•
Jun 30, 2022

Coherent Q4 2022 Earnings Report

II-VI reported record quarterly revenues and significant quarterly growth year-over-year.

Key Takeaways

II-VI Incorporated reported its Q4 and full-year fiscal 2022 results, achieving record quarterly revenues of $887 million, a 7% sequential increase, and a 10% year-over-year increase. The company posted GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98. For the full fiscal year, revenue reached $3.32 billion.

Delivered record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-year.

Posted Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98.

Achieved record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectively.

Generated operating cash flow of $413 million.

Total Revenue
$887M
Previous year: $392M
+126.5%
EPS
$0.25
Previous year: $1.77
-85.9%
GAAP Gross margin
36.8%
Non-GAAP gross margin
38.7%
GAAP Operating margin
12.9%
Gross Profit
$326M
Previous year: $308M
+6.0%
Cash and Equivalents
$2.58B
Previous year: $1.59B
+62.2%
Free Cash Flow
$19M
Previous year: $86.5M
-78.1%
Total Assets
$7.84B
Previous year: $6.51B
+20.5%

Coherent

Coherent

Coherent Revenue by Segment

Forward Guidance

The outlook for the first fiscal 2023 quarter ending September 30, 2022 is revenue of $1,300 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.77 to $0.90.

Revenue & Expenses

Visualization of income flow from segment revenue to net income