SEC Form ARS filed by IPG Photonics Corporation

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 % 

10-Q - IPG PHOTONICS CORP (0001111928) (Filer)

8-K - IPG PHOTONICS CORP (0001111928) (Filer)

8-K - IPG PHOTONICS CORP (0001111928) (Filer)

 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)%

4 - IPG PHOTONICS CORP (0001111928) (Issuer)

4 - IPG PHOTONICS CORP (0001111928) (Issuer)

4 - IPG PHOTONICS CORP (0001111928) (Issuer)

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

Citigroup analyst Jamie Wang maintains IPG Photonics (NASDAQ:IPGP) with a Sell and lowers the price target from $74 to $68.

Across the recent three months, 4 analysts have shared their insights on IPG Photonics (NASDAQ:IPGP), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 0 0 2 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 2 Analysts have recently evaluated IPG Photonics and provided 12-month price targets. The average target is $92.25, accompanied by a high estimate of $115.00 and a low estimate of $74.00. Thi