II-VI Incorporated Reports Fiscal 2017 Second Quarter Earnings; Achieves Record Bookings, Revenues and Backlog
Last update: 24/01/2017 6:55:03 am
II-VI Incorporated Reports Fiscal 2017 Second Quarter Earnings; Achieves Record Bookings, Revenues and Backlog
-- Bookings of $274M increased 32% from Q2FY16
-- Revenues of $232M increased 21% compared to Q2FY16
-- EPS of $0.37 increased 42% sequentially and 23% compared to Q2FY16;
includes $0.04 of net foreign currency gains and other one-time items
PITTSBURGH, Jan. 24, 2017 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) ("II-VI" or the "Company") today reported results for its second fiscal quarter ended December 31, 2016.
Vincent D. Mattera, Jr., President and Chief Executive Officer, said "Our second fiscal quarter results reflect our strategy and the results of our efforts to address the growing market opportunities we are seeing, including those in the communications markets. Company margin expansion is being driven by volume and manufacturing efficiencies. With a book to bill ratio of 1.18, we anticipate the momentum we are currently experiencing to continue through the second half of fiscal year 2017."
