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 (IIVI) delivered earnings and revenue surprises of 5.75% and 1.15%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

II-VI (IIVI) Beats Q2 Earnings Estimates

II-VI Inc IIVI reported second-quarter FY22 revenue growth of 2.6% year-on-year to $806.8 million, missing the consensus of $816.97 million. Segments: Photonic Solutions revenue increased 8.7% Y/Y to $525 million.

II-VI Shares Drop On Q2 Earnings Miss, Weaker Outlook; Provides Update On Coherent

PITTSBURGH, Feb. 09, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) ("II-VI," “We” or the "Company") today reported results for its fiscal 2022 second quarter ended December 31, 2021.

II-VI Incorporated Reports Fiscal 2022 Second Quarter Results

The world's first 400G digital coherent optics in a pluggable QSFP-DD form factor with 0 dBm output power is honored by Lightwave Innovation Reviews The world's first 400G digital coherent optics in a pluggable QSFP-DD form factor with 0 dBm output power is honored by Lightwave Innovation Reviews

II-VI Incorporated Ships 400G ZR+ QSFP-DD-DCO Transceivers to Windstream Wholesale

Element Six's single-crystal diamond technology will complement II-VI's proprietary polycrystalline diamond platform to deliver a broader range of differentiated solutions across all II-VI's end markets Element Six's single-crystal diamond technology will complement II-VI's proprietary polycrystalline diamond platform to deliver a broader range of differentiated solutions across all II-VI's end markets

II-VI Incorporated Licenses Single-Crystal Diamond Technology from Element Six to Enable Disruptive Applications in New Markets

II-VI (IIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate II-VI (IIVI) to Report a Decline in Earnings: What to Look Out for

PITTSBURGH, Jan. 27, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that it has pledged $100,000 over the next five years to the new Women in Optics (WiO) scholarship program recently launched by the Optica Foundation, Inc.

II-VI Incorporated Pledges $100,000 to the Optica Foundation's Women in Optics Scholarship Program

PITTSBURGH, Jan. 26, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Wednesday, February 9, 2022, at 9:00 a.m. EST. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors.

II-VI Incorporated to Webcast FY 2022 Second-Quarter Conference Call

PITTSBURGH, Jan. 20, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in high-power semiconductor lasers, today announced that it received the Excellent Supplier Award 2021 from Shenzhen Han's Laser Diodes Technology.

II-VI Incorporated Wins Excellent Supplier Award from Han's Laser

II-VI has strong earnings momentum moving forward.

II-VI: Even Easier Buy Than Before

PITTSBURGH, Jan. 07, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:

II-VI Incorporated to Present at the 24th Annual Needham Growth Conference

Raymond James analyst Simon Leopold upgraded II-VI Inc (NASDAQ: IIVI) to Outperform from Market Perform with a price target of $77. The price target implies a 12.7% upside.

II-VI Shares Gain Steam As Raymond James Upgrades Stock

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From 2022, the company will invest $1 billion in the silicon carbide (SiC) market, which has an expected growth rate of 50% from 2020 to 2030. This is an excellent growth driver that will provide stable organic revenue growth over the long term.

II-VI: Mr. Market Overlooked The Market Potential

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Morgan Stanley analyst Meta Marshall upgraded II-VI, Inc (NASDAQ:IIVI) from Equal-weight to Overweight with a price target of $82, up from $80, implying 26.4% upside. Marshall believes that the pullback in valuation over the last year (down ~12% YTD and ~26% since initial COHR announcement) and current multiple (~17-18x CY23 P/E) is too pessimistic around Coherent Inc (NASDAQ: COHR) transaction risks and recent 3D sensing results.

Read Why Morgan Stanley Sees 26% Upside In II-VI

PITTSBURGH, Dec. 10, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) (the “Company” or “II-VI”) announced today the completion of its previously announced offering of $990 million aggregate principal amount of 5.000% senior notes due 2029 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes are guaranteed by each of the Company's domestic subsidiaries that guarantee its existing credit agreement.

II-VI Incorporated Announces the Closing of $990 Million Notes Offering and Completed Syndication of $4.0 Billion Senior Secured Credit Facilities

PITTSBURGH, Dec. 02, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) (the “Company” or “II-VI”) announced today that it plans to offer $990 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes will be guaranteed by each of the Company's material wholly owned domestic subsidiaries, subject to customary exceptions.

II-VI Incorporated Announces Proposed $990 Million Notes Offering

PITTSBURGH, Nov. 23, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that Dr. Julie Sheridan Eng and Chris Cole have been elected by the Optica Board of Directors to its 2022 Fellows Class. Julie is Senior Vice President & General Manager, Optoelectronic Devices & Modules Business Unit, for II-VI, and Chris is II-VI Adviser.

II-VI Incorporated Congratulates Dr. Julie Eng and Chris Cole as Optica Fellows

PITTSBURGH, Nov. 10, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:

II-VI Incorporated to Present at the Needham Virtual Security, Networking, & Communications Conference

II-VI Incorporated (IIVI) CEO Chuck Mattera on Q1 Fiscal 2022 results - Earnings Call Transcript

II-VI Inc (NASDAQ: IIVI) reported first-quarter FY22 revenue growth of 9% year-on-year to $795.1 million, missing the consensus of $808.6 million. Segments: Photonic Solutions revenue increased 7.7% Y/Y to $536 million.

II-VI Reports Mixed Q1 Results, Sees Q2 Revenue Below Consensus

II-VI (IIVI) delivered earnings and revenue surprises of 4.82% and -1.92%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

II-VI (IIVI) Q1 Earnings Beat Estimates

Approaching $1B Quarterly Bookings While Investing for Increasing Market Demand Approaching $1B Quarterly Bookings While Investing for Increasing Market Demand

News for II-VI Incorporated Stock (IIVI)