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Jun 30, 2021
IPG Photonics Q2 2021 Earnings Report
IPG Photonics' performance driven by increased economic activity and strategic focus, resulting in revenue growth and improved earnings.
Key Takeaways
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.
Revenue increased 25% year-over-year to $372 million, driven by improved demand in Europe and the U.S.
Earnings per diluted share increased 82% year-over-year to $1.29.
Materials processing sales accounted for 93% of total revenue, increasing 27% year-over-year.
Sales increased 10% in China, 50% in Europe, and 23% in North America.
Revenue by Segment
Forward Guidance
For the third quarter of 2021, IPG expects revenue of $350 to $380 million and earnings per diluted share in the range of $1.10 to $1.40.
Positive Outlook
- Strength in battery and other precision applications in China
- Robust revenue expected outside of China
- Significant long-term growth opportunities
- Leading market position in cutting
- New product introductions such as the LightWELD handheld laser
Challenges Ahead
- More difficult comparison to the third quarter 2020
- Deliveries for cutting applications in China are likely to be extended
- Continued uncertainty due to the ongoing impact of supply chain constraints on our customers
- Impacts of COVID-19 on our business
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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