IPG Photonics Earnings Reports

IPG Photonics reported Q4 2024 revenue of $234.3 million, a 22% decline year-over-year, due to weaker sales in materials processing and medical applications. Net income decreased significantly to $7.8 million, an 81% drop. EPS fell 80% to $0.18. Operating income declined 51% to $14 million. The company generated strong cash flow from operations of $74 million and repurchased $57 million in shares.

IPG Photonics reported Q3 2024 revenue of $233 million, a 23% decrease year-over-year. The company's results were at the high end of guidance when adjusted for divested revenue. Adjusted diluted EPS was $0.29, with a reported loss per diluted share of $5.33 due to divestiture and asset impairment charges.

IPG Photonics reported a decrease in revenue by 24% year-over-year to $258 million due to a challenging demand environment. The company focused on financial execution, generating $53 million in cash from operations and reducing inventory. While materials processing sales decreased, other sales increased due to higher revenue in medical and advanced applications.

IPG Photonics reported a 27% year-over-year decrease in first-quarter revenue to $252 million, with sales declining across all major geographies, particularly in China. Despite these challenges, the company generated $55 million in cash from operations and saw a book-to-bill ratio slightly above one, potentially indicating stabilization in industrial demand.

IPG Photonics reported a 10% decrease in revenue year-over-year for Q4 2023, with revenue reaching $298.9 million. Despite the overall decline, the company saw growth in welding, cleaning, 3D printing, and medical applications. The EPS was $0.89, up from a loss in the previous year.

IPG Photonics reported a 14% year-over-year decrease in revenue to $301 million for Q3 2023, impacted by weak industrial demand and lower e-mobility sales in China. Despite the revenue decline, gross margin improved to 44.1%. EPS decreased by 21% year over year to $1.16.

IPG Photonics reported a decrease in revenue for the second quarter of 2023, with sales declining by 10% year-over-year. Despite the overall decrease, the company saw growth in welding and cleaning applications driven by e-mobility. The company expects revenue of $300 million to $330 million and earnings per diluted share in the range of $0.85 to $1.15 for the third quarter of 2023.

IPG Photonics reported a 6% decrease in first-quarter revenue to $347 million, with earnings per diluted share decreasing by 4% to $1.26. The company's welding revenue grew, driven by record sales in EV battery applications and LightWELD, while diversification efforts helped offset softer demand in cutting and marking applications. Sales decreased in North America, Europe, and China, but increased in Japan.

IPG Photonics reported a decrease in revenue for the fourth quarter of 2022, with a net loss attributable to IPG Photonics Corporation. The company's results were impacted by inventory related charges, impairment of long-lived assets, and restructuring charges. However, there was a record demand for EV and medical applications.

IPG Photonics reported a decrease in revenue by 8% year over year, totaling $349 million for the third quarter. Despite challenges like currency headwinds and softer demand in certain regions, the company saw upward momentum in emerging growth products, with particular strength in e-mobility and medical applications. Earnings per diluted share increased 5% year over year to $1.47.

IPG Photonics reported a 1% increase in revenue year-over-year, reaching $377 million. Growth was driven by strong sales in North America and Japan, particularly in e-mobility and medical applications. EPS decreased by 15% year over year to $1.10, impacted by foreign exchange transaction losses.

IPG Photonics reported a solid first quarter with revenue growth driven by increased demand across various applications in Europe, North America, and Japan. The company's diversification strategy, particularly in electric vehicle production, handheld welding, and medical products, contributed to the results. China's share of revenue decreased to 35% this quarter.

IPG Photonics reported an 8% year-over-year increase in revenue for Q4 2021, reaching $364 million. Growth was driven by strong demand in Europe, North America, and Japan, as well as increased sales in emerging growth products. EPS increased by 32% year over year to $1.21.

IPG Photonics reported strong Q3 2021 results with revenue of $379 million and earnings per diluted share of $1.40. The company saw increased demand in welding applications across most geographies and higher revenue in cutting in North America and Europe, as well as emerging products and applications.

IPG Photonics reported a strong second quarter with revenue of $372 million, a 25% increase year-over-year, and earnings per diluted share of $1.29, an 82% increase year-over-year. The company benefited from improved demand in Europe and the U.S., particularly in cutting and welding applications.

IPG Photonics reported a strong first quarter in 2021, with revenue increasing by 39% year-over-year to $346 million. Earnings per diluted share also saw significant growth, increasing by 85% to $1.26. The company benefited from strong demand in China and North America, as well as improvements in Europe.

IPG Photonics reported a strong fourth quarter, with revenue increasing by 10% year-over-year. Book-to-bill was above one, indicating strong order flow. Despite challenges from COVID-19, the company ended the year well-positioned for 2021.

IPG Photonics reported Q3 2020 revenue of $318.4 million, a 3% decrease year-over-year, but above the guidance range. Earnings per diluted share were $0.66, impacted by a $0.63 reduction due to a goodwill impairment charge. Despite the revenue decrease, gross margin improved by 160 basis points year-over-year. Sales growth in China and sequential improvement in Europe contributed to the results.

IPG Photonics reported a 19% year-over-year decrease in revenue to $296 million for Q2 2020, but exceeded their guidance range due to better-than-expected performance in China and strength in new products. EPS decreased 47% year over year to $0.71, which was reduced by $0.20 due to foreign exchange losses and restructuring charges. The company generated $73 million in cash from operations during the quarter.

IPG Photonics reported a 21% year-over-year decrease in first-quarter revenue, totaling $249 million. EPS decreased by 33% year-over-year to $0.68, but was positively impacted by foreign exchange gains of $0.28. The company's book-to-bill ratio was meaningfully greater than 1.0. They have increased the share repurchase program by $200 million.

IPG Photonics reported a 7% decrease in fourth-quarter revenue compared to the previous year, totaling $306.6 million. The company experienced a net loss per diluted share of $0.08, influenced by various charges. However, cash from operations remained strong at $130 million.