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Seeking Alpha reported the conference call transcript with II-VI (NASDAQ:IIVI) announcing its earnings for the first fiscal quarter of 2013.
Seeking Alpha reported the conference call transcript with II-VI (NASDAQ:IIVI) announcing its earnings for the first fiscal quarter of 2013.
II-VI’s President and CEO, Francis Kramer said:
In our materials business which is our PRM’s SiC rate, experienced lower tellurium product demand in the photovoltaic market this quarter. However, this was more than offset by increased demand in the thermal electric cooling market in China, which helped to stabilize the tellurium index price after 12 months of erosion.