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Mar 31, 2021
IPG Photonics Q1 2021 Earnings Report
IPG Photonics' Q1 2021 results were driven by strong demand recovery, with revenue reaching $346 million and earnings per diluted share at $1.26.
Key Takeaways
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.
Revenue increased by 39% year-over-year, reaching $346 million.
Earnings per diluted share increased by 85% year-over-year to $1.26.
Material processing sales increased 45% year-over-year, accounting for 92% of total revenue.
Sales increased significantly in China, Europe, and North America, while decreasing in Japan.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2021, IPG expects revenue of $360 to $390 million and earnings per diluted share in the range of $1.20 to $1.50.
Positive Outlook
- Strong bookings for core high power fiber lasers used in cutting and welding applications.
- Increased demand for newer emerging products in medical applications.
- Growth in electric vehicle battery production and solar cell manufacturing.
- Increasing energy efficiency and sustainability trends.
- Displacement of legacy non-laser processes.
Challenges Ahead
- COVID-19 pandemic and its associated impacts to the global business environment.
- Public health requirements and government mandates.
- Product demand fluctuations.
- Order cancellations and delays.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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