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II-VI Incorporated (Nasdaq: IIVI), a leader in imaging optics, has launched its new diffraction-limited apochromatic objective lenses for fluorescence imaging. These lenses offer subwavelength surface regularity and high optical transmission, addressing the increasing demand from life sciences instruments like flow cytometers and DNA sequencers. The lenses will support next-generation instrumentation and are manufactured in ISO-certified facilities across the globe. II-VI will present its products at the SPIE BiOS Digital Marketplace from March 6-11, 2021.
II-VI Incorporated (Nasdaq:IIVI) reported a record fiscal Q2 2021 revenue of $786.6 million, an 18% increase year-over-year. The company achieved an all-time record cash flow from operations of $221 million and a free cash flow of $175.8 million. GAAP EPS reached $0.73, while Non-GAAP EPS was $1.08. II-VI's backlog hit $1.08 billion, reflecting a book-to-bill ratio of 1.17. Additionally, net debt leverage decreased to 0.9x from 1.3x.
Optimistic about future prospects, the company also raised its synergy target from the Finisar acquisition to $200 million, twelve months ahead of schedule.
II‐VI Incorporated (Nasdaq: IIVI) has launched its advanced double-junction vertical cavity surface-emitting laser (VCSEL) arrays, enhancing 3D sensing capabilities in electronics and automotive sectors. These VCSEL arrays, featuring a power conversion efficiency of 56%, offer significant benefits such as increased range, lower power consumption, and compact design. The arrays are optimized for production on II-VI's 6-inch platform and can be integrated with diffractive optical elements for improved performance. The company will showcase its innovations at the SPIE Photonics West Digital Forum scheduled for March 6-11, 2021.
II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, will host a live webcast and conference call on February 9, 2021, at 9:00 a.m. EST. The call will follow the release of the Company’s second-quarter results, set to be published before market opening on the same day.
Participants can access the webcast via the Company’s website. For those wishing to join the call, U.S. participants can dial (877) 316-5288, while international participants can call (734) 385-4977, entering ID number 2356795.
II-VI Incorporated (Nasdaq: IIVI) announced its recognition at the ODC 2020 awards in Beijing, China. The company achieved the #3 rank among the 'Top 10 competitiveness enterprises' in the global optical components market for 2020 and was ranked #8 in brand competitiveness in China's optical communications sector. With significant manufacturing and R&D operations across various Chinese cities, II-VI reinforces its position as a leader in optoelectronic devices and micro-optics, supporting diverse applications from telecommunications to aerospace.
II-VI Incorporated (Nasdaq: IIVI) will present at the 23rd Annual Needham Growth Conference on January 12, 2021, from 1:15 p.m. to 1:55 p.m. ET. This virtual event features key participants including Dr. Chuck Mattera, CEO, and Mary Jane Raymond, CFO.
Investors can access the live audio webcast via the II-VI Investors section on their website. A recording will also be available afterward. II-VI is a leader in engineered materials and optoelectronic components, serving diverse markets globally.
II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, is set to present at the 19th Annual J.P. Morgan Tech/Auto Forum during the 2021 International Consumer Electronics Show. Date: January 12, 2021, Time: 7:05 p.m. – 7:35 p.m. EST, Location: Virtual. Key participants include Dr. Chuck Mattera, CEO, and Mary Jane Raymond, CFO. A real-time audio webcast will be available on the company’s website, with a replay following the event.
II-VI and Coherent Inc. announced a new supply agreement to enhance automotive laser welding processes. This collaboration combines II-VI's advanced laser processing heads with Coherent's ARM fiber laser technology, aiming for faster production and improved weld quality in automotive applications. The integration promises a constant laser power level of up to 8 kW, effectively addressing challenges in welding reflective materials like aluminum and copper. Additionally, customers will benefit from a streamlined development process through a single point of contact for welding systems.
