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II-VI Inc. Announces Results for Fiscal Third Quarter

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PITTSBURGH, Pa., April 22 -- II-VI Inc. reported net earnings of $1,498,000 on revenues of $15,538,000 for the third fiscal quarter ended March 31, 1999. These results compare with net earnings of $1,783,000 on revenues of $16,230,000 for last year's third fiscal quarter.
Manufacturing bookings for the third quarter decreased 9% from last year, from $16,083,000 to $14,655,000. The decrease was attributed to fewer bookings at II-VI's VLOC subsidiary and the company's eV PRODUCTS division. Bookings of infrared optics and material products increased this quarter by approximately 5%. Manufacturing bookings year-to-date decreased 10% to $43,718,000 from $48,455,000. Approximately 75% of the decrease in bookings for the year was attributed to decreased bookings at VLOC, with the remaining decrease linked to fewer bookings of infrared optics and material products.
Rocky Mountain Instruments - Laser Optics MR

Published: April 1999
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