II-VI, Inc. (IIVI) PT Raised to $45 at Needham & Company Following 4Q
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II-VI Incorporated Reports Fiscal 2017 Fourth Quarter and Full Year Earnings
August 7, 2017 6:55 AM EDTRecord Fourth Quarter and Full Year RevenueRecord Full Year Bookings Exceed $1.0 Billion
PITTSBURGH, Aug. 07, 2017 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) ("II-VI" or the "Company") today reported results for its fiscal fourth quarter and full year ended June 30, 2017.
Dr. Vincent D. Mattera, Jr., President and Chief Executive Officer of II-VI said "Our fiscal fourth quarter and full year results reflect significant achievements across all our end markets derived from earlier investments consistent with our growth strategy. We achieved... More
II-VI Incorporated Acquires Kaiam’s 6-inch Wafer Fabrication Facility in the U.K.
August 7, 2017 6:50 AM EDT300,000 square foot facility with a 100,000 square foot clean room near Newcastle, U.K.GaAs, SiC and InP devices capabilitiesPurchase price of the acquisition was $80 million in cash
             PITTSBURGH, Aug. 07, 2017 (GLOBE NEWSWIRE) -- IIVI Incorporated (NASDAQ: IIVI), a leader in engineered materials and optoelectronic components, today announced its acquisition of Kaiam Laser Limited, a 6-inch wafer fabrication facility in Newton Aycliffe in the United Kingdom. The purchase price of the transaction was $80.0 million, and paid for from the Companys cash reserves. The acquisition is expected to be breakeven at the EBITDA level... More
