II-VI Incorporated Reports Fiscal 2020 Second Quarter Results


  
II-VI Incorporated and Subsidiaries  
Condensed Consolidated Statements of Earnings (Loss) (Unaudited)  
($000 except per share data)  
                               
    Three Months Ended  
    December 31,     September 30,     December 31,  
    2019     2019     2018  
                
Revenues $ 666,331  $ 340,409  $ 342,839 
                
Costs, Expenses & Other Expense (Income)                 
Cost of goods sold       517,991         217,269         211,333  
Internal research and development       107,700         36,120         33,764  
Selling, general and administrative       119,218         105,495         58,136  
Interest expense       28,390         6,968         5,580  
Other expense (income), net       487         5,079         (701 )
Total Costs, Expenses, & Other Expense (Income)       773,786         370,931         308,112  
                               
Earnings (Loss) Before Income Taxes       (107,455 )       (30,522 )       34,727  
                               
Income Taxes       (9,242 )       (4,524 )       6,025  
                               
Net Earnings (Loss)   $   (98,213 )   $   (25,998 )   $   28,702  
                               
Diluted Earnings (Loss) Per Share   $   (1.08 )   $   (0.39 )   $   0.44  
                               
Basic Earnings (Loss) Per Share   $   (1.08 )   $   (0.39 )   $   0.45  
                               
Average Shares Outstanding  - Diluted       93,008         65,969         65,673  
Average Shares Outstanding  - Basic       90,886         65,969         63,588  
                               

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