| II-VI Incorporated and Subsidiaries | ||||||||||
| Condensed Consolidated Statements of Earnings (Unaudited) | ||||||||||
| ($000 except per share data) | ||||||||||
| Year Ended | ||||||||||
| June 30, | June 30, | |||||||||
| 2019 | 2018 | |||||||||
| Revenues | $ | 1,362,496 | $ | 1,158,794 | ||||||
| Costs, Expenses & Other Expense (Income) | ||||||||||
| Cost of goods sold | 841,147 | 696,591 | ||||||||
| Internal research and development | 139,163 | 116,875 | ||||||||
| Selling, general and administrative | 233,518 | 208,565 | ||||||||
| Interest expense | 22,417 | 18,352 | ||||||||
| Other expense (income), net | (2,562 | ) | (3,783 | ) | ||||||
| Total Costs, Expenses, & Other Expense (Income) | 1,233,683 | 1,036,600 | ||||||||
| Earnings Before Income Taxes | 128,813 | 122,194 | ||||||||
| Income Taxes | 21,296 | 34,192 | ||||||||
| Net Earnings | $ | 107,517 | $ | 88,002 | ||||||
| Diluted Earnings Per Share | $ | 1.63 | $ | 1.35 | ||||||
| Basic Earnings Per Share | $ | 1.69 | $ | 1.41 | ||||||
| Average Shares Outstanding - Diluted | 65,804 | 65,133 | ||||||||
| Average Shares Outstanding - Basic | 63,584 | 62,499 | ||||||||
II-VI Incorporated Reports Fiscal 2019 Fourth Quarter and Full Year Results
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