II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results

*Amounts may not recalculate due to rounding.

Table 8     
Example EPS Calculations (1)
$ Millions     
  Hypothetical Earnings Level for Q1 FY23
Non-GAAP net earnings$145.0  $155.0  $165.0 
Deduct Series A preferred stock dividends (6.9   –    – 
Deduct Series B redeemable preferred dividends (28.7)  (28.7)  (28.7)
Add back interest on II-VI Convertible Notes 0.4   0.4   0.4 
Non-GAAP net earnings available to common shareholders$109.8  $126.7  $136.7
 
Diluted weighted average common shares 142.3
   151.2
     151.2
 
Diluted earnings per common share on non-GAAP basis $ 0.77     $ 0.84
    $ 0.90
 

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