On Aug. 7, II-VI (NASDAQ:IIVI) released fourth-quarter earnings for the period ended June 30.

  • Revenues increased 10.8% and the company's bookings for the quarter increased 22% year over year.
  • For the fiscal year ending June 30, 2008, the company expects revenues to range from $307 million to $317 million and earnings per share to range from $1.36 to $1.46.
  • Motley Fool Hidden Gems recommendation II-VI carries a five-star Motley Fool CAPS rating. Its competitors, Northrop Grumman (NYSE:NOC) and Rohm & Haas (NYSE:ROH), carry a four- and five-star rating, respectively.

(Figures in thousands, except per-share data.)

Income Statement Highlights

Q4 2007

Q4 2006

Change

Sales

$71,971

$64,944

10.8%

Net Profit

$11,309

($8,585)

N/A

EPS

$0.37

($0.29)

N/A

Diluted Shares

30,385

29,247

3.9%

Get back to basics with the income statement.

Margin Checkup

Q4 2007

Q4 2006

Change*

Gross Margin

44.9%

44.3%

0.6

Operating Margin

20.2%

(8.9%)

29.1

Net Margin

15.7%

(13.2%)

28.9

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q4 2007

Q4 2006

Change

Cash + ST Invest.

$33,318

$26,885

23.9%

Accounts Rec.

$47,724

$42,122

13.3%

Inventory

$59,857

$48,454

23.5%

Liabilities

Q4 2007

Q4 2006

Change

Accounts Payable

$14,099

$9,540

47.8%

Long-Term Debt

$14,940

$23,614

(36.7%)

The balance sheet reflects the company's health.

Cash Flow Highlights

No data available. (Lame!)

Free cash flow is a Fool's best friend.

Related Foolishness:

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