Loading...
•
Dec 31, 2020
IPG Photonics Q4 2020 Earnings Report
Delivered revenue that was 10% higher than the fourth quarter 2019, driven by higher sales in cutting applications and strength in advanced applications and devices used in medical procedures.
Key Takeaways
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.
Revenue increased 10% year over year.
Materials processing accounted for 90% of total revenue, increasing 10% year over year.
Sales in China increased 52%, while sales decreased in Europe, Japan and North America.
Earnings per diluted share increased by more than 100% year over year.
Revenue by Segment
Forward Guidance
For the first quarter of 2021, IPG expects revenue of $310 to $340 million and earnings per diluted share in the range of $0.90 to $1.20.
Positive Outlook
- Sales improve in core materials processing market
- Ability to grow in other applications outside of cutting and welding
- Growth primarily in advanced applications
- Growth in electric vehicle battery processing
- Growth in micro-processing and medical
Challenges Ahead
- Considerable macroeconomic uncertainty related to the pandemic remains
- Financial guidance is subject to greater risk and uncertainty given the COVID-19 pandemic
- Impacts on the global business environment
- Impacts on public health requirements
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
Loading earnings performance data...
Loading earnings reaction data...