II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, U.S.A., the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support its customers.

Company profile
Ticker
IIVI, COHR, IIVIP
Exchange
Website
CEO
Vincent Mattera
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Finisar Corporation • Finisar Wuxi, Inc. • II-VI Delaware, Inc. • II-VI Holdings B.V. • II-VI Laser Enterprise GmbH • Photop Technologies, Inc. ...
IRS number
251214948
IIVI stock data
News

What 5 Analyst Ratings Have To Say About II-VI
25 Jul 22
Barclays Maintains Underweight on II-VI, Lowers Price Target to $47
25 Jul 22
Stocks That Hit 52-Week Lows On Wednesday
13 Jul 22
Stocks That Hit 52-Week Lows On Tuesday
5 Jul 22
Raymond James Maintains Outperform on II-VI, Lowers Price Target to $81
5 Jul 22
Press releases
II-VI Incorporated to Host FY 2022 Fourth-Quarter Conference Call
10 Aug 22
II-VI Incorporated and Artilux Demonstrate a 3D Camera for Enhanced User Experience in the Metaverse
18 Jul 22
II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers
1 Jul 22
Omnicell, Southwestern Energy and Ormat Technologies Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
28 Jun 22
II-VI Incorporated Obtains All Governmental Regulatory Approvals to Complete Acquisition of Coherent, Inc. and Sets Expected Closing Date
28 Jun 22
Analyst ratings and price targets
Current price
Average target
$70.75
Low target
$47.00
High target
$81.00
Barclays
Maintains
$47.00
Raymond James
Maintains
$81.00
Craig-Hallum
Maintains
$80.00
Morgan Stanley
Maintains
$75.00
Investment data
Securities sold
Number of investors
Calendar
10 May 22
12 Aug 22
30 Jun 23
Financial summary
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Diluted EPS |
Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B |
Cash burn (monthly) | 16.47M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 72.44M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 2.53B | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 153.5 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Jul 22 | Mattera Vincent D JR | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 41,101 | 0 | 565,613 |
19 Jul 22 | Mattera Vincent D JR | Common Stock | Grant | Acquire A | No | No | 0 | 104,448 | 0 | 606,714 |
19 Jul 22 | Bashaw Walter Robert Ii | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 9,092 | 0 | 102,111 |
19 Jul 22 | Bashaw Walter Robert Ii | Common Stock | Grant | Acquire A | No | No | 0 | 27,518 | 0 | 111,203 |
19 Jul 22 | Raymond Mary Jane | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 13,205 | 0 | 168,430 |
19 Jul 22 | Raymond Mary Jane | Common Stock | Grant | Acquire A | No | No | 0 | 30,368 | 0 | 181,635 |
19 Jul 22 | Giovanni Barbarossa | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 14,321 | 0 | 187,629 |
19 Jul 22 | Giovanni Barbarossa | Common Stock | Grant | Acquire A | No | No | 0 | 28,884 | 0 | 201,950 |
19 Jul 22 | Koeppen Christopher | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 3,740 | 0 | 53,985 |
19 Jul 22 | Koeppen Christopher | Common Stock | Grant | Acquire A | No | No | 0 | 13,130 | 0 | 57,725 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 454 |
Opened positions | 55 |
Closed positions | 59 |
Increased positions | 159 |
Reduced positions | 142 |
13F shares | Current |
---|---|
Total value | 8.11B |
Total shares | 111.32M |
Total puts | 3M |
Total calls | 1.55M |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
Wellington Management | 11.97M | $867.94M |
BLK Blackrock | 11.82M | $856.79M |
Vanguard | 10.35M | $749.93M |
Dodge & Cox | 6.72M | $487.28M |
MCQEF Macquarie | 4.48M | $325.1M |
ATAC Neuberger Berman | 3.49M | $252.68M |
STT State Street | 3.35M | $242.51M |
Pictet Asset Management | 3.22M | $233.18M |
FMR | 2.89M | $209.84M |
American Century Companies | 2.62M | $189.65M |
Financial report summary
?Competition
Coherent • Sumitomo Electric Industries • Koninklijke Philips • Sony • Idex • Wolfspeed • MKS Instruments • Broadcom • Finisar • nLIGHTManagement Discussion
- The Company aligns its organizational structure into the following two reporting segments for the purpose of making operational decisions and assessing financial performance: (i) Compound Semiconductors and (ii) Photonic Solutions. The Company is reporting financial information (revenue and operating income) for these reporting segments in this Annual Report on Form 10-K.
- Revenues. Revenues for the year ended June 30, 2021 increased 30% to $3,106 million, compared to $2,380 million for the prior fiscal year. Revenue for 2021 was a record with growth across all end markets compared to the same period last fiscal year. Communications, our largest vertical, grew 30% compared to the same period last year. This growth was due to a full year of Finisar revenue, strong demand across transceivers, including 200/400G products, as well as other optical communications products. The strong demand for our 3D sensing products drove 118% growth in revenue for Consumer Electronics. Life Sciences grew 65%, driven by demand for our filters, optics and thermo-electric coolers for COVID-19 related PCR testing and sequencing instrumentation. Our Industrial business grew 11% compared to the same period last year, due to strong growth in both "CO 2" and one micron laser components.
- Gross margin. Gross margin for the year ended June 30, 2021 was $1,216 million, or 39%, of total revenues, compared to $820 million, or 34% of total revenues, for the same period last fiscal year. Gross margin as a percentage of revenues increased 470 basis points compared to the prior fiscal year. Gross margin was negatively impacted in the prior year by the effects of purchase accounting on inventory, an increased value of $87.7 million related to the fair value adjustment of the acquired Finisar inventory.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll freshman Bad
|
New words:
California, cap, extension, February, floating, logistical, mirror, monthly, predictable, promulgated, slightly, Switzerland
Removed:
began, deployed, disinfection, distancing, face, feasible, focusing, health, heightening, hygiene, light, onset, Organization, outbreak, protecting, protection, social, support, understand, world
Financial reports
Current reports
8-K/A
Financial Statements and Exhibits
4 Aug 22
8-K
Ii-vi Incorporated Completes the Acquisition of Coherent, Forming a Global Leader In Materials, Networking, and Lasers
1 Jul 22
8-K
Ii-vi Incorporated Obtains All Governmental Regulatory Approvals to Complete Acquisition of Coherent, Inc. and Sets Expected Closing Date
28 Jun 22
8-K
Other Events
24 May 22
8-K
II-VI Incorporated Reports Fiscal 2022 Third Quarter Results
10 May 22
8-K
Parties Update Anticipated Closing Date of Merger
3 May 22
8-K
Regulation FD Disclosure
24 Mar 22
8-K
Other Events
17 Mar 22
8-K
Departure of Directors or Certain Officers
7 Mar 22
8-K
Departure of Directors or Certain Officers
18 Feb 22
Registration and prospectus
POSASR
Automatic shelf registration (post-effective amendment)
4 Aug 22
S-3ASR
Automatic shelf registration
4 Aug 22
S-8
Registration of securities for employees
1 Jul 22
425
Business combination disclosure
28 Jun 22
425
Business combination disclosure
28 Jun 22
S-4MEF
Addition of securities to prior registration
26 May 22
425
Business combination disclosure
3 May 22
425
Business combination disclosure
10 Dec 21
425
Business combination disclosure
2 Dec 21
425
Business combination disclosure
30 Nov 21
Proxies
DEFA14A
Additional proxy soliciting materials
7 Oct 21
DEFA14A
Additional proxy soliciting materials
29 Sep 20
DEFA14A
Additional proxy soliciting materials
3 Oct 19
DEFA14A
Additional proxy soliciting materials
21 Sep 18
DEF 14A
Definitive proxy
14 Sep 17
DEFA14A
Additional proxy soliciting materials
14 Sep 17
Other
SD
Conflict minerals disclosure
31 May 22
UPLOAD
Letter from SEC
13 Mar 22
CORRESP
Correspondence with SEC
14 Feb 22
UPLOAD
Letter from SEC
3 Feb 22
SD
Conflict minerals disclosure
24 May 21
EFFECT
Notice of effectiveness
7 May 21
CORRESP
Correspondence with SEC
3 May 21
UPLOAD
Letter from SEC
2 May 21
UPLOAD
Letter from SEC
23 Feb 21
CORRESP
Correspondence with SEC
21 Feb 21
Ownership
4
II-VI / Christopher Koeppen ownership change
21 Jul 22
4
II-VI / GIOVANNI BARBAROSSA ownership change
21 Jul 22
4
II-VI / MARY JANE RAYMOND ownership change
21 Jul 22
4
II-VI / WALTER ROBERT BASHAW II ownership change
21 Jul 22
4
II-VI / VINCENT D MATTERA JR ownership change
21 Jul 22
4
II-VI / MARK STEWART SOBEY ownership change
12 Jul 22
3
Initial statement of insider ownership
11 Jul 22
SC 13D
II-VI / BCPE Watson (DE) BML ownership change
11 Jul 22
4
II-VI / STEPHEN G PAGLIUCA ownership change
6 Jul 22
4
II-VI / Christopher Koeppen ownership change
6 Jul 22
Patents
Utility
Integrated Module Having Multiple Optical Channel Monitors With Shared Liquid Crystal Based Switching Assembly
11 Aug 22
A module handles beams having multiple channels in an optical network.
Utility
Method for Manufacturing a Grid
11 Aug 22
A grid is manufactured with a combination of ion implant and epitaxy growth.
Utility
Ex-situ conditioning of laser facets and passivated devices formed using the same
9 Aug 22
Edge-emitting laser diodes having mirror facets include passivation coatings that are conditioned using an ex-situ process to condition the insulating material used to form the passivation layer.
Utility
Optical Couplers and Hybrids
4 Aug 22
An optical circuit for routing a signal includes a coupler and first and second waveguides.
Utility
Dual grating-coupled lasers
2 Aug 22
In an example embodiment, a system includes a first grating-coupled laser (GCL) that includes a first laser cavity optically coupled to a first transmit grating coupler configured to redirect horizontally-propagating first light, received from the first laser cavity, vertically downward and out of the first GCL.
Transcripts
2022 Q3
Earnings call transcript
10 May 22
2022 Q2
Earnings call transcript
9 Feb 22
2022 Q1
Earnings call transcript
9 Nov 21
2021 Q4
Earnings call transcript
10 Aug 21
2021 Q3
Earnings call transcript
6 May 21
2021 Q2
Earnings call transcript
9 Feb 21
2021 Q1
Earnings call transcript
5 Nov 20
2020 Q4
Earnings call transcript
13 Aug 20
2020 Q3
Earnings call transcript
11 May 20
2020 Q2
Earnings call transcript
10 Feb 20
Reddit threads
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Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
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31 Mar 22
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