OverviewSuggest Edit

II-VI is a manufacturer of engineered materials and optoelectronic components, devices, and subsystems. It operates through two segments: Photonic Solutions and Compound Semiconductors. The company offers transceivers, coherent and advanced optics, laser optics, polycrystalline materials production, advanced ceramic and metal-matrix composite products, laser devices and systems, precision optical assemblies, wide bandgap semiconductors, optoelectronic and RF devices, etc. The company serves the optical communications, industrial materials processing, aerospace and defense, and consumer electronics markets.

TypePublic
Founded1971
HQSaxonburg, PA, US
Websiteii-vi.com
Employee Ratings3.5
Overall CultureB+

Latest Updates

Employees (est.) (Jun 2020)22,969(+84%)
Job Openings72
Revenue (FY, 2020)$2.4 B(+75%)
Share Price (Jul 2021)$71.2(-1%)
Cybersecurity ratingDMore

Key People/Management at II-VI

Vincent D. Mattera

Vincent D. Mattera

Chief Executive Officer & Director
Bob Bashaw

Bob Bashaw

President
Giovanni Barbarossa

Giovanni Barbarossa

Chief Strategy Officer, II-VI Incorporated and President, Compound Semiconductors
Ishrat Hakim

Ishrat Hakim

Chief Sales Officer
Gary A. Kapusta

Gary A. Kapusta

Chief Procurement Officer
Sanjai Parthasarathi

Sanjai Parthasarathi

Chief Marketing Officer
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II-VI Office Locations

II-VI has offices in Saxonburg, Warrendale, Gent, Fuzhou and in 8 other locations
Saxonburg, PA, US (HQ)
375 Saxonburg Blvd
Warrendale, PA, US
5000 Ericsson Dr #300
Gent, BE
Ottergemsesteenweg Zuid 808
Fuzhou, CN
56 FUXING ROAD
Suzhou, CN
BLOCK D#01-01/02, NO. 5 XING HAN STREET, SUZHOU INDUSTRIAL PARK
Weiterstadt, DE
Brunnenweg 19-21
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II-VI Financials and Metrics

II-VI Revenue

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II-VI's revenue was reported to be $2.38 b in FY, 2020 which is a 74.7% increase from the previous period.
USD

Revenue (Q3, 2021)

783.2m

Gross profit (Q3, 2021)

299.6m

Gross profit margin (Q3, 2021), %

38.2%

Net income (Q3, 2021)

81.1m

Market capitalization (22-Jul-2021)

7.5b

Closing stock price (22-Jul-2021)

71.2

Cash (31-Mar-2021)

1.5b

EV

7.4b
II-VI's current market capitalization is $7.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.2b1.4b2.4b

Revenue growth, %

19%18%75%

Cost of goods sold

697.5m841.1m1.6b

Gross profit

461.3m521.3m819.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

314.4m342.8m342.5m340.4m666.3m627.0m728.1m786.6m783.2m

Cost of goods sold

190.5m211.3m215.2m217.3m518.0m381.1m441.5m464.1m483.7m

Gross profit

123.9m131.5m127.3m123.1m148.3m245.9m286.6m322.5m299.6m

Gross profit Margin, %

39%38%37%36%22%39%39%41%38%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

65.5m95.3m88.0m107.5m(67.0m)

Depreciation and Amortization

56.7m63.6m80.8m92.4m156.7m

Inventories

(8.6m)(25.0m)(38.7m)(36.4m)112.6m

Accounts Payable

5.7m6.7m17.4m16.0m45.0m
USDFY, 2016

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.5 x
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II-VI Operating Metrics

II-VI's Backlog was reported to be $721m in Q1, 2020.
FY, 2014FY, 2015FY, 2016FY, 2017Q3, 2018FY, 2018Q2, 2019FY, 2019Q1, 2020

Backlog

$220 m$242 m$290 m$400 m$442 m$450 m$513 m$500 m$721 m

Book-to-Bill Ratio

113%110%

Bookings

$377 m

Countries

131213141414
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II-VI Acquisitions / Subsidiaries

Company NameDateDeal Size
AscatronAugust 12, 2020
FinisarNovember 08, 2018$2.3 b
Kaiam Laser Ltd.August 07, 2017$80 m
Integrated PhotonicsJune 19, 2017$45 m
ANADIGICSMarch 16, 2016$43 m
Oclaro SwitzerlandSeptember 01, 2013
LightWorks OpticsDecember 21, 2012$31 m
M Cubed TechnologiesNovember 01, 2012$68.2 m
Aegis LightwaveJuly 05, 2011
Max Levy AutographDecember 01, 2010
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II-VI Revenue Breakdown

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II-VI revenue breakdown by business segment: 64.6% from Photonics, 34.5% from Compound Semiconductors and 0.9% from Other

II-VI revenue breakdown by geographic segment: 6.1% from Japan, 5.2% from Germany, 12.6% from Hong Kong, 12.3% from China, 60.2% from United States and 3.6% from Other

Human Capital Metrics

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II-VI Cybersecurity Score

Cybersecurity ratingPremium dataset

D

65/100

SecurityScorecard logo

II-VI Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

II-VI Online and Social Media Presence

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II-VI Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    A-

    74/100

  • Compensation

    B+

    74/100

  • Diversity

    A

    78/100

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II-VI News and Updates

II-VI Incorporated Introduces High-Efficiency Multifunctional Metalenses for Ultracompact Optical Sensors

PITTSBURGH, June 23, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of wafer-level diffractive optics, today announced the introduction of high-efficiency multifunctional metalenses based on a II-VI proprietary platform that enables ultracompact optical sensors for …

II-VI Incorporated Celebrates its 50th Anniversary With Opening Bell Ceremony at Nasdaq

PITTSBURGH, June 22, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today celebrated its 50th anniversary by ringing the opening bell at the Nasdaq stock exchange at Times Square in New York City.

II-VI Incorporated Introduces Heated Ion Implantation Foundry Services for 150 mm Silicon Carbide Wafers

PITTSBURGH, June 21, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading global provider of foundry ion implantation services and support to the microelectronics industry, today announced the introduction of heated ion implantation foundry services for 150 mm silicon carbide (SiC…

II-VI Incorporated Receives $350 Million Additional Equity Commitment from Bain Capital

PITTSBURGH, June 09, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that Bain Capital will make an additional equity investment of $350 million in II-VI, increasing its total equity commitment to the Compa…

II-VI Incorporated to Demonstrate 400/800G Transceivers for Next-Generation 25.6T and 51.2T Datacenter Switches at OFC 2021

PITTSBURGH, June 07, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in optical communications components and modules, today announced that it will be virtually demonstrating, at OFC 2021, 400/800G transceivers that will enable next-generation 25.6T and 51.2T datacenter…

II-VI Incorporated to Present at the Nasdaq 44th Investor Conference

PITTSBURGH, June 04, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:
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II-VI Blogs

II-VI AND COHERENT PROVIDE UPDATE ON TRANSACTION MILESTONES

Form S-4 in Connection with Pending Acquisition Has Been Filed and Declared Effective by SEC Special Meetings Set for June 24, 2021 for II-VI Shareholders and Coherent Stockholders to Vote on Transaction Confirmed Expiration of Waiting Period Under Hart-Scott-Rodino Antitrust Improvements Act Transa…

II-VI Incorporated Provides Detail on Proposed Equity Investment from Bain Capital

II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today provided additional information on the terms of Bain Capital’s proposed equity investment in the Company. Under the terms of the proposed investment, the Company will enter into an investm…

II-VI Frequently Asked Questions

  • When was II-VI founded?

    II-VI was founded in 1971.

  • Who are II-VI key executives?

    II-VI's key executives are Vincent D. Mattera, Bob Bashaw and Giovanni Barbarossa.

  • How many employees does II-VI have?

    II-VI has 22,969 employees.

  • What is II-VI revenue?

    Latest II-VI annual revenue is $2.4 b.

  • What is II-VI revenue per employee?

    Latest II-VI revenue per employee is $103.6 k.

  • Who are II-VI competitors?

    Competitors of II-VI include DuPont Electronics & Industrial, IBIDEN and Ferrotec Corporation.

  • Where is II-VI headquarters?

    II-VI headquarters is located at 375 Saxonburg Blvd, Saxonburg.

  • Where are II-VI offices?

    II-VI has offices in Saxonburg, Warrendale, Gent, Fuzhou and in 8 other locations.

  • How many offices does II-VI have?

    II-VI has 12 offices.