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)  
                     
    Six Months Ended  
    December 31,     December 31,  
    2019     2018  
           
Revenues $ 1,006,740  $ 657,272 
           
Costs, Expenses & Other Expense (Income)          
Cost of goods sold   735,260    401,859 
Internal research and development   143,820    66,935 
Selling, general and administrative     224,713         111,659  
Interest expense       35,358         11,164  
Other expense (income), net       5,566         (1,414 )
Total Costs, Expenses, & Other Expense (Income)       1,144,717         590,203  
                     
Earnings (Loss) Before Income Taxes       (137,977 )       67,069  
                     
Income Taxes       (13,766 )       12,218  
                     
Net Earnings (Loss)   $   (124,211 )   $   54,851  
                     
Diluted Earnings (Loss) Per Share   $   (1.58 )   $   0.83  
                     
Basic Earnings (Loss) Per Share   $   (1.58 )   $   0.86  
                     
Average Shares Outstanding  - Diluted       80,332         65,916  
Average Shares Outstanding  - Basic       78,428         63,504  
                     

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