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