II-VI Incorporated

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

II-VI Incorporated (IIVI) CEO Chuck Mattera on Q4 2020 Results - Earnings Call Transcript

II-VI (IIVI) delivered earnings and revenue surprises of 51.28% and 3.71%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

II-VI (IIVI) Surpasses Q4 Earnings and Revenue Estimates

PITTSBURGH, Aug.  12, 2020  (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it has entered into a definitive agreement to acquire all the outstanding shares of Ascatron AB, a leader in silicon carbide (SiC) epitaxial wafers and devices for power electronics. II-VI also announced that it will acquire all the outstanding interests of the owners of the parent of INNOViON Corporation, a leader in ion implantation technology for silicon and compound semiconductor devices. Both transactions are scheduled to close by the end of calendar year 2020. 

II-VI Incorporated to Acquire Ascatron and Outstanding Interests in INNOViON for Vertically Integrated Silicon Carbide Power Electronics Technology Platform

II-VI (NASDAQ: IIVI) announces its next round of earnings this Thursday, August 13.

Earnings Outlook For II-VI

II-VI's (IIVI) Q4 earnings are likely to have gained from the solid product demand across key end markets, the Finisar buyout and its strong sales channels, particularly in the transceiver market.

II-VI (IIVI) to Report Q4 Earnings: What's in the Offing?

PITTSBURGH, Aug.  06, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of optical test and measurement equipment, today announced that its WaveShaper® and WaveAnalyzer™ instruments played a key role in enabling field testing of the first live network trial of 800 Gbps transmission on a single channel at Windstream, a leading provider of advanced network communications.

II-VI Incorporated’s WaveShaper and WaveAnalyzer Enable Field Testing of Windstream’s First 800G Live Network Trial

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II-VI (IIVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for II-VI (IIVI): Will It Gain?

PITTSBURGH, July  29, 2020  (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will participate in the following event:

II-VI Incorporated to be Featured on Cowen’s Networking Leaders, Legends, Luminaries, and Visionaries: Fireside Chat Series

PITTSBURGH, July  27, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in high-power semiconductor lasers, today announced that it has won the Strategic Supplier Award from Shenzhen Xinghan Laser Technology Co. Ltd.

II-VI Incorporated Wins Strategic Supplier Award from Shenzhen Xinghan Laser Technology

II-VI has been struggling lately, but the selling pressure may be coming to an end soon.

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II-VI (IIVI) prices its previously mentioned common and preferred share offerings. It intends on using the proceeds and cash on hand to pay down debts and fund corporate needs.

II-VI Prices $800M Worth Common & Preferred Stock Offerings

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Surprising many economists and financial experts, U.S. manufacturing again expanded in June despite the resurgence of COVID-19 cases in several states.

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PITTSBURGH, July  02, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of high-power laser solutions for advanced materials processing, today announced that it has won the Top External Provider 2019 Award from Valiant TMS.

II-VI Incorporated Wins Top External Provider 2019 Award from Valiant TMS

PITTSBURGH, July  02, 2020  (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced the pricing of concurrent underwritten public offerings of (a) 9,302,235 shares of its common stock at a public offering price of $43.00 per share for gross proceeds to II-VI from the offering of approximately $400,000,000, before deducting the underwriting discounts and commissions and estimated offering expenses payable by II-VI (the “common stock offering”) and (b) 2,000,000 shares of its Series A Mandatory Convertible Preferred Stock at a public offering price of $200.00 per share for gross proceeds to II-VI from the offering of $400,000,000, before deducting the underwriting discounts and commissions and estimated offering expenses payable by II-VI (the “preferred stock offering”). In addition, II-VI has granted the underwriters a 30-day option to purchase up to an additional (a) 1,395,335 shares of its common stock at the applicable public offering price, less underwriting discounts and commissions, and (b) 300,000 shares of Series A Mandatory Convertible Preferred Stock at the applicable public offering price, less underwriting discounts and commissions and solely to cover over-allotments with respect to the preferred stock offering. Each of the common stock offering and the preferred stock offering is expected to close on or about July 7, 2020, subject to the satisfaction of customary closing conditions.

II-VI Incorporated Announces Pricing of Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

II-VI (IIVI) offers common and convertible preferred stocks to the public. It intends on using the funds raised to pay down debts and fund corporate needs.

II-VI Offers $350M Common & $400M Preferred Stocks to Public

PITTSBURGH, July  01, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of optical test and measurement equipment, today extended its WaveShaper® Programmable Optical Processors product line for operation in the optical communications S- and extended L-bands.

II-VI Incorporated Extends WaveShaper Programmable Optical Processor Product Line for Operation in the S- and Extended L-Bands

PITTSBURGH, June  30, 2020  (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it has commenced concurrent underwritten public offerings of $350.0 million of newly issued shares of its common stock (the “common stock offering”) and of $400.0 million aggregate liquidation preference of a newly established Series A Mandatory Convertible Preferred Stock (the “preferred stock offering”). In addition, II-VI expects to grant the underwriters of the offerings a 30-day option to purchase up to an additional (a) $52.5 million of shares of its common stock at the applicable public offering price, less underwriting discounts and commissions, and (b) $60.0 million aggregate liquidation preference of its Series A Mandatory Convertible Preferred Stock at the applicable public offering price, less underwriting discounts and commissions, solely to cover over-allotments. Neither the completion of the common stock offering nor the completion of the preferred stock offering is contingent on the completion of the other. The offerings are subject to market and other conditions, and there can be no assurance as to whether or when either or both of the offerings may be completed, or as to the actual size or terms of either of the offerings.

II-VI Incorporated Announces Proposed Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

II-VI: Growth At A Reasonable Price

PITTSBURGH, June  29, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE: GE) to license GE's technology to manufacture silicon carbide (SiC) devices and modules for power electronics.  

UPDATED - II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics

PITTSBURGH, June  29, 2020  (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE: GE) to license technology to manufacture silicon carbide (SiC) devices and modules for power electronics.  

II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics

II-VI Incorporated (IIVI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

News for II-VI Incorporated Stock (IIVI)