II-VI Sees Q1 Adj. EPS $0.77-$0.90 vs $0.96 Est., Sales $1.3B-$1.4B vs $1.02B Est.

Author: Bill Haddad | August 24, 2022 06:57am

The outlook for the first fiscal 2023 quarter ending September 30, 2022 is revenue of $1,300 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.77 to $0.90. These are at today's exchange rate and today's estimated tax impact of 25%, both of which are subject to variability. The non-GAAP earnings per share include the pre-tax amounts of $65 million in amortization, $30 million in share-based compensation, and $170 million in other costs, including costs to facilitate the integration of Coherent Inc. Non-GAAP adjustments are by their nature highly volatile, and we have low visibility as to the range that may be incurred in the future.

Posted In: IIVI