II-VI, Inc. (IIVI) Tops Q3 EPS by 10c

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II-VI Incorporated Reports Fiscal 2022 Third Quarter Results

May 10, 2022 6:55 AM EDT

Record Revenue of $828 million Record Bookings of $1.2 billion, grew 48% year-over-yearRecord Backlog of $2.1 billion, grew 88% year-over-yearGAAP EPS of $0.28 Non-GAAP EPS of $0.95

PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) ("II-VI," We or the "Company") today reported results for its fiscal 2022 third quarter ended March 31, 2022.

We experienced a tremendous surge in demand, booking $1.2 billion of new orders, an increase of 48% compared to a year ago. Our backlog grew 88% year-over-year to $2.1... More