, marketing and engineering management, and will bring experience regarding the semiconductor industry. Mr. Schromm has served in various roles for the past 16 years at ON Semiconductor Corporation Mr. Schromm has served as Executive Vice President and Chief Operating Officer since 2014.

II-VI Incorporated Presents at 16th Annual B. Riley & Co. Investor Conference, May-12-2015 02:00 PM

II-VI Incorporated Presents at 16th Annual B. Riley & Co. Investor Conference, May-12-2015 02:00 PM. Venue: Loews Hollywood Hotel, Los Angeles, California, United States.

 

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Industry Analysis

IIVI

Industry Average

Valuation IIVI Industry Range
Price/Earnings 19.3x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 18.8x
TEV/Sales 1.1x
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