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,
November 9, 2021, at 9:00 a.m. EST. The webcast and call will be
hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive
Officer; Mary Jane Raymond, Chief Financial Officer; and Dr.
Giovanni Barbarossa, Chief Strategy Officer and President, Compound
Semiconductors.
The first-quarter results for FY 2022 will be released before
the market opens on Tuesday, November 9, 2021, and will be posted
on the Company’s website
at www.ii-vi.com/investor-relations.
Webcast URL:
Individuals wishing to participate in the webcast can access the
event at the Company’s website by
visiting www.ii-vi.com or via
https://tinyurl.com/IIVIQ1FY22EarningsRelease.
To join the call and/or the replay:
If you wish to participate in the call, please dial +1
734-385-4977 or 877-316-5288. When you call, please enter
Confirmation Code 1150469 and provide your name and company
affiliation.
The call will be recorded, and a replay will be available to
interested parties who are unable to attend the live
event. This service will be available up to 11:59 p.m. EST on
Friday, November 12, 2021, by dialing +1 734-385-4977 or
877-316-5288 and entering the ID number 1150469.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and
optoelectronic components, is a vertically integrated manufacturing
company that develops innovative products for diversified
applications in communications, industrial, aerospace &
defense, semiconductor capital equipment, life sciences, consumer
electronics, and automotive markets. Headquartered in Saxonburg,
Pennsylvania, the Company has research and development,
manufacturing, sales, service, and distribution facilities
worldwide. The Company produces a wide variety of
application-specific photonic and electronic materials and
components, and deploys them in various forms, including integrated
with advanced software to support our customers. For more
information, please visit us at www.ii-vi.com.
Forward-Looking Statements
This press release contains forward-looking statements relating
to future events and expectations that are based on certain
assumptions and contingencies. The forward-looking statements are
made pursuant to the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 and relate to the
Company’s performance on a going-forward basis. The forward-looking
statements in this press release involve risks and uncertainties,
which could cause actual results, performance, or trends to differ
materially from those expressed in the forward-looking statements
herein or in previous disclosures.
The Company believes that all forward-looking statements made by
it in this press release have a reasonable basis, but there can be
no assurance that management’s expectations, beliefs, or
projections as expressed in the forward-looking statements will
actually occur or prove to be correct. In addition to general
industry and global economic conditions, factors that could cause
actual results to differ materially from those discussed in the
forward-looking statements in this press release include but are
not limited to: (i) the failure of any one or more of the
assumptions stated above to prove to be correct; (ii) the risks
relating to forward-looking statements and other “Risk Factors”
discussed in the Company’s Annual Report on Form 10-K for the
fiscal year ended June 30, 2020, and additional risk factors that
may be identified from time to time in future filings of the
Company; (iii) the conditions to the completion of the Company’s
pending business combination transaction with Coherent, Inc. (the
“Transaction”), and the remaining equity investment by Bain
Capital, LP, including the receipt of any required regulatory
approvals, and the risks that those conditions will not be
satisfied in a timely manner or at all; (iv) the occurrence of any
event, change, or other circumstances that could give rise to an
amendment or termination of the merger agreement relating to the
Transaction; (v) the Company’s ability to finance the Transaction,
the substantial indebtedness the Company expects to incur in
connection with the Transaction, and the need to generate
sufficient cash flows to service and repay such debt; (vi) the
possibility that the Company may be unable to achieve expected
synergies, operating efficiencies, and other benefits within the
expected timeframes or at all and to successfully integrate the
operations of Coherent, Inc. (“Coherent”), with those of the
Company; (vii) the possibility that such integration may be more
difficult, time-consuming, or costly than expected or that
operating costs and business disruption (including, without
limitation, disruptions in relationships with employees, customers,
or suppliers) may be greater than expected in connection with the
Transaction; (viii) litigation and any unexpected costs, charges,
or expenses resulting from the Transaction; (ix) the risk that
disruption from the Transaction materially and adversely affects
the respective businesses and operations of the Company and
Coherent; (x) potential adverse reactions or changes to business
relationships resulting from the announcement, pendency, or
completion of the Transaction; (xi) the ability of the Company to
retain and hire key employees; (xii) the purchasing patterns of
customers and end users; (xiii) the timely release of new products,
and acceptance of such new products by the market; (xiv) the
introduction of new products by competitors and other competitive
responses; (xv) the Company’s ability to assimilate recently
acquired businesses, and realize synergies, cost savings, and
opportunities for growth in connection therewith, together with the
risks, costs, and uncertainties associated with such acquisitions;
(xvi) the Company’s ability to devise and execute strategies to
respond to market conditions; (xvii) the risks to realizing the
benefits of investments in R&D and commercialization of
innovations; (xviii) the risks that the Company’s stock price will
not trade in line with industrial technology leaders; and/or (xix)
the risks of business and economic disruption related to the
currently ongoing COVID-19 outbreak and any other worldwide health
epidemics or outbreaks that may arise. The Company disclaims any
obligation to update information contained in these forward-looking
statements, whether as a result of new information, future events
or developments, or otherwise.
These risks, as well as other risks associated with the proposed
transaction, are more fully discussed in the joint proxy
statement/prospectus included in the registration statement on Form
S-4 (File No. 333-255547) filed with the SEC in connection with the
Transaction (the “Form S-4”). While the list of factors discussed
above and the list of factors presented in the Form S-4 are
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements. Neither the Company
nor Coherent assumes any obligation to publicly provide revisions
or updates to any forward-looking statements, whether as a result
of new information, future developments, or otherwise, should
circumstances change, except as otherwise required by securities
and other applicable laws.
CONTACT: Mary Jane RaymondChief Financial
Officerinvestor.relations@ii-vi.comwww.ii-vi.com/contact-us
II VI (NASDAQ:IIVI)
Historical Stock Chart
From Mar 2024 to Apr 2024
II VI (NASDAQ:IIVI)
Historical Stock Chart
From Apr 2023 to Apr 2024