OverviewSuggest Edit

II-VI is a manufacturer of engineered materials and optoelectronic components, devices, and subsystems. It 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 radio frequency (RF) devices, etc. The company serves the optical communications, industrial materials processing, aerospace, defense, and consumer electronics markets.
TypePublic
Founded1971
HQSaxonburg, PA, US
Websiteii-vi.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Jun 2021)22,961
Job Openings370
Revenue (FY, 2021)$3.1 B(+31%)
Share Price (May 2022)$63.9(+3%)
Cybersecurity ratingDMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at II-VI

Vincent D. Mattera, Jr.

Vincent D. Mattera, Jr.

Chair and Chief Executive Officer
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
Show more

II-VI Office Locations

II-VI has offices in Saxonburg, Alpharetta, Champaign, Colorado Springs and in 62 other locations
Saxonburg, PA, US (HQ)
375 Saxonburg Blvd
Alpharetta, GA, US
8000 Avalon Blvd Suite 100 and 200
Champaign, IL, US
1606 Rion Dr
Champaign, IL, US
2004 Fox Dr
Colorado Springs, CO, US
2060 Briargate Pkwy #325
Dallas, TX, US
10451 Vista Park Rd
Show all (72)

II-VI Financials and Metrics

II-VI Revenue

Embed Graph
View revenue for all periods
II-VI's revenue was reported to be $3.11 b in FY, 2021 which is a 30.5% increase from the previous period.
USD

Revenue (Q2, 2022)

806.8m

Gross profit (Q2, 2022)

311.2m

Gross profit margin (Q2, 2022), %

38.6%

Net income (Q2, 2022)

67.7m

Market capitalization (13-May-2022)

6.8b

Closing stock price (13-May-2022)

63.9

Cash (31-Dec-2021)

2.6b

EV

6.6b
II-VI's current market capitalization is $6.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

1.2b1.4b2.4b3.1b

Revenue growth, %

19%18%75%30%

Cost of goods sold

697.5m841.1m1.6b1.9b

Gross profit

461.3m521.3m819.6m1.2b
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

204.9m493.0m1.6b

Accounts Receivable

269.6m598.1m659.0m

Prepaid Expenses

30.3m65.7m67.6m

Inventories

296.3m619.8m695.8m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

107.5m(67.0m)297.6m

Depreciation and Amortization

92.4m220.9m270.1m

Inventories

(36.4m)112.6m(44.6m)

Accounts Payable

16.0m45.0m2.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

(26.0m)(124.2m)(118.3m)46.3m134.2m215.3m74.5m142.1m

Depreciation and Amortization

26.9m109.1m147.1m64.7m131.9m199.9m69.7m140.7m

Inventories

(14.8m)78.1m95.6m(4.7m)(1.7m)(27.2m)(56.3m)(123.7m)

Accounts Payable

748.0k(2.0m)(8.5m)(15.2m)(23.3m)(2.3m)(4.2m)12.8m
USDFY, 2018

Revenue/Employee

101.3k
Show all financial metrics

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
Show all operating metrics

II-VI Acquisitions / Subsidiaries

Company NameDateDeal Size
AscatronAugust 12, 2020
FinisarNovember 08, 2018
Kaiam Laser Ltd.August 07, 2017
Integrated PhotonicsJune 19, 2017
ANADIGICSMarch 16, 2016
Oclaro SwitzerlandSeptember 01, 2013
LightWorks OpticsDecember 21, 2012
M Cubed TechnologiesNovember 01, 2012
Aegis LightwaveJuly 05, 2011
Max Levy AutographDecember 01, 2010
Show more

II-VI Revenue Breakdown

Embed Graph

II-VI revenue breakdown by business segment: 65.6% from Photonics and 34.4% from Compound Semiconductors

II-VI revenue breakdown by geographic segment: 8.4% from China, 8.7% from Hong Kong, 49.3% from United States, 8.4% from China, 8.7% from Hong Kong and 16.5% from Other

Human Capital Metrics

Embed Graph
Show all human capital metrics

II-VI Cybersecurity Score

Cybersecurity ratingPremium dataset

D

61/100

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

Embed Graph

II-VI Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A-

    76/100

  • Compensation

    B+

    75/100

  • Diversity

    A-

    77/100

Learn more on Comparably

II-VI News and Updates

II-VI Incorporated Unveils Node-on-a-Blade Platform with Ultrahigh-Resolution Telemetry for High-Mix Wavelength Services

PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in optical communications technology, today unveiled its node-on-a-blade platform, a scalable multi-degree reconfigurable optical add-drop multiplexer (ROADM) system. The system embeds ultrahigh-resolution tel…

II-VI Incorporated Extends Ion Implanter Disk Refurbishing Services to Asia With New Multimillion-Dollar Expansion in Taiwan

PITTSBURGH, May 04, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), the world’s largest ion implant foundry with disk refurbishing services, today announced that it will extend its ion implanter disk refurbishing services to Asia, with a multimillion-dollar expansion in Hsinchu City, T…

II-VI Incorporated and Coherent, Inc. Announce Refiling of Premerger Notification and Report Form with Federal Trade Commission and U.S. Department of Justice

Parties Update Anticipated Closing Date of Merger Parties Update Anticipated Closing Date of Merger

II-VI Incorporated to Webcast FY 2022 Third-Quarter Conference Call

II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Tuesday, May 10, 2022, at 9:00 a.m. ET. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr…

II-VI to green US ops with 20-GWh renewable power purchase

April 25 (Renewables Now) - US engineered materials and optoelectronic components supplier II-VI Inc (NASDAQ:IIVI) will use 100% renewable electricity at several of its domestic sites under new power off-take contracts with an unnamed party.

II-VI Incorporated Significantly Reduces Its Global Carbon Footprint with Renewable Energy Contracts in the United States

PITTSBURGH, April 22, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it has signed renewable energy contracts for powering nine of its sites in the United States with 100% renewable electricity…
Show more

II-VI Blogs

Windstream Wholesale successfully completes 1000 km 400G ZR+ field trials leveraging pluggable modules from II-VI

Windstream Wholesale announced that it has successfully completed 1000 km 400G field trials leveraging pluggable modules from II-VI Incorporated. In October 2021, Windstream and II-VI announced a partnership to co-develop next-generation transceivers that will significantly reduce costs, power consu…

II-VI Incorporated Announces the Closing of $990 Million Notes Offering and Completed Syndication of $4.0 Billion Senior Secured Credit Facilities

December 10, 2021   I     PDF II-VI Incorporated (Nasdaq: IIVI) (the “Company” or “II-VI”) announced today the completion of its previously announced offering of $990 million aggregate principal amount of 5.000% senior notes due 2029 (the “Notes”) in a private transaction exempt from the registratio…

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, Jr., Bob Bashaw and Giovanni Barbarossa.

  • How many employees does II-VI have?

    II-VI has 22,961 employees.

  • What is II-VI revenue?

    Latest II-VI annual revenue is $3.1 b.

  • What is II-VI revenue per employee?

    Latest II-VI revenue per employee is $135.3 k.

  • Who are II-VI competitors?

    Competitors of II-VI include Acacia Communications, China Aerospace Times Electronics and DuPont Electronics & Industrial.

  • 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, Alpharetta, Champaign, Colorado Springs and in 62 other locations.

  • How many offices does II-VI have?

    II-VI has 72 offices.