II-VI Incorporated Reports Fiscal 2019 Fourth Quarter and Full Year Results
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II-VI Incorporated and Subsidiaries |
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Condensed Consolidated Statements of Earnings (Unaudited) |
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($000 except per share data) |
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Year Ended |
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June 30, |
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June 30, |
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2019 |
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2018 |
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Revenues | | $ | | 1,362,496 | | | $ | | 1,158,794 | | | | | | | | | | | | | | |
Costs, Expenses & Other Expense (Income) | | | | | | | | | | | | Cost of goods sold | | | | 841,147 | | | | | 696,591 | | | Internal research and development | | | | 139,163 | | | | | 116,875 | | | Selling, general and administrative | | | | 233,518 | | | | | 208,565 | | | Interest expense | | | | 22,417 | | | | | 18,352 | | | Other expense (income), net | | | | (2,562 | ) | | | | (3,783 | ) | |
Total Costs, Expenses, & Other Expense (Income) | | | | 1,233,683 | | | | | 1,036,600 | | | | | | | | | | | | | | |
Earnings Before Income Taxes | | | | 128,813 | | | | | 122,194 | | | | | | | | | | | | | | |
Income Taxes | | | | 21,296 | | | | | 34,192 | | | | | | | | | | | | | | |
Net Earnings | | $ | | 107,517 | | | $ | | 88,002 | | | | | | | | | | | | | | |
Diluted Earnings Per Share | | $ | | 1.63 | | | $ | | 1.35 | | | | | | | | | | | | | | |
Basic Earnings Per Share | | $ | | 1.69 | | | $ | | 1.41 | | | | | | | | | | | | | | |
Average Shares Outstanding - Diluted | | | | 65,804 | | | | | 65,133 | | |
Average Shares Outstanding - Basic | | | | 63,584 | | | | | 62,499 | |
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