Benzinga | May 6, 2021 07:10AM EDT

II-VI Sees Q4 Adj. EPS $0.63-$0.83 vs $0.91 Est., Sales $752M-$802M vs $798.76M Est.

The outlook for the fourth fiscal quarter ending June 30, 2021 is revenue of $752 million to $802 million and earnings per diluted share on a non-GAAP basis of $0.63 to $0.83. The earnings include a deduction of $10.2 million for the dividend on the Series B preferred stock. This is at today's exchange rate and today's estimated tax impact of 21%. Both of these are subject to variability. For the non-GAAP earnings per share, we added back to the GAAP earnings pre-tax amounts of $21 million in amortization, $18 million in share-based compensation, and $12 million in transaction and integration costs. Non-GAAP adjustments are by their nature highly volatile and we have low visibility as to the range that may be incurred in the future.