| 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 | ||||||||||||
II-VI Incorporated Reports Fiscal 2020 Second Quarter Results
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