II-VI - steht für "wide bandgap materials" - 500 Beiträge pro Seite

[meinolf67]

...ist ein Zulieferer für Laser, Kristallzüchtung,...

UND ein wesentlicher Anteilseigner von 5N Plus. Zumindest gewesen.

[meinolf67]

From amber-colored lenses that focus intense laser light, to radiation detectors for nationwide security and nuclear medicine, to high power electrical and microwave components, II-VI Incorporated and its divisions and subsidiaries utilize expertise in synthetic crystal materials growth, optics fabrication, electronics component manufacture, and more to create high-tech products for a wide range of applications and industries.


Founded in 1971, II-VI Incorporated is headquartered in Saxonburg, PA, and maintains manufacturing facilities, distributors, and agents worldwide.

II-VI Incorporated is a public company, traded on the NASDAQ under the stock symbol IIVI.

[meinolf67]

II-VI Incorporated Reports Record Fourth Quarter Revenues; Fiscal Year 2008 Bookings, Revenues and Earnings Per Share Establish New Records: Fiscal Year 2009 Guidance Increased

PITTSBURGH, Aug. 5 /PRNewswire-FirstCall/ --

FlashResults
II-VI Incorporated IIVI
(Numbers in Thousands, Except
Per Share Data)

4th quarter ended 4th quarter ended
6/30/2008 YTD 6/30/2007 YTD
Sales $91,809 316,191 69,843 $254,684
Net Income $14,838 64,268 11,309 $37,966
Average Shares 30,558 30,489 30,385 30,288
EPS $0.49 $2.11 $0.37 $1.25


II-VI Incorporated (Nasdaq: IIVI) today reported results for its fourth quarter and fiscal year ended June 30, 2008.

As previously announced on April 4, 2008, the Company intends on selling its x-ray and gamma-ray radiation sensor business, eV PRODUCTS, Inc., which operates as a business within the Compound Semiconductor Group. Results for all periods presented reflect the presentation of eV PRODUCTS as a discontinued operation.

Bookings from continuing operations for the quarter increased 31% to $92,159,000 compared to $70,445,000 in the fourth quarter of last fiscal year. Bookings from continuing operations for the year ended June 30, 2008 increased 30% to a record $345,316,000 from $266,602,000 last fiscal year. Bookings are defined as customer orders received that are expected to be converted into revenues during the next 12 months.

Revenues from continuing operations for the quarter increased 31% to a record $91,809,000 from $69,843,000 in the fourth quarter of last fiscal year. Revenues from continuing operations for the year ended June 30, 2008 increased 24% to a record $316,191,000 from $254,684,000 last fiscal year.

For the quarter ended June 30, 2008, net earnings from continuing operations were $15,351,000 or $0.50 per share-diluted compared with $11,356,000 or $0.37 per share-diluted in the fourth quarter of last fiscal year. After giving effect to a net loss from the discontinued operation ($513,000 or $0.02 per share-diluted for the quarter compared to $47,000 or $0.00 per share-diluted in the fourth quarter of last fiscal year), consolidated net earnings for the quarter were $14,838,000 or $0.49 per share-diluted compared with $11,309,000 or $0.37 per share-diluted in the fourth quarter of last fiscal year.

For the year ended June 30, 2008, net earnings from continuing operations were $65,693,000 or $2.16 per share-diluted compared with $38,442,000 or $1.27 per share-diluted last fiscal year. After giving effect to a net loss from the discontinued operation ($1,425,000 or $0.05 per share-diluted for the year compared to $476,000 or $0.02 per share-diluted in the same period one year ago), consolidated net earnings were $64,268,000 or $2.11 per share-diluted compared with $37,966,000 or $1.25 per share-diluted last fiscal year. Net earnings for the year ended June 30, 2008 includes an after-tax gain of $0.52 per share-diluted on the sale of an equity investment.

Francis J Kramer, president and chief executive officer said, 'We are very pleased to report solid performance for the quarter and fiscal year ended June 30, 2008. Pacific Rare Specialty Metals & Chemicals, Inc. (PRM) completed its first year with II-VI and contributed strong bookings, revenue and earnings. PRM's performance helped the Military and Materials segment to more than double bookings and segment earnings on an 86% increase in revenues. In the Compound Semiconductor Group, Marlow Industries, Inc. posted admirable quarter and fiscal year operating results; this business continues to benefit from growing worldwide product acceptance and increasing use of its Vietnam manufacturing base. Our Infrared Optics segment improved its operating and financial performance during the quarter and is focused on another year of double-digit organic growth. We expect fiscal year 2009 will be another good year for the Company as we benefit from both a strong order backlog and strong balance sheet. We have increased our fiscal year 2009 guidance from the initial guidance we gave on April 22, 2008 for this fiscal year.'

Segment Information from Continuing Operations

The following segment information includes segment earnings from continuing operations (defined as earnings from continuing operations before income taxes, interest expense and other expense or income, net). Management believes segment earnings from continuing operations are a useful performance measure because they reflect the results of segment performance over which management has direct control.

Three Months Ended Year Ended
June 30, June 30,
%
Increase %
2008 2007 (Decrease) 2008 2007 Increase

Bookings:
Infrared Optics $43,607 $35,716 22% $161,732 $134,569 20%
Near-Infrared
Optics 23,359 8,097 188% 65,932 49,518 33%
Military and
Materials 15,533 9,984 56% 61,871 30,341 104%
Compound
Semiconductor
Group 9,660 16,648 (42)% 55,781 52,174 7%
Total Bookings $92,159 $70,445 31% $345,316 $266,602 30%

Revenues:
Infrared Optics $43,372 $35,120 23% $151,911 $132,772 14%
Near-Infrared
Optics 15,269 15,148 1% 58,689 50,253 17%
Military and
Materials 14,316 7,394 94% 50,507 27,108 86%
Compound
Semiconductor
Group 18,852 12,181 55% 55,084 44,551 24%
Total Revenues $91,809 $69,843 31% $316,191 $254,684 24%

Segment Earnings:
Infrared Optics $10,801 $9,248 17% $36,189 $35,663 1%
Near-Infrared
Optics 3,442 2,458 40% 11,886 6,805 75%
Military and
Materials 1,882 714 164% 7,065 2,523 180%
Compound
Semiconductor
Group 2,266 1,498 51% 6,522 3,963 65%
Total Segment
Earnings $18,391 $13,918 32% $61,662 $48,954 26%


Investment in Fuxin Electronics

As previously announced on July 28, 2008, the Company completed an additional investment in Guangdong Fuxin Electronic Technology Company (Fuxin), based in Guangdong Province, China. This additional investment, made in July 2008, was for approximately $5 million and increased the Company's total equity ownership in Fuxin to 20%. Fuxin is a leader in thermoelectric-based consumer appliances. The Company's Marlow Industries subsidiary is the world leader in high quality, high reliability and high performance thermoelectric cooling technology.

Outlook

For the first fiscal quarter ending September 30, 2008, the Company currently forecasts revenues from continuing operations to range from $84.0 million to $86.0 million and earnings per share from continuing operations to range from $0.41 to $0.44. Comparable results for the quarter ended September 30, 2007 were revenues from continuing operations of $71.1 million and earnings per share from continuing operations of $0.33. The first fiscal quarter tends to be the lowest revenue quarter of the fiscal year due to slight seasonality of European sales. For the fiscal year ending June 30, 2009, the Company expects revenues from continuing operations to range from $347 million to $352 million and earnings per share from continuing operations to range from $1.75 to $1.80. Results for the year ended June 30, 2008 were revenues from continuing operations of $316 million and earnings per share from continuing operations of $1.63 excluding the after-tax gain on the sale of equity investment of $0.52 per share.

[meinolf67]

II-VI Inc. said Tuesday that fiscal first-quarter net income rose to $17.52 million, or 57 cents per share, up from $9.62 million, or 32 cents per share, in the year-ago period.

The Saxonburg, Pa.-based manufacturer (NASDAQ:IIVI) makes infrared lenses and other optical components, such as lenses, windows and mirrors for use in lasers.

“The geographic and market diversity of our product lines is helping to offset the impact of macro-economic trends in some of the markets we serve,” President and CEO Francis Kramer said.

Net sales for the company reached $84.55 million for the quarter, up from $67.93 million a year ago.

[meinolf67]

II-VI Q2 income dips; revises FY09 view- Update
1/21/2009 8:20 AM ET

RELATED NEWS

II-VI Q2 profit plunges; Guides Q3; revises FY09 outlook - Quick Facts

II-VI Closed at New Low for Year Wednesday

II-VI cuts Q2 outlook below Street view - Update

II-VI Updates Q2 Guidance - Quick Facts

7Hills Business Solutions appoints Abhay Edlabadkar as CEO and President - Quick facts
(RTTNews) - Manufacturing company II-VI Inc. (IIVI: News ) Wednesday reported a fall in its second-quarter net income, hurt by slowdown in demand in the lethargic economic environment and the absence of a year-ago gain from the sale of an equity investment. In addition, the company altered its outlook for the full year 2009.

The Saxonburg, Pennsylvania-based company posted earnings from continuing operations of $8.34 million or $0.28 per share, compared to $26.99 million or $0.88 per share in the same quarter of last year. The year-ago period included a $15.91 million or $0.52 per share gain on the sale of an equity investment.

The company, which specializes in crystal growth technology, had earlier announced plans to dispose off its x-ray and gamma-ray radiation sensor business, eV Products, Inc. The company has designated eV Products as discontinued operations in its results.

On average, three analysts polled by First Call/Thomson Financial expected the company to report earnings per share of $0.28. Analysts' estimates typically exclude one-time special items.

Revenues from continuing operations rose 3% to $74.28 million from $72.33 million in the year-ago period. The Street had a consensus revenue estimate of $71.20 million.
Segment-wise, revenues in Military and Materials rose 11% year-on-year, while the Semiconductor division recorded 23% revenue growth. Revenues remained almost flat in the Infrared Optics segment, however in Near-Infrared Optics revenues declined 15% from the previous year.

Bookings from continuing operations for the quarter decreased 14% to $67.38 million from $78.57 million in the comparable period of last year. Booking from continuing operations refer to customer orders received that are expected to be converted into revenues during the next 12 months.

Commenting on the results, Francis Kramer, the company's president and chief executive officer, said the company was experiencing lower demand for products sold in non-military markets since November 2008. Pertaining to the weakening demand, the company plans cutting operation costs by layoffs, reducing overtime and eliminating discretionary spending.

For the six-month period, the company reported earnings from continuing operations of $25.86 million or $0.85 per share, compared to $36.99 million or $1.21 per share in the corresponding period of last year. Revenues from continuing operations for the year-to-date period totaled $162.04 million, up 13% from $143.43 million in the last year.

[R-BgO]

II-VI Inc (IIVI) Bearish Technical Alert - Trend Down 10.8%
Saturday 07/18/2009 6:38 PM ET - Comtex Smartrend(r)
Related Companies
Symbol Last %Chg
IIVI 20.28 -4.38%
As of 4:00 PM ET 7/17/09

II-VI Inc (NASDAQ:IIVI) closed 4.4% lower (down $0.93 to $20.28) yesterday on volume of 140,053 shares. The stock has traded within a 52-week range of $14.05 and $48.26.

II-VI Inc is currently below its 50-day moving average of $22.88 and below its 200-day moving average of $21.40.

SmarTrend is bearish on shares of IIVI and our subscribers received a Downtrend alert on June 22, 2009 at $22.73, which has returned 10.8% to date.

Write to Chip Brian at [e-mail]

[R-BgO]

II-VI Incorporated Reports First Quarter Earnings, Initiates Fiscal Year 2010 Guidance
II-VI Incorporated Reports First Quarter Earnings, Initiates Fiscal Year 2010 Guidance
Oct. 20, 2009 (GlobeNewswire) --

PITTSBURGH, Oct. 20, 2009 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) today reported results for its first quarter ended September 30, 2009.

Revenues from continuing operations for the quarter decreased 25% to $65,538,000 from $87,766,000 in the first quarter of last fiscal year.

Bookings from continuing operations for the quarter decreased 1% to $73,336,000 compared to $74,295,000 in the first quarter of last fiscal year. Bookings are defined as customer orders received that are expected to be converted into revenues during the next 12 months.

For the quarter ended September 30, 2009, net earnings attributable to II-VI Incorporated were $6,306,000 or $0.21 per share-diluted compared with net earnings of $17,495,000 or $0.57 per share-diluted in the first quarter of last fiscal year.

Francis J. Kramer, president and chief executive officer said, "Bookings for this quarter increased 28% from the June 30, 2009 quarter. Every business segment outpaced its fourth quarter order rate, and we are encouraged that product demand is strengthening. The cost reductions we initiated during the second quarter of fiscal year 2009 contributed to the earnings we are announcing today."

Kramer continued, "During the quarter we repaid $0.6 million on our outstanding debt, made capital expenditures of $2.5 million, and invested $2.9 million in our joint venture in China, Langfang Haobo Diamond Co. Ltd. Finally, cash from operations of over $15 million helped increase our total cash to over $105 million."

Effective July 1, 2009, the Company adopted Noncontrolling Interest in Consolidated Financial Statements - an amendment of ARB No.51 which was retroactively applied to all periods presented. As announced on June 12, 2009, the Company sold its x-ray and gamma-ray radiation sensor business, eV PRODUCTS, Inc., which operated as a business within the Compound Semiconductor Group. Results for the period ended September 30, 2008 reflect the presentation of eV PRODUCTS as a discontinued operation.

[R-BgO]

CVD Diamond Product Line

In addition to the Shareholders' Meeting Results and Board of Director Appointments, the Company is also introducing its new line of chemical vapor deposition (CVD) diamond substrates for the infrared optics (IR) market. For more than 20 years, the Company has been producing CVD zinc selenide (ZnSe) and zinc sulfide (ZnS) for IR optical applications. The Company's expertise in CVD crystal growth accelerated the development program for synthesizing high quality CVD diamond material tailored specifically for optical applications. The Company's Wide Bandgap Materials (WBG) Group's experience with fabricating super-hard silicon carbide (SiC) facilitated the Company's development program for optically finishing our CVD diamond substrates. The Company also has many years of experience in coating customer-supplied diamond substrates with low absorption antireflective and partially reflective coatings for high power laser applications.

Diamond's unique properties provide solutions where other materials are not sufficient. Diamond has superior thermal conductivity for dissipating heat associated with high power lasers and electronics. Diamond's low thermal expansion coefficient and extreme hardness prevents typical mounting stress associated with extreme temperatures. With optical transparency ranging from UV to microwave wavelengths, diamond is ideal for a multitude of optical applications. Other applications where diamond's exceptional properties are beneficial include water treatment, medical dosimetry, high power and high frequency electronic devices, heat sinks and spreaders and surgical instruments.

The introduction of the CVD diamond substrates broadens the Company's diamond materials offerings to now include both optical and industrial grades. On July 1, 2009, the Company announced the formation of a joint venture with Beijing Supower Science and Technology Developing Co., Ltd. The new company, Langfang Haobo Diamond Co., Ltd., will produce industrial grade CVD diamond for cutting and wear applications.

[R-BgO]

II-VI Incorporated Announces Agreement to Acquire Photop Technologies, Inc.

PITTSBURGH, Dec. 28, 2009 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) announced today that it has entered into a definitive agreement to acquire all of the outstanding shares of Photop Technologies, Inc. (Photop). The initial consideration consists of cash of approximately $45.6 million and approximately 1,150,000 shares of II-VI common stock. In addition, the agreement provides for earn-out opportunities based upon Photop achieving certain future financial targets and is subject to customary closing adjustments. The definitive agreement has been approved by the shareholders and Board of Directors of Photop, and the Board of Directors of II-VI. The transaction is scheduled to close during January 2010.

Photop, headquartered in Fuzhou, China with over 3,000 employees, is a vertically-integrated manufacturer of engineered materials, optical components, microchip lasers for visible display applications, and optical modules for use in fiber optic communication networks and other diverse consumer and commercial applications.

"We are excited to partner with Photop to combine efforts and enhance our collective expertise in crystal materials and optics," said Carl J. Johnson, Chairman of II-VI Incorporated. "Led by its strong, experienced and skilled management team, Photop has developed very impressive technology and a robust component product portfolio in the growing photonics markets and offers immediate access to the growing Chinese markets for engineered materials and components, including the optical communications and micro-optics display markets. The combination of II-VI and Photop will benefit our customers, employees and shareholders and will fuel our long-term growth objectives through our stronger presence in China and the rest of the world. Both companies have a passion for technological innovation and close customer engagement, and we look forward to integrating our similar entrepreneurial cultures and achieving future goals together."

Hongrui Wang, Chairman of Photop Technologies, Inc. commented, "We are delighted to team with II-VI Incorporated. We believe that by joining forces with II-VI we will have access to significantly more resources, especially through its VLOC subsidiary and Near-Infrared Optics business, further securing our capabilities on research and product development, sales marketing and manufacturing operations. We are looking forward to a brighter future and greater growth prospects for our company and our employees."

The closing of the acquisition is subject to conditions set forth in the definitive agreement and described in greater detail in the Form 8-K to be filed with the Securities and Exchange Commission. Upon completion of the transaction, II-VI will update guidance for its fiscal year ending June 30, 2010.

Upon the closing of the transaction, Photop will be combined with II-VI's VLOC Incorporated subsidiary and Near-Infrared Optics business for financial reporting purposes. This combined group, along with the Compound Semiconductor Group, will be directed by Dr. Vincent D. (Chuck) Mattera, Jr., Vice President of II-VI, who will be promoted to Executive Vice President of II-VI upon the closing of the transaction.

[R-BgO]

II-VI Q2 Profit Declines; Boosts FY10 View - Update
1/19/2010 9:32 AM ET


(RTTNews) - Tuesday, II-VI Inc. (IIVI: News ), a producer of crystalline compounds, reported a decline in second quarter earnings, hurt in part by expenses related to acquisition. Encouraged by improving order board, the Saxonburg, Pennsylvania headquartered company boosted its outlook for fiscal 2010. In addition, the company also provided its earnings and revenue outlook for third quarter.

For the quarter, net earnings attributable to the company declined to $5.98 million from $8.36 million in the corresponding period last year. Earnings per share was down at $0.20 compared with $0.28 in the same period last year.

Results for the quarter included transaction related expenses attributable to the company's acquisition of Photop Technologies of approximately $1.3 million, after-tax, or about $0.04 per share.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues from continuing operations declined 7% to $68.79 million from $74.3 million in the year-ago quarter, but came in above three Street analysts' estimate of $67.33 million.

Bookings from continuing operations grew 16% to $78.3 million from $67.34 million in the second quarter of last fiscal year

For the six month period, net earnings attributable to the company slid to $12.3 million or $0.41 per share from $25.85 million or $0.85 per share in the same period last year. Revenues from continuing operations decreased 17% to $134.3 million from $162 million in the year-ago period.

Looking ahead to the third quarter, the company currently expects earnings to range between $0.26 and $0.29 per share, while four Street analysts' consensus estimate is $0.25 per share. Revenues for the third quarter is expected to be in a range of $85 million to $87 million. Three analysts' estimates is $78.63 million.

For fiscal year 2010, the company expects earnings per share in a range of $0.97 to $1.03. Analysts expect the company to earn $0.97 per share. Earlier expectation was in a range of $0.85 to $0.95.

Revenues are currently expected in a range of $306 million to $311 million. Wall Street is looking for $305.70 million. Previously, the company was looking for fiscal 2010 revenues in a range of $293 to $305 million.

II-VI said the forecasts include the anticipated results of Photop, the company's recent acquisition completed on January 4, 2010.

[R-BgO]

II-VI Incorporated Signs $40 Million Multi-Year Supply Agreement for Sapphire Windows on the Joint Strike Fighter / F-35 Lightning II

PITTSBURGH, Feb. 11, 2010 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) today announced an agreement between its subsidiary Exotic Electro-Optics and Lockheed Martin (NYSE:LMT) Missiles and Fire Control for the purchase of sapphire windows for the Joint Strike Fighter / F-35 Lightning II stealth fighter's Electro-Optical Targeting System (EOTS). According to the agreement, 100% of the sapphire windows funded under Low Rate Initial Production (LRIP) 3, 4 and 5, will be procured from Exotic Electro-Optics. Terms of the contract were not disclosed. Purchase orders from this agreement will be reflected as bookings based on the II-VI bookings policy of reporting customer orders received that are expected to be converted into revenues during the next 12 months.

Francis J. Kramer, President and Chief Executive Officer of II-VI Incorporated, said "This agreement reflects our commitments to large format sapphire windows for Intelligence, Surveillance and Reconnaissance (ISR) applications, and to the JSF Program. It is the result of significant manufacturing technology development achieved through many years of hard work and collaboration with the Lockheed Martin team. The Joint Strike Fighter program is reaching a critical phase and production requirements will begin to increase rapidly. This agreement underscores our ability and desire to support the increased demand."