| II-VI Incorporated and Subsidiaries | ||||||||||
| Condensed Consolidated Statements of Earnings (Unaudited) | ||||||||||
| ($000 except per share data) | ||||||||||
| Three Months Ended | ||||||||||
| June 30, | March 31, | June 30, | ||||||||
| 2022 | 2022 | 2021 | ||||||||
| Revenues | $ | 886,962 | $ | 827,724 | $ | 808,006 | ||||
| Costs, Expenses & Other Expense (Income) | ||||||||||
| Cost of goods sold | 560,930 | 506,051 | 510,213 | |||||||
| Internal research and development | 95,917 | 96,895 | 83,768 | |||||||
| Selling, general and administrative | 115,862 | 118,009 | 116,832 | |||||||
| Interest expense | 48,502 | 43,499 | 14,066 | |||||||
| Other expense (income), net | 16,768 | 241 | (10,124 | ) | ||||||
| Total Costs, Expenses, & Other Expense (Income) | 837,979 | 764,695 | 714,755 | |||||||
| Earnings Before Income Taxes | 48,983 | 63,029 | 93,251 | |||||||
| Income Taxes | 5,347 | 14,027 | 10,957 | |||||||
| Net Earnings | $ | 43,636 | $ | 49,002 | $ | 82,294 | ||||
| Less: Dividends on Preferred Stock | 17,291 | 17,148 | 16,878 | |||||||
| Net Earnings available to the Common Shareholders | $ | 26,345 | $ | 31,854 | $ | 65,416 | ||||
| Basic Earnings Per Share | $ | 0.25 | $ | 0.30 | $ | 0.62 | ||||
| Diluted Earnings Per Share | $ | 0.23 | $ | 0.28 | $ | 0.59 | ||||
| Average Shares Outstanding - Basic | 106,520 | 106,323 | 104,957 | |||||||
| Average Shares Outstanding - Diluted | 116,821 | 116,949 | 116,225 | |||||||
II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
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