Saxonburg-based laser and infrared optics company II-VI Inc. reported fourth-quarter net income of $12.6 million, or $0.21 per share, up from $10 million, or $0.16 per share in the year-ago quarter. Revenue was for the quarter ended June 30 was $188 million, up from $154 million last year.
For the fiscal year, II-VI saw net income decline, from $5 1 million, or $0.80 per share last year, to $38.4 million or $0.60 per share this year. Revenues for 2014 rose, however, to $683 million, compared to $551 million last fiscal yer.
Analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter.
First Published August 5, 2014 12:00 AM