Exotic Electro-Optics Inc. and LightWorks Optics Inc. announced that the companies have merged operations and are now operating under the name LightWorks Optical Systems Inc. In a release, the companies announces that a subsidiary of II-VI Inc., LightWorks Optical Systems is a provider of high precision integrated optical systems and infrared optics, coatings and assemblies. Headquartered in Murrieta, the company will continue to operate from the Murrieta and Tustin, California facilities. According to the companies, LightWorks Optical Systems combines the design, engineering and production capabilities of both former companies. As a supplier of infrared optics, coatings and assemblies, Exotic Electro-Optics' provided core manufacturing technologies including crystal growth, optical fabrication, thin film coating production and complex assemblies.

II-VI Incorporated reported unaudited consolidated earning results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenues of $145.170 million, earnings before income taxes of $18.955 million, net earnings attributable to company of $15.869 million or $0.25 per diluted share compared to the total revenues of $132.590 million, earnings before income taxes of $19.237 million, net earnings attributable to company of $13.994 million or $0.22 per diluted share for the same quarter year ago. EBITDA was $30.163 million compared to the $28.014 million for the same quarter year ago. For the nine months period, the company reported total revenues of $403.351 million, earnings before income taxes of $55.537 million, net earnings attributable to company of $40.787 million or $0.64 per diluted share compared to the total revenues of $397.720 million, earnings before income taxes of $59.510 million, net earnings attributable to company of $45.860 million or $0.71 per diluted share for the same period year ago. Net cash provided by operating activities was $68.119 million compared to the $57.702 million for the same period year ago. Additions to property, plant and equipment was $17.498 million compared to the $32.771 million for the same period year ago. EBITDA was $86.238 million compared to the $85.255 million for the same period year ago. For the fourth fiscal quarter ending June 30, 2013, the company currently forecasts revenues to range from $147 million to $152 million and earnings per share to range from $0.20 to $0.25. For the fiscal year ending June 30, 2013, the company currently expects revenues to range from $550 million to $555 million and earnings per share to range from $0.84 to $0.89.

II-VI Incorporated, Q3 2013 Earnings Call, Apr 23, 2013