| II-VI Incorporated and Subsidiaries | ||||||||
| Condensed Consolidated Statements of Earnings (Unaudited) | ||||||||
| ($000 except per share data) | ||||||||
| Year Ended | ||||||||
| June 30, | June 30, | |||||||
| 2022 | 2021 | |||||||
| Revenues | $ | 3,316,616 | $ | 3,105,891 | ||||
| Costs, Expenses & Other Expense (Income) | ||||||||
| Cost of goods sold | 2,051,120 | 1,928,432 | ||||||
| Internal research and development | 377,106 | 330,105 | ||||||
| Selling, general and administrative | 474,096 | 445,235 | ||||||
| Interest expense | 121,254 | 59,899 | ||||||
| Other expense (income), net | 11,233 | (10,370 | ) | |||||
| Total Costs, Expenses, & Other Expense (Income) | 3,034,809 | 2,753,301 | ||||||
| Earnings Before Income Taxes | 281,807 | 352,590 | ||||||
| Income Taxes | 47,048 | 55,038 | ||||||
| Net Earnings | $ | 234,759 | $ | 297,552 | ||||
| Less: Dividends on Preferred Stock | 68,225 | 37,231 | ||||||
| Net Earnings available to the Common Shareholders | 166,534 | 260,321 | ||||||
| Basic Earnings Per Share | $ | 1.57 | $ | 2.50 | ||||
| Diluted Earnings Per Share | $ | 1.45 | $ | 2.37 | ||||
| Average Shares Outstanding - Basic | 106,189 | 104,151 | ||||||
| Average Shares Outstanding - Diluted | 116,513 | 115,034 | ||||||
II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
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