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IPG Photonics Announces First Quarter 2024 Financial Results
IPG Photonics Announces First Quarter 2024 Financial Results Delayed E-mobility Investments and Soft Industrial Demand Negatively Impacted Results Strong Operating Cash Flow Benefited from Working Capital Management MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) today reported financial results for the first quarter ended March 31, 2024. Three Months Ended March 31, (In millions, except per share data and percentages) 2024 2023 ChangeRevenue $252.0 $347.2 (27)%Gross margin 38.7% 42.3% Operating income $19.1 $75.4 (75)%Operating margin 7.6% 21....
IPG Photonics Announces Leadership Transition
IPG Photonics Announces Leadership Transition Mark Gitin Appointed Next Chief Executive Officer and to Board of Directors Co-Founder Dr. Eugene Scherbakov to Remain a Member of the Board MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) (“IPG” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Mark Gitin, 57, as the next Chief Executive Officer of the Company and as a member of the Board, effective June 5, 2024. Dr. Gitin’s appointment follows a robust succession planning process, which was conducted w...
IPG Photonics to Announce First Quarter 2024 Financial Results on Apri...
IPG Photonics to Announce First Quarter 2024 Financial Results on April 30 MARLBOROUGH, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at . About IPG Ph...
IPG Photonics Announces Fourth Quarter 2023 Financial Results
IPG Photonics Announces Fourth Quarter 2023 Financial Results Continued Growth in Welding and Medical Applications Working Capital Discipline Resulted in Strong Cash Flow From Operations MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2023. Three Months EndedDecember 31, Twelve Months EndedDecember 31, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 ChangeRevenue$298.9 $333.5 (10)% $1,287.4 $1,429.5 (10)%Gross margin 38.2% 18.2% ...
IPG Photonics to Announce Fourth Quarter 2023 Financial Results on Feb...
IPG Photonics to Announce Fourth Quarter 2023 Financial Results on February 13 MARLBOROUGH, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its fourth quarter 2023 financial results before the market opens on Tuesday, February 13, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at . About IPG P...
IPG Presents New Technologies, Products and Solutions for E-mobility M...
IPG Presents New Technologies, Products and Solutions for E-mobility Manufacturing, Materials Processing and Specialized Applications at Photonics West 2024 MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco. The 2,000 square foot booth displays include a wide range of laser sources, integrated systems, and industry specific solutions along with numerous showcases of application samples. High-Efficiency Lasers and Heat Treatment Solutions Enable Man...
IPG Photonics and Miller Electric Mfg. LLC Announce Strategic Technolo...
IPG Photonics and Miller Electric Mfg. LLC Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market Two Industry Leaders Join Forces to Pioneer Innovations in Handheld Laser Welding Systems MARLBOROUGH, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, and Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, today announced a strategic partnership with a goal to further promote laser solutions for handheld welding applications. ...
IPG Photonics Announces Third Quarter 2023 Financial Results
IPG Photonics Announces Third Quarter 2023 Financial Results Weak Industrial Demand and Lower E-mobility Sales in China Negatively Impacted Results Gross Margin Improved to 44.1% Driven by Continued Focus on Manufacturing Costs and Efficiency MARLBOROUGH, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 ChangeRevenue $301.4 $349.0 (14)% $...
IPG Photonics to Announce Third Quarter 2023 Financial Results on Octo...
IPG Photonics to Announce Third Quarter 2023 Financial Results on October 31 MARLBOROUGH, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its third quarter 2023 financial results before the market opens on Tuesday, October 31, 2023. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at . About I...
IPG Photonics Showcases Cutting-Edge Technologies, Live Demonstrations...
IPG Photonics Showcases Cutting-Edge Technologies, Live Demonstrations and Sponsorship at FABTECH 2023 MARLBOROUGH, Mass., Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP), the world leader in fiber lasers, will showcase a wide array of laser solutions and live demos at FABTECH, which will take place at the McCormick Center in Chicago, IL from September 11-14, 2023. Superior Handheld Laser Welding & Cleaning Solutions IPG will be offering live hands-on LightWELD® system demonstrations for attendees at FABTECH in five welding cells. Special LightWELD events include live welding demonst...
IPG Photonics Launches New Dual-Beam Laser with the Highest Single-Mod...
IPG Photonics Launches New Dual-Beam Laser with the Highest Single-Mode Core Power at The Battery Show in Novi, Michigan MARLBOROUGH, Mass., Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP), the world leader in fiber laser technology, will highlight new and innovative laser solutions at The Battery Show from September 12-14, 2023 in Novi, Michigan, USA. The IPG booth will include industry-leading fiber laser sources and automated laser systems for EV battery welding applications. New Laser Technology Raises the Limits of Battery Welding Speeds Continuing to expand the industry’s wides...
IPG Photonics Announces Second Quarter 2023 Financial Results
IPG Photonics Announces Second Quarter 2023 Financial Results Continued Growth in Welding and Cleaning Applications Driven by E-Mobility Softer Demand in Industrial Markets Impacted Sales and Outlook MARLBOROUGH, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2023. Three Months Ended June 30, Six Months Ended June 30, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 ChangeRevenue $340.0 $377.0 (10)% $687.1 $747.0 (8)%Gross margin 43.4% 45.7% 42.9% 46....
IPG Photonics Announces Addition to its Board of Directors
IPG Photonics Announces Addition to its Board of Directors MARLBOROUGH, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) today announced that its Board of Directors has elected Kolleen Kennedy as a new director of the company, increasing the size of the Board to 11 members. “I am pleased to welcome Ms. Kennedy to the Board,” said John Peeler, non-executive Chair of the Board. “Ms. Kennedy brings more than 25 years of medical device industry experience that will be valuable to IPG as our medical sales continue to be a growth driver for the company." Dr. Eugene Scherbakov, IPG's Ch...
IPG Photonics to Announce Second Quarter 2023 Financial Results on Aug...
IPG Photonics to Announce Second Quarter 2023 Financial Results on August 1 MARLBOROUGH, Mass., July 18, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its second quarter 2023 financial results before the market opens on Tuesday, August 1, 2023. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at . About IPG Photoni...
IPG Photonics Corp: 1 director
A director at IPG Photonics Corp sold 3,822 shares at 135.850USD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
IPG Presents New Technologies, Products and Solutions for E-Mobility M...
IPG Presents New Technologies, Products and Solutions for E-Mobility Manufacturing, Materials Processing and Specialized Applications at Laser World of Photonics MARLBOROUGH, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at LASER World of Photonics on June 27 – 30, 2023 in Munich, Germany. The 400+ m2 booth displays include a staggering range of laser sources, laser system demonstrations, and integrated solutions along with numerous showcases full of application samples. Powering E-Mobility Manufacturing with High-Product...
IPG Photonics Announces First Quarter 2023 Financial Results
IPG Photonics Announces First Quarter 2023 Financial Results Growth in Welding Revenue with Record Results in E-Mobility and LightWELD Diversification Efforts Offsetting Softer Demand in Cutting and Marking Applications MARLBOROUGH, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: IPGP) today reported financial results for the first quarter ended March 31, 2023. Three Months Ended March 31, (In millions, except per share data and percentages) 2023 2022 ChangeRevenue $347.2 $370.0 (6)%Gross margin 42.3% 46.4% Operating income $75.4 $93.1 (19)%Operating margin 21.7% 25.2%...
IPG Photonics to Announce First Quarter 2023 Financial Results on May ...
IPG Photonics to Announce First Quarter 2023 Financial Results on May 2 MARLBOROUGH, Mass., April 18, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company’s website at . About IPG Photonics Corp...
IPG Photonics Announces Fourth Quarter 2022 Financial Results
IPG Photonics Announces Fourth Quarter 2022 Financial Results Continued Growth in E-mobility, Renewable Energy and Medical Inventory Related Charges, Impairment of Long-Lived Assets and Restructuring Charges Impact Operating Results MARLBOROUGH, Mass., Feb. 14, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2022. Three Months Ended December 31, Twelve Months Ended December 31, (In millions, except per share data and percentages) 2022 2021 Change 2022 2021 ChangeRevenue $333.5 $364.5 (8)% $1,429.5 $1,...
IPG Photonics to Announce Fourth Quarter 2022 Financial Results on Feb...
IPG Photonics to Announce Fourth Quarter 2022 Financial Results on February 14 OXFORD, Mass., Jan. 31, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: IPGP) will release its fourth quarter 2022 financial results before the market opens on Tuesday, February 14, 2023. The company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the company’s website at . About IPG Photon...
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