II-VI revenues for the quarter increased 4% to $136,910,000 from $131,783,000 in the fourth quarter of last fiscal year, while revenues, year-on-year increased 6% to a record $534,630,000 from $502,801,000.
As the company highlights, bookings remain strong, increasing by 8% to $141,959,000 for this quarter, compared to $131,177,000 in the fourth quarter of last fiscal year. Bookings were up 3% year-on-year to a record $534,865,000 compared to $520,238,000 for last fiscal year.
However, net earnings for the quarter were down to $14,446,000 from $22,039,000 in the fourth quarter of last year. Annual earnings came in at $60,306,000, down from $82,682,000 for last fiscal year.
“For the quarter, company revenues increased 4% from the year-ago period, while earnings decreased," says Francis Kramer, president and chief executive officer. “During the fourth quarter – and for the third quarter in a row - PRM both wrote-down inventory and realised depressed margins on product sales due to declines in the index pricing of tellurium; and, for the first time, the same was true for selenium."
“In the Advanced Products Group, our Marlow business unit realised lower revenues and earnings due to decreased customer demand," he added.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
versions of the market-leading physical events: CS International
and PIC International
PLUS a brand new Silicon Semiconductor International
Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.
We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.
We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.
Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.
Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.
So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.
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