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II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, will present at the 20th Annual J.P. Morgan Tech/Auto Forum on January 5, 2022, during the 2022 International CES. The presentation, featuring Dr. Giovanni Barbarossa, Chief Strategy Officer, is scheduled for 4:35 p.m. ET and will be conducted virtually. Investors can access a real-time audio webcast through the II-VI website, with a replay available post-event.
II-VI Incorporated (Nasdaq: IIVI) has completed the offering of $990 million in 5.000% senior notes due 2029, exempt from Securities Act registration. The notes will bear interest at 5.000% annually, with payments starting June 15, 2022. Additionally, the company has priced $850 million in Term Loan A and $2,800 million in Term Loan B facilities, which will support its anticipated acquisition of Coherent, Inc. The notes and related guarantees are not registered under the Act and will only be offered to qualified institutional buyers.
II-VI Incorporated (Nasdaq: IIVI) announced plans to offer $990 million of senior notes due 2029 in a private transaction to fund its business combination with Coherent, Inc. The notes will be guaranteed by the company’s material wholly owned domestic subsidiaries and are exempt from the registration requirements of the Securities Act. Proceeds will finance cash considerations and repay certain debts. Completion of the offering is not assured. This announcement aligns with II-VI's strategy to strengthen its financial position amidst the pending acquisition.
II-VI Incorporated (Nasdaq: IIVI) announced the election of Dr. Julie Sheridan Eng and Chris Cole to the 2022 Optica Fellows Class. This honor recognizes their significant contributions to optics and photonics. Dr. Eng, as Senior VP and GM, has advanced technologies in fiber-optic transceivers and 3D sensing. Chris Cole is recognized for his pioneering work on high-speed optical interfaces. II-VI's CEO, Dr. Vincent D. Mattera, Jr., praised their leadership and impact on the industry, highlighting their roles in supporting business growth in communications and sensing applications.
II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, will present at the Needham Virtual Security, Networking, & Communications Conference on November 16, 2021, at 3:00 p.m. ET. Key participants include Dr. Giovanni Barbarossa, Chief Strategy Officer, and Mary Jane Raymond, Chief Financial Officer. A live audio webcast will be accessible on their Investors page, with a replay available post-event.
Windstream Wholesale is expanding its 400 Gigabit wave offerings to meet increasing demand for high-bandwidth solutions. With over 30 sites already in service, this enhancement aims to provide cost-effective solutions for large wholesale and hyperscale customers. The company has established leadership in ultra-fast optical transmission and successfully demonstrated 400 Gig client-side services in April 2020. Additionally, a partnership with II-VI Incorporated focuses on developing next-gen transceivers to reduce costs and simplify network deployment.
II-VI reported record bookings of $939 million, a 43% increase year-over-year, alongside revenues of $795 million, which grew by 9%.
GAAP net earnings reached $75 million, with GAAP EPS at $0.50 (up 32% year-over-year). Non-GAAP EPS was $0.87, representing a 4% increase. The company has a record backlog of $1.4 billion. Looking ahead, II-VI expects Q2 revenue between $790 million and $840 million, with non-GAAP EPS guidance of $0.75 to $0.95.
II-VI, a leader in wide-bandgap compound semiconductors, has been selected by Dongguan Tianyu Semiconductor Technology as the primary partner for supplying 150 mm SiC substrates for power electronics. This partnership is driven by the growing demand for SiC technology in electric vehicles, renewable energy, and smart grids. II-VI's global production capacity will support Tianyu's requirements, aligning with future developments in 200 mm substrates. This collaboration highlights II-VI's commitment to advancing SiC solutions, which also contribute to significant reductions in carbon emissions and energy usage.
II-VI Incorporated (Nasdaq: IIVI) announced its participation in the ECOC Virtual Exhibition from November 1-3, showcasing its optical communication solutions. The company's booth will feature telecom and datacom components, including the award-winning 400G QSFP-DD coherent pluggable module. Chief Marketing Officer Sanjai Parthasarathi will present on November 3, discussing optical communications for satellite networking. The event offers registered attendees access to various presentations and the virtual booth to explore II-VI's innovations in the industry.
II-VI Incorporated (Nasdaq: IIVI) will host a live webcast and conference call on November 9, 2021, at 9:00 a.m. EST to discuss its first-quarter results for FY 2022. The earnings report will be available before market open on the same day. Key executives, including CEO Dr. Vincent D. (Chuck) Mattera, will lead the session. Participants can join the call by dialing the provided numbers and entering a confirmation code. A replay will also be available until November 12, 2021. For more details, visit www.ii-vi.com/investor-relations.
