II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
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Table 2 |
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Segment Revenues, GAAP Operating Income (Loss) & Margin, and |
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Non-GAAP Operating Income (Loss) & Margin* |
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$ Millions, except % |
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(Unaudited) | |
Three Months Ended | | |
Year Ended |
| | |
Jun 30, | |
Mar 31, | |
Jun 30, | | |
Jun 30, | |
Jun 30, |
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2022 | | | |
2022 | | | |
2021 | | | | |
2022 | | | |
2021 | |
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Revenues: | | | | | | | | | | | |
| Photonic Solutions | | $ | 597.4 | | | $ | 567.8 | | | $ | 549.7 | | | | $ | 2,226.2 | | | $ | 2,038.3 | |
| Compound Semiconductors | | | 289.6 | | | | 259.9 | | | | 258.3 | | | | | 1,090.4 | | | | 1,067.6 | |
| Unallocated and Other | | | — | | | | — | | | | — | | | | | — | | | | — | |
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Consolidated | | $ | 887.0 | | | $ | 827.7 | | | $ | 808.0 | | | | $ | 3,316.6 | | | $ | 3,105.9 | |
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GAAP Operating Income (Loss): | | | | | | | | | | | |
| Photonic Solutions | | $ | 69.2 | | | $ | 54.6 | | | $ | 60.5 | | | | $ | 230.1 | | | $ | 207.7 | |
| Compound Semiconductors | | | 51.4 | | | | 61.8 | | | | 47.7 | | | | | 220.1 | | | | 221.2 | |
| Unallocated and Other | | | (6.4 | ) | | | (9.6 | ) | | | (11.1 | ) | | | | (35.9 | ) | | | (26.8 | ) |
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Consolidated | | $ | 114.2 | | | $ | 106.8 | | | $ | 97.1 | | | | $ | 414.3 | | | $ | 402.1 | |
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Non-GAAP Operating Income: | | | | | | | | | | | |
| Photonic Solutions | | $ | 91.7 | | | $ | 81.8 | | | $ | 87.4 | | | | $ | 334.4 | | | $ | 324.3 | |
| Compound Semiconductors | | | 76.9 | | | | 90.2 | | | | 61.1 | | | | | 315.8 | | | | 277.2 | |
| Unallocated and Other | | | — | | | | — | | | | — | | | | | — | | | | — | |
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Consolidated | | $ | 168.6 | | | $ | 172.0 | | | $ | 148.5 | | | | $ | 650.2 | | | $ | 601.5 | |
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GAAP Operating Margin: | | | | | | | | | | | |
| Photonic Solutions | | | 11.6% | | | | 9.6% | | | | 11.0% | | | | | 10.3% | | | | 10.2% | |
| Compound Semiconductors | | | 17.7% | | | | 23.8% | | | | 18.5% | | | | | 20.2% | | | | 20.7% | |
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Consolidated | | | 12.9% | | | | 12.9% | | | | 12.0% | | | | | 12.5% | | | | 12.9% | |
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Non-GAAP Operating Margin: | | | | | | | | | | | |
| Photonic Solutions | | | 15.3% | | | | 14.4% | | | | 15.9% | | | | | 15.0% | | | | 15.9% | |
| Compound Semiconductors | | | 26.6% | | | | 34.7% | | | | 23.7% | | | | | 29.0% | | | | 26.0% | |
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Consolidated | | | 19.0% | | | | 20.8% | | | | 18.4% | | | | | 19.6% | | | | 19.4% | |
