SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 7, 1999
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II-VI INCORPORATED
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Exact name of registrant as specified in its charter)
Pennsylvania 0-16195 25-1214948
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification Number)
incorporation)
375 Saxonburg Boulevard, Saxonburg, Pennsylvania 16056
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: 724-352-4455
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Former name or former address, if changed, since last report:
Not Applicable
Item 5. Other Events
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On July 7, 1999, II-VI Incorporated (the "Company") issued a
press release announcing preliminary bookings and revenues for the
fourth quarter and fiscal year ended June 30, 1999.
The full text of the Company's press release is filed as
Exhibit 99 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
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Exhibit No. Description
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99 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
II-VI INCORPORATED
(Registrant)
Date: July 7, 1999 By: /s/ Carl J. Johnson
Carl J. Johnson
Chairman & Chief Executive Officer
Date: July 7, 1999 By: /s/ James Martinelli
James Martinelli
Treasurer & Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99 Press Release
July 7, 1999
Jim Martinelli
Treasurer & Chief
Financial Officer
(724) 352-4455
[email protected]
II-VI Homepage: www.ii-vi.com
II-VI INCORPORATED
ANNOUNCES PRELIMINARY FOURTH QUARTER AND FISCAL YEAR
BOOKINGS AND REVENUES
PITTSBURGH, PA., July 7, 1999--II-VI Incorporated (NASDAQ NMS: IIVI)
today reported preliminary bookings and revenues for the fourth
quarter and fiscal year ended June 30, 1999. Bookings for the
quarter are expected to be approximately $16 million as compared to
last year's fourth quarter bookings of $15.3 million and revenues
for the quarter are expected to be approximately $17.3 million, a
record quarter, compared to $14.5 million for the same period a year
ago. For the year, bookings are expected to be approximately $60
million as compared to $64.2 million for last fiscal year and
revenues are expected to be approximately $61.8 million, a record
year, as compared to $61.3 million a year ago.
While the Company's financial results are preliminary, unaudited and
require further analysis, as compared to the prior year's fourth
quarter revenues for the quarter ended June 30, 1999 from infrared
optics and material products are expected to increase approximately
20%, revenues from the eV PRODUCTS division are expected to increase
more than 100% and revenues from the Company's VLOC subsidiary are
expected to remain consistent.
Francis J. Kramer, President and Chief Operating Officer stated,
"The expected record revenues of this past quarter reflect
continuous improvements in each of our businesses. Despite
challenging market conditions, the revenues of the third and fourth
quarters of the fiscal year ended June 30, 1999 represent two of the
three highest revenue quarters in the Company's history."
The Company is expected to issue its year end earnings release on
August 11, 1999.
Headquartered in Saxonburg, Pennsylvania II-VI Incorporated designs,
manufactures and markets optical and electro-optical components,
devices and materials for precision use in infrared, near infrared,
visible light and x-ray/gamma-ray instruments and applications. The
Company's infrared products are used in high-power CO2 (carbon
dioxide) lasers for industrial processing worldwide. The Company's
VLOC subsidiary manufactures near infrared and visible light
products used in industrial, scientific and medical instruments and
solid-state (such as YAG and YLF) lasers. II-VI Incorporated is
also developing and marketing solid-state x-ray/gamma-ray products
for the nuclear radiation detection industry through its eV PRODUCTS
division.
This press release contains forward-looking statements as defined by
Section 21E of the Securities Exchange Act of 1934. Actual results
may differ materially from the results described in any forward
looking statements due to issues that may arise in connection with
the completion of the annual audit. Additional information on
potential factors that could affect the Company's financial results
are included in the Company's Form 10-K for the year ended June 30,
1998 as filed with the Securities and Exchange Commission.
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