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