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Dec 31, 2021
IPG Photonics Q4 2021 Earnings Report
IPG Photonics' Q4 2021 financial performance was driven by growth in Europe, North America, and Japan, along with increased sales of emerging growth products, resulting in exceeding revenue guidance.
Key Takeaways
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.
Fourth quarter revenue increased 8% year over year to $364 million.
Emerging growth products sales were 38% of total revenue, increasing 57% year over year.
Sales increased 37% in Europe, 30% in North America, and 56% in Japan, while decreasing 20% in China.
Earnings per diluted share (EPS) increased by 32% year over year to $1.21.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2022, IPG expects revenue of $320 to $350 million. The Company expects the first quarter tax rate to be approximately 26%. IPG anticipates delivering earnings per diluted share in the range of $0.85 to $1.15.
Positive Outlook
- Pursuing profitable growth opportunities for IPG products in electric vehicle applications
- Pursuing profitable growth opportunities for IPG products in renewable energy
- Pursuing profitable growth opportunities for IPG products in handheld welding
- Pursuing profitable growth opportunities for IPG products in medical markets
- Pursuing profitable growth opportunities for IPG products in ultrafast lasers
Challenges Ahead
- Diversifying away from the highly competitive high power cutting market in China.
- This will be a transition year for IPG
- Expected strength in emerging growth products
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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