II-VI Incorporated Announces the OTDR+ Platform for Embedded Network Monitoring Applications
Sep 2 15
II-VI Incorporated announced the introduction of its unique suite of Optical Time Domain Reflectometry (OTDR) solutions for embedded network monitoring applications. The II-VI OTDR+ platform, powered by patent-pending technologies and associated algorithms, achieves wide dynamic range and high spatial resolution using very low optical power, making it ideal for embedded applications.
II-VI Incorporated Unveils 1 Watt Optical Communications 980 nm Pump Module
Aug 12 15
II-VI Incorporated announced the launch of its high-power, 1 watt, 980 nm pump laser module. This new laser module demonstrates continuing innovation within the II-VI pump laser portfolio and leverages the proven, high-reliability laser diode technology from its in-house wafer fab in its Laser Enterprise Division in Zurich, Switzerland. This latest product release continues the long and successful heritage of pump lasers, and II-VI announced that it has significantly surpassed the 2-million milestone of pump laser modules shipped. Originally established in the mid-1990s, now II-VI pump laser modules represent a key foundation of modern DWDM optical transport systems. For two decades, this key laser technology has been developed and refined to enable increased output power, lower power consumption, improved reliability and performance. The original pump laser modules were capable of producing around 100 mW of usable optical power. Today, pump laser modules operate at an order of magnitude higher power, enabling EDFA technology to continue to be the backbone of the bandwidth explosion, with more flexible and efficient designs. This evolution has been enabled by the continuous relationship between the II-VI chip designers in Switzerland, and the advanced packaging teams in the UK and China.
II-VI Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015; Provides Earnings Guidance for the First Fiscal Quarter Ending September 30, 2015
Aug 4 15
II-VI Incorporated reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, the company’s total revenues were $196,683,000 compared to $187,921,000 a year ago. Earnings before income taxes were $22,533,000 compared to $14,157,000 a year ago. Net earnings were $17,069,000 or $0.27 per diluted share compared to $12,655,000 or $0.20 per diluted share a year ago. Adjusted EBITDA was $37.2 million compared to $29.3 million a year ago. EBITDA was $37.2 million compared to $29.3 million a year ago. Cash paid for capital expenditures was $12.1 million compared to $8.4 million a year ago.
For the year, the company’s total revenues were $741,961,000 compared to $683,261,000 a year ago. Earnings from continuing operations before income taxes were $79,112,000 compared to $45,641,000 a year ago. Net earnings were $65,975,000 or $1.05 per diluted share compared to $38,449,000 or $0.60 per diluted share a year ago. Net cash provided by operating activities was $129,366,000 compared to $95,462,000 a year ago. Additions to property, plant and equipment was $52,313,000 compared to $29,220,000 a year ago. Earnings from continuing operations were $65,975,000 compared to $38,316,000 a year ago. Adjusted EBITDA was $128.4 million compared to $103.3 million a year ago. EBITDA was $136.1 million compared to $103.3 million a year ago. Cash paid for capital expenditures was $52.3 million compared to $29.2 million a year ago. Adjusted non-GAAP earnings were $58.9 million or $0.94 per diluted share compared to $38.3 million or $0.60 per diluted share a year ago.
For the first fiscal quarter ending September 30, 2015, seasonally lowest quarter, the company currently forecasts revenues to range from $180 million to $190 million and diluted earnings per share to range from $0.20 to 0.25 at prevailing exchange rates.
II-VI Plans Acquisitions
Aug 4 15
II-VI Incorporated (NasdaqGS:IIVI) intends to make acquisitions. Chuck Mattera, Chief Operating Officer of the company said: “We embarked on a very ambitious plan that involved new acquisitions, investment in new technology and products, and attention to quality and operational excellence.” Chief Executive Officer Francis Kramer stated that with those major acquisitions now integrated, the II-VI executive team had begun looking at ways to further grow its portfolio, although any activity was at a very early stage.
II-VI Incorporated to Report Q4, 2015 Results on Aug 04, 2015
Jul 28 15
II-VI Incorporated announced that they will report Q4, 2015 results at 9:00 AM, US Eastern Standard Time on Aug 04, 2015