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.

Shares of II-VI (NASDAQ:IIVI) decreased 1.5% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 93.62% year over year to $0.91, which beat the estimate of $0.88.

II-VI: Q3 Earnings Insights

PITTSBURGH, May 06, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) ("II-VI," “We” or the "Company") today reported results for its fiscal 2021 third quarter ended March 31, 2021.

II-VI Incorporated Reports Fiscal 2021 Third Quarter Results

II-VI's (IIVI) Q3 results are likely to reflect benefits from solid demand, gains from acquired assets and healthy backlog. However, any rise in costs and expenses is expected to have ailed.

II-VI (IIVI) to Report Q3 Earnings: What's in the Offing?

Apple

Apple. Inc.'s (NASDAQ: AAPL) flagship product — the iPhone — earned more than half of the company's total revenues in the fiscal year second quarter. It's no wonder the company is pulling out all stops to ensure a continued supply of components that go into this key product.

Apple Is Funding II-VI To Accelerate Delivery of iPhone Components: What You Need to Know

Shares of II-VI Inc. bounced 4.6% in premarket trading Wednesday, putting it on track to snap a seven-session losing streak, after Apple Inc. said it awarded the optical technology company an additional $410 million from its Advanced Manufacturing Fund. That more than doubles the total award to II-VI, after an initial $390 million award in 2017.

II-VI stock bounces after Apple more than doubles awards from manufacturing fund

CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced a new $410 million award from its Advanced Manufacturing Fund for II-VI, a leading manufacturer of optical technology. Today's award builds on an initial $390 million awarded from Apple's Advanced Manufacturing Fund in 2017. The expansion of the company's long-standing relationship will create additional capacity and accelerate delivery of future components for iPhone®, with 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsy

Apple Awards an Additional $410 Million from its Advanced Manufacturing Fund to II-VI

II-VI (IIVI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

II-VI (IIVI) Reports Next Week: Wall Street Expects Earnings Growth

II-VI invited to present at Battery 500 Consortium workshop on next-generation lithium metal batteries II-VI invited to present at Battery 500 Consortium workshop on next-generation lithium metal batteries

II-VI Incorporated Introduces Lithium-Sulfur/Selenium Cathode Technology for High-Energy and High-Power Lithium-Ion Batteries

II-VI (IIVI) closed the most recent trading day at $77.85, moving -0.03% from the previous trading session.

II-VI (IIVI) Stock Sinks As Market Gains: What You Should Know

PITTSBURGH, April 23, 2021 (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 Thursday, May 6, 2021 at 9:00 a.m. EDT. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive Officer, Mary Jane Raymond, Chief Financial Officer, and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors.

II-VI Incorporated to Webcast FY 2021 Third-Quarter Conference Call

PITTSBURGH, April 23, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today inaugurated the II-VI Technology and R&D Center in Shanghai, China. A grand opening ceremony was held with speakers, live entertainment, and facility tours.

II-VI Incorporated Inaugurates Technology and R&D Center in Shanghai

Demonstrated scandium recovery from bauxite residues in industrial waste streams for new aluminum scandium alloys, additive manufacturing wires, and green energy infrastructure. Demonstrated scandium recovery from bauxite residues in industrial waste streams for new aluminum scandium alloys, additive manufacturing wires, and green energy infrastructure.

II-VI Incorporated and MYTILINEOS S.A. Demonstrate Transformation of Waste Streams into Eco-Friendly and Economical Sources of Rare Earth Metals

PITTSBURGH, April 21, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it has partnered with the World Economic Forum as a member of the Advanced Manufacturing & Production Platform.

II-VI Incorporated Partners with the World Economic Forum

As of late, it has definitely been a great time to be an investor in II-VI Incorporated (IIVI).

II-VI Incorporated's (IIVI) Shares March Higher, Can It Continue?

PITTSBURGH, April 15, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it has expanded its silicon carbide (SiC) wafer finishing manufacturing footprint in China to serve the largest worldwide market for electric vehicles (EVs) and for clean energy applications.

II-VI Incorporated Expands Silicon Carbide Manufacturing Footprint for Power Electronics in Electric Vehicles and Clean Energy Applications

II-VI (IIVI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can II-VI (IIVI) Keep the Earnings Surprise Streak Alive?

Acquisitions in the laser industry occur frequently and we can learn from the past to make assumptions about II-VI's success to turn their largest acquisition yet into a success. We look at the industry's revenue, EBITDA, and operating margins and how they behaved and how the acquisitions influenced them.

II-VI: The Largest Pure-Play Laser Company In The Industry Has To Digest A Lot

The IBD SmartSelect Composite Rating for II-VI increased from 93 to 96 Friday. The post Top-Rated Stocks: II-VI Sees Composite Rating Climb To 96 appeared first on Investor's Business Daily.

Top-Rated Stocks: II-VI Sees Composite Rating Climb To 96

Down 35% from recent highs, the laser photonics specialist just won a bidding war for Coherent.

Why II-VI Is the Stock I'm Most Excited to Buy in April

Coherent Corp

NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Coherent, Inc. ("Coherent" or the "Company") (NASDAQ: COHR) in connection with the proposed acquisition of the Company by II-VI Incorporated ("IIVI") (NASDAQ: IIVI).  Under the terms of the merger agreement, IIVI will acquire Coherent in a mixed cash-and-stock transaction, pursuant to which Coherent shareholders will receive $220.00 in cash and 0.91 shares of IIVI common stock for each Coherent share that they own, representing implied per-share merger consideration of approximately $280.59 based upon IIVI's March 30, 2021 closing price of $66.58.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Coherent, Inc.

II-VI Incorporated (Nasdaq: IIVI) announced it is entering into a definitive agreement with Coherent, Inc. (Nasdaq: COHR) in a $6.3 billion deal. These are the details.

Coherent (COHR) Merging With II-VI (IIVI) In $6.3 Billion Deal

Lumentum goes home with a $218 million breakup fee, while competing bidder MKS Instruments never had a signed deal.

Coherent Will Merge With II-VI in a $6.3 Billion Deal

Coherent Inc. (NASDAQ: COHR) agreed to a buyout offer worth £5.10 billion from II-VI Inc (NASDAQ: IIVI) on Thursday. The announcement scratched the merger deal with Lumentum Holdings Inc. that Coherent had signed weeks ago.

Coherent Inc. agrees to II-VI's buyout offer worth £5.10 billion

$250 million in annual cost synergies expected to be realized within 36 months of closing Anticipated to be accretive to Non-GAAP EPS in second year following closing

II-VI Incorporated to Acquire Coherent, Creating Global Leader in Photonic Solutions, Compound Semiconductors, and Laser Technology and Systems

Laser technology company Coherent said Thursday that it has agreed to a cash-and-stock buyout deal from engineered materials and optoelectronic components maker II-VI . Under terms of the deal, each share of Coherent common stock will be exchanged for $220 in cash and 0.91 of a share of II-VI stock at the deal's completion, expected in the fourth quarter of 2021.

News for II-VI Incorporated Stock (IIVI)