II-VI Jumps as Bookings Hit the $1 Billion Mark

II-VI Jumps as Bookings Hit the $1 Billion Mark

The industrial economy has recovered sharply in recent months, and companies in the sector have looked for ways to improve their manufacturing processes. Lasers have played an important role in helping industrial companies, and II-VI (NASDAQ: IIVI) has taken full advantage to boost its business and reap the rewards for shareholders.

Coming into Monday's fiscal fourth-quarter report, investors wanted to see continued growth in II-VI's core laser business, and the company delivered with good performance. Moreover, II-VI's outlook was positive as well, leading investors to believe that the future could be even brighter down the road. Let's look more closely at II-VI and what its latest results say about its prospects.

Image source: II-VI.

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Source: Fool.com