II-VI Incorporated Reports Fiscal 2020 Second Quarter Results
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II-VI Incorporated and Subsidiaries |
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Condensed Consolidated Statements of Earnings (Loss) (Unaudited) |
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($000 except per share data) |
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Six Months Ended |
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December 31, |
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December 31, |
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2019 |
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2018 |
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Revenues | | $ | | 1,006,740 | | | $ | | 657,272 | | | | | | | | | | | | | | |
Costs, Expenses & Other Expense (Income) | | | | | | | | | | | | Cost of goods sold | | | | 735,260 | | | | | 401,859 | | | Internal research and development | | | | 143,820 | | | | | 66,935 | | | Selling, general and administrative | | | | 224,713 | | | | | 111,659 | | | Interest expense | | | | 35,358 | | | | | 11,164 | | | Other expense (income), net | | | | 5,566 | | | | | (1,414 | ) | |
Total Costs, Expenses, & Other Expense (Income) | | | | 1,144,717 | | | | | 590,203 | | | | | | | | | | | | | | |
Earnings (Loss) Before Income Taxes | | | | (137,977 | ) | | | | 67,069 | | | | | | | | | | | | | | |
Income Taxes | | | | (13,766 | ) | | | | 12,218 | | | | | | | | | | | | | | |
Net Earnings (Loss) | | $ | | (124,211 | ) | | $ | | 54,851 | | |
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Diluted Earnings (Loss) Per Share | | $ | | (1.58 | ) | | $ | | 0.83 | | | | | | | | | | | | | | |
Basic Earnings (Loss) Per Share | | $ | | (1.58 | ) | | $ | | 0.86 | | | | | | | | | | | | | | |
Average Shares Outstanding - Diluted | | | | 80,332 | | | | | 65,916 | | |
Average Shares Outstanding - Basic | | | | 78,428 | | | | | 63,504 | | | | | | | | | | | | | |
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