II-VI Q4 Earnings Rise, Beat Estimates - Quick Facts

(RTTNews) - II-VI Inc. (IIVI) Tuesday reported a rise in its fourth-quarter net earnings attributable to the company of $12.65 million or $0.20 per share from $10.02 million or $0.16 per share a year ago. Earnings beat the consensus estimates by a penny. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.19 for the quarter. Analysts' estimates typically exclude special items. Revenues climbed 22 percent to $187.9 million from $154.1 million in the fourth quarter of last fiscal year, while analysts estimated revenue of $183.90 million. Commenting on the results, Francis Kramer, the group's Chief Executive said: "... Our Infrared Optics segment was at the forefront of this improvement with good bookings and revenue growth, including at our HIGHYAG business unit which experienced strong demand for laser welding heads and beam delivery systems for the fiber laser and direct diode laser markets." For the first fiscal quarter, the company expects earnings per share from continuing operations in the range of $0.14 - $0.20 and revenues from continuing operations to be $170 million - $185 million. Analysts forecast earnings per share of $0.22 on revenues of $192.81 million.