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


Table 2           
Segment Revenues, GAAP Operating Income (Loss) & Margin, and
Non-GAAP Operating Income (Loss) & Margin* 
$ Millions, except %           
(Unaudited)  Three Months Ended   Year Ended
   Jun 30,  Mar 31,  Jun 30,   Jun 30,  Jun 30,
    2022    2022    2021     2022    2021 
Revenues:           
Photonic Solutions $597.4  $567.8  $549.7   $2,226.2  $2,038.3 
Compound Semiconductors  289.6   259.9   258.3       1,090.4       1,067.6  
Unallocated and Other                                
Consolidated   $ 887.0     $ 827.7     $ 808.0       $ 3,316.6     $ 3,105.9  
                       
GAAP Operating Income (Loss):                      
Photonic Solutions   $ 69.2     $ 54.6     $ 60.5       $ 230.1     $ 207.7  
Compound Semiconductors     51.4       61.8       47.7         220.1       221.2  
Unallocated and Other     (6.4 )     (9.6 )     (11.1 )       (35.9 )     (26.8 )
Consolidated   $ 114.2     $ 106.8     $ 97.1       $ 414.3     $ 402.1  
                       
Non-GAAP Operating Income:                      
Photonic Solutions   $ 91.7     $ 81.8     $ 87.4       $ 334.4     $ 324.3  
Compound Semiconductors     76.9       90.2       61.1         315.8       277.2  
Unallocated and Other                                
Consolidated   $ 168.6     $ 172.0     $ 148.5       $ 650.2     $ 601.5  
                       
GAAP Operating Margin:                      
Photonic Solutions     11.6%       9.6%       11.0%         10.3%       10.2%  
Compound Semiconductors     17.7%       23.8%       18.5%         20.2%       20.7%  
Consolidated     12.9%       12.9%       12.0%         12.5%       12.9%  
                       
Non-GAAP Operating Margin:                      
Photonic Solutions     15.3%       14.4%       15.9%         15.0%       15.9%  
Compound Semiconductors     26.6%       34.7%       23.7%         29.0%       26.0%  
Consolidated     19.0%       20.8%       18.4%         19.6%       19.4%  

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