II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
*Amounts may not recalculate due to rounding.
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Table 8 |
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Example EPS Calculations
(1) |
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$ Millions |
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Hypothetical Earnings Level for Q1 FY23 |
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Non-GAAP net earnings | $ | 145.0 | | | $ | 155.0 | | | $ | 165.0 | |
| Deduct Series A preferred stock dividends | | (6.9 | ) | | | – | | | | – | |
| Deduct Series B redeemable preferred dividends | | (28.7 | ) | | | (28.7 | ) | | | (28.7 | ) |
| Add back interest on II-VI Convertible Notes | | 0.4 | | | | 0.4 | | | | 0.4 | |
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Non-GAAP net earnings available to common shareholders | $ | 109.8 | | | $ | 126.7 | | | $ | 136.7
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Diluted weighted average common shares | | 142.3
| | | | 151.2
| | | | 151.2
| |
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Diluted earnings per common share on non-GAAP basis | $ | 0.77 | | | $ | 0.84
| | | $ | 0.90
| |
