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II-VI Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript

Mar 03, 2020 / 12:20AM GMT
Release Date Price: $30.26 (-1.53%)
Meta A. Marshall
Morgan Stanley, Research Division - VP

Here we go. All right. All right, we're off the clock apparently. And so I am Meta Marshall. I cover the networking space here at Morgan Stanley. We are joined here by Mary Jane Raymond, CFO of II-VI; and also Sanjai, who is Chief Marketing Officer at II-VI. We're pleased to have everybody here today later in the day.

Questions & Answers

Meta A. Marshall
Morgan Stanley, Research Division - VP

And so we've been starting off kind of all the discussions with overall coronavirus and potential impact to the business. You guys have called out kind of a $50 million potential impact to your business. How have you seen workforces coming back? Do you still kind of assess the same impact as previously?

Mary Jane Raymond
II-VI Incorporated - CFO & Treasurer

Right. So what we said was we expected to have at least a $50 million impact in the quarter. Keep in mind, we reported on February 10, so we were already knowledgeable that there's a second week of

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