Delivered Revenue At the High End of the Guidance Improved Gross Margin and Generated Strong Cash Flow From Operations MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the fourth quarter ended December 31, 2024.   Three Months EndedDecember 31,    Twelve Months EndedDecember 31,   (In millions, except per share data and percentages)  2024   2023  Change  2024   2023  ChangeRevenue $234.3  $298.9  (22)% $977.1  $1,287.4  (24)%Gross margin  38.6%  38.2%     34.6%  42.1%   Operating income (loss) $14.0  $28.8  (51)% $(208.3) $232.0  NM Operating margin  6.0%  9.6%    (21.3)%  18.0%   Net income (loss) attribut

MARLBOROUGH, Mass., Jan. 29, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP), the global leader in fiber laser technology, will showcase new and innovative fiber laser solutions at Photonics West, January 28-30, 2025 in San Francisco. The 1,200 square foot booth will display a wide range of laser sources and laser technologies designed to optimize performance in applications including cleaning, cutting, marking, micro-machining, and quantum computing.  Next-Generation High-Power Laser Platform Improves Performance and Power-to-Volume Ratio IPG will present their new YLS-RI fiber laser platform built with an improved internal architecture to maximize performance and ease

MARLBOROUGH, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its fourth quarter 2024 financial results before the market opens on Tuesday, February 11, 2025. 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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials

MARLBOROUGH, Mass., Dec. 02, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has completed its acquisition of Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The purchase of cleanLaser strengthens IPG's global position in high-precision laser systems for cleaning applications by bringing additional know-how, complementary market exposure, and product and technology synergies. "The acquisition of cleanLaser aligns with IPG's strategic focus on expanding into promising new markets and applications. This move further differentiates our business by enhancing our ability to deliver comprehensive solutions that provide customers

MARLBOROUGH, Mass., Nov. 20, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP), a global leader in fiber laser technology, proudly announces the release of a new laser designed specifically for additive manufacturing applications. The new laser series incorporates IPG's novel dual-beam lasers which offer independent control of the simultaneously emitted core and ring beams enabling unparalleled precision, efficiency, and reliability. IPG's capabilities in high-power lasers power these new 1 kW core, 3 kW ring (YLR-1000/3000-AMB) and 2 kW core, 2 kW ring (YLR-2000/2000-AMB) dual-beam rack lasers. The new YLR-AMB series with unique features tailored for the additive manufactu

 Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the third quarter ended September 30, 2024.      Three Months Ended September 30,    Nine Months Ended September 30,   (In millions, except per share data and percentages)  2024   2023  Change   2024   2023  Change Revenue $233.1  $301.4  (23)% $742.8  $988.5  (25)%Gross margin  23.2%  44.1%     33.4%  43.2%   Operating (loss) income $(253.3) $55.7  NM  $(222.2) $203.2  NM Operating margin (108.7)%  18.5%    (29.9)%  20.6%   Net (loss) income attributable to I

MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has signed a definitive agreement to acquire Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The transaction strengthens IPG's global position in high-precision laser systems for cleaning applications, an attractive growth market. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2024. The Company will provide more details on the transaction on its upcoming third-quarter earnings call, scheduled today for 10:00 a.m. ET. "This transaction will advanc

MARLBOROUGH, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials pro

MARLBOROUGH, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has sold its entire interest in its Russian subsidiary, IRE-Polus. The purchaser is a group led by Softline Projects LLC and current management of IRE-Polus. The sale marks the finalization of IPG's exit from all facilities in Russia, following imposed sanctions on trade after the start of the war with Ukraine. The proceeds from the transaction are $51 million before advisory and other fees. "Our team executed flawlessly to transition our manufacturing operations after the war's outbreak without any impact to our customers. Our ability to respond to adverse events out of

MARLBOROUGH, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the second quarter ended June 30, 2024.  Three Months Ended June 30,     Six Months Ended June 30,    (In millions, except per share data and percentages) 2024   2023   Change   2024   2023   Change Revenue$257.6  $340.0   (24)% $509.7  $687.1   (26)%Gross margin 37.3%  43.4%      38.0%  42.9%    Operating income$12.0  $72.1   (83)% $31.1  $147.5   (79)%Operating margin 4.7%  21.2%      6.1%  21.5%    Net income attributable to IPG Photonics Corporation$20.2  $62.3   (68)% $44.3  $122.5   (64)%Earnings per diluted share$0.45  $1.31   (66)% $0.97  $2.57   (62)%

CL King upgraded IPG Photonics from Neutral to Buy and set a new price target of $76.00

Northcoast downgraded IPG Photonics from Buy to Neutral

Seaport Research Partners downgraded IPG Photonics from Buy to Neutral

The Benchmark Company downgraded IPG Photonics from Buy to Hold

Citigroup downgraded IPG Photonics from Neutral to Sell and set a new price target of $74.00 from $111.00 previously

Seaport Research Partners initiated coverage of IPG Photonics with a rating of Buy and set a new price target of $125.00

Citigroup downgraded IPG Photonics from Buy to Neutral and set a new price target of $111.00 from $152.00 previously

Raymond James upgraded IPG Photonics from Outperform to Strong Buy and set a new price target of $170.00

Raymond James upgraded IPG Photonics from Mkt Perform to Outperform and set a new price target of $170.00

Raymond James upgraded IPG Photonics from Underperform to Mkt Perform

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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 with the assistance of a leading independent search firm and considered both internal and external candidates. Following Dr. Gitin's addition, the Boar

FREMONT, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced two major developments related to its laser program: a non-binding Memorandum of Understanding (MOU) with IPG Photonics Corporation (NASDAQ:IPGP), the leader in high-power fiber laser technology, to collaborate to develop cutting edge, next-generation laser tooling and methods to optimize battery cell manufacturing processes and productivity, and the appointment of Manuel Leonardo, an expert in the field of laser photonics, as Senior Staff Laser Engineer. Enovix believes these two devel

Demand Recovery Strengthens, Driving Revenue of $346 Million and Earnings per Diluted Share of $1.26 Eugene A. Scherbakov to become CEO and Valentin P. Gapontsev to transition to Executive Chairman of the Board OXFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the first quarter ended March 31, 2021. In a separate press release, the Company announced CEO transition, which is effective immediately.   Three Months Ended March 31,  (In millions, except per share data and percentages) 2021 2020 ChangeRevenue $345.6   $249.2   39 %Gross margin 47.5 % 41.3 %  Operating income $88.8   $44.8   98 %Operating margin 25.7 % 

 Eugene A. Scherbakov, COO, to become CEO Valentin P. Gapontsev, CEO, to transition to Executive Chairman of the Board and remain active OXFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced a management change, which is effective immediately. Eugene A. Scherbakov Ph.D., currently Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director, succeeds Valentin P. Gapontsev, Ph.D., as IPG Photonics' Chief Executive Officer. Dr. Valentin Gapontsev, founder of the Company and current CEO and Chairman of the Board, becomes Executive Chairman and continues his involvement in directing research and de

OXFORD, Mass., Jan. 07, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that the Company has appointed Ms. Jeanmarie Desmond and Ms. Natalia Pavlova to its board of directors, effective January 7, 2021. Mr. Igor Samartsev, the Company’s chief technology officer, is stepping down from his board seat. “We are delighted to welcome Jeanmarie and Natalia to IPG’s board of directors,” said Dr. Valentin Gapontsev, the chair and chief executive officer of IPG Photonics. “Jeanmarie’s broad financial expertise and experience in a large innovation-driven company will be invaluable to our efforts to capitalize on growth opportunities across our vertical and geographi

Delivered Revenue At the High End of the Guidance Improved Gross Margin and Generated Strong Cash Flow From Operations MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the fourth quarter ended December 31, 2024.   Three Months EndedDecember 31,    Twelve Months EndedDecember 31,   (In millions, except per share data and percentages)  2024   2023  Change  2024   2023  ChangeRevenue $234.3  $298.9  (22)% $977.1  $1,287.4  (24)%Gross margin  38.6%  38.2%     34.6%  42.1%   Operating income (loss) $14.0  $28.8  (51)% $(208.3) $232.0  NM Operating margin  6.0%  9.6%    (21.3)%  18.0%   Net income (loss) attribut

MARLBOROUGH, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its fourth quarter 2024 financial results before the market opens on Tuesday, February 11, 2025. 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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials

 Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the third quarter ended September 30, 2024.      Three Months Ended September 30,    Nine Months Ended September 30,   (In millions, except per share data and percentages)  2024   2023  Change   2024   2023  Change Revenue $233.1  $301.4  (23)% $742.8  $988.5  (25)%Gross margin  23.2%  44.1%     33.4%  43.2%   Operating (loss) income $(253.3) $55.7  NM  $(222.2) $203.2  NM Operating margin (108.7)%  18.5%    (29.9)%  20.6%   Net (loss) income attributable to I

MARLBOROUGH, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials pro

MARLBOROUGH, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the second quarter ended June 30, 2024.  Three Months Ended June 30,     Six Months Ended June 30,    (In millions, except per share data and percentages) 2024   2023   Change   2024   2023   Change Revenue$257.6  $340.0   (24)% $509.7  $687.1   (26)%Gross margin 37.3%  43.4%      38.0%  42.9%    Operating income$12.0  $72.1   (83)% $31.1  $147.5   (79)%Operating margin 4.7%  21.2%      6.1%  21.5%    Net income attributable to IPG Photonics Corporation$20.2  $62.3   (68)% $44.3  $122.5   (64)%Earnings per diluted share$0.45  $1.31   (66)% $0.97  $2.57   (62)%

MARLBOROUGH, Mass., July 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its second quarter 2024 financial results before the market opens on Tuesday, July 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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials proce

 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) -- IPG Photonics Corporation (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%  21.7%   Net income attributable to IPG Photonics Corporation $24.1  $60.1  (60)%Earnings per diluted share $0.52  $1.26  (59)%             Mana

MARLBOROUGH, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in material

 Continued Growth in Welding and Medical Applications Working Capital Discipline Resulted in Strong Cash Flow From Operations MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (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%      42.1%  38.9%  Operating income (loss)$28.8  $(88.5)  NM $232.0  $169.5   37%Operating margin 9.6%  (26.5)%  NM  18.0%  11.9%  Net income (

MARLBOROUGH, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (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 investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials p

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