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II-VI: Q4 Earnings Insights

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Benzinga Insights
·1 min read
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Shares of II-VI (NASDAQ:IIVI) rose 2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 76.12% year over year to $1.18, which beat the estimate of $0.76.

Revenue of $746,290,000 up by 105.74% from the same period last year, which beat the estimate of $712,340,000.

Guidance

Q1 EPS expected between $0.45 and $0.60.

Q1 revenue expected to be between $700,000,000 and $750,000,000.

Details Of The Call

Date: Aug 13, 2020

View more earnings on IIVI

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nkmoa3br

Recent Stock Performance

Company's 52-week high was at $52.97

Company's 52-week low was at $19.00

Price action over last quarter: Up 19.73%

Company Description

II-VI Inc manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in three segments: laser solutions, photonics, and performance products. The photonics segment contributes the largest proportion of revenue and manufactures customized optics and optical components. The laser solutions segment manufactures high-power lasers, laser diodes, laser material processing tools, and infrared optics. The performance products segment manufactures optical systems, thermoelectric modules, and products for semiconductor, defense, and industrial companies. II-VI generates the majority of its revenue outside the United States.

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