II-VI, Inc. (IIVI) Unveils High-Power and High-Efficiency Double-Junction VCSEL Arrays for Next-Generation 3D Sensing

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II-VI, Inc. (IIVI) Tops Q2 EPS by 18c, Revenues Beat; Offers 3Q EPS/Revenues Mid-Point Guidance Above Consensus

February 9, 2021 6:59 AM EST

II-VI, Inc. (NASDAQ: IIVI) reported Q2 EPS of $1.08, $0.18 better than the analyst estimate of $0.90. Revenue for the quarter came in at $786.6 million versus the consensus estimate of $767.54 million.

Record Quarterly Revenue of $786.6 millionRecord Backlog of $1.08 billionRecord Cash from Operations of $221 million and Record Free Cash Flow $175.8 million1Quarterly GAAP Operating Income of $118.7 million and GAAP EPS of $0.73Quarterly Non-GAAP Operating Income of $173.0 million and Non-GAAP EPS of $1.08December 31, 2020 net debt leverage ratio of 0.9x, reduced from 1.3x at September 30, 20202

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