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Feb 14, 2017
IPG Photonics Appoints Dr. Eugene Scherbakov as Chief Operating Officer
IPG Photonics Corporation today announced that Managing Director, IPG Laser GmbH and Senior Vice President, Europe and member of the Board of Directors Eugene Scherbakov, Ph.D. will also serve in the newly created position of Chief Operating Officer, effective February 14, 2017. Scherbakov will continue to report to Dr. Valentin Gapontsev, IPG Photonics'...
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Feb 14, 2017
IPG Photonics Reports 25% Revenue Growth for Fourth Quarter 2016
"IPG delivered another year of record results in 2016 exceeding $1 billion in sales for the first time as we celebrate our 10th anniversary as a public company," said Dr. Record sales of $280.1 million increased 25% year-over-year for the fourth quarter driven by continued strength in materials processing. We achieved a strong gross margin of 55.5% and a 22%...
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Jan 30, 2017
IPG Photonics Reports Preliminary Fourth Quarter 2016 Financial Results in Advance of Photonics West Conference
For the fourth quarter, IPG expects to report revenue of approximately $280 million compared with the previously guided range of $255 million to $270 million, and earnings per diluted share in the range of $1.39 to $1.42, including a benefit of $0.02 from foreign exchange, compared with previous guidance of between $1.17 and $1.32 per diluted share.
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Jan 04, 2017
IPG Photonics to Present at 19th Annual Needham Growth Conference
IPG Photonics Corporation today announced that management will be presenting at the 19 th Annual Needham Growth Conference on Tuesday, January 10, 2017 at 2:10 p.m. ET. A live audio webcast of the presentation will be available through the“ Investors” section of IPG’ s website at www.ipgphotonics.com. IPG has its headquarters in Oxford, Massachusetts, and has...
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Oct 27, 2016
IPG Photonics Reports 9% Revenue Growth for Third Quarter 2016
IPG Photonics Corporation today reported financial results for the third quarter ended September 30, 2016.. Valentin Gapontsev, IPG Photonics' Chief Executive Officer.“ Sales of $266 million were above the high end of our guidance range, reflecting a rebound in our core materials processing applications driven by increased demand in Asia, North America and...
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Oct 17, 2016
IPG Photonics Corporation to Announce Third-Quarter 2016 Financial Results on October 27
IPG Photonics Corporation announced today that in conjunction with its scheduled quarterly financial results news release, Chairman and Chief Executive Officer Dr. Valentin P. Gapontsev and Senior Vice President and Chief Financial Officer Timothy P.V. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout...
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Aug 04, 2016
IPG Photonics to Present at 36th Annual Canaccord Genuity Growth Conference
IPG Photonics Corporation today announced that management will be presenting at the 36 th Annual Canaccord Genuity Growth Conference on Thursday, August 11, 2016 at 11:00 a.m. ET. A live audio webcast of the presentation will be available through the“ Investors” section of IPG’ s website at www.ipgphotonics.com. IPG has its headquarters in Oxford,...
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Jul 28, 2016
IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016
IPG Photonics Corporation today reported financial results for the second quarter ended June 30, 2016.. "We achieved record quarterly revenue of $252.8 million, with a solid gross margin of 54.5% and earnings per diluted share of $1.25, a 9% improvement over the same period last year. On a geographic basis, IPG reported strong growth in North America, while sales...
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Jul 14, 2016
IPG Photonics Corporation to Announce Second-Quarter 2016 Financial Results on July 28
IPG Photonics Corporation announced today that in conjunction with its scheduled quarterly financial results news release, Chairman and Chief Executive Officer Dr. Valentin P. Gapontsev and Senior Vice President and Chief Financial Officer Timothy P.V. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout...
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Jul 07, 2016
IPG Photonics Appoints Catherine Lego to Board of Directors
IPG Photonics Corporation today announced that Catherine P. Lego has been appointed to its Board of Directors effective July 6, 2016. Lego is principal and founder of Lego Ventures, LLC, a California- based firm that provides consulting services to early-stage technology companies. Lego, who will serve on the Company’ s Audit Committee and Compensation...
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May 23, 2016
IPG Photonics to Participate in Upcoming Investor Conferences
ET at the Ritz-Carlton Hotel in San Francisco. 2016 Stifel Technology, Internet& Media Conference on Monday, June 6 at 10:55 a.m. PT/1: 55 p.m. ET at The Fairmont Hotel in San Francisco.. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout the world.
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May 09, 2016
IPG Photonics Acquires Menara Networks to Capitalize on Growing Optical Pluggable Systems Market
IPG Photonics Corporation today announced that it has entered into a definitive agreement to acquire Menara Networks, Inc., an innovator of enhanced optical transmission modules and systems, allowing IPG to offer more integrated telecom solutions and expanding IPG’ s current telecom product offerings. Menara’ s products are deployed in leading cable...
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May 02, 2016
IPG Photonics to Host 2016 Investor Day
IPG Photonics Corporation, a world leader in high-power fiber lasers and amplifiers, today announced that it will webcast its Inaugural Investor Day on Wednesday, May 11, 2016 from approximately 9:00 a.m. to 12:00 Noon ET. IPG’ s management team will discuss the Company’ s corporate strategy, growth prospects and industry dynamics. IPG has its headquarters in...
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Apr 28, 2016
IPG Photonics Reports 4% Revenue Growth for First Quarter 2016
First-quarter 2016 EPS of $0.92 included $0.07 per share related to foreign exchange losses, compared with Q1 2015 EPS of $1.08, which included an $0.11 foreign exchange gain. " Geographically, IPG reported strong growth in North America, China and Turkey, while sales were lower in Korea, Japan and Russia. Despite foreign exchange headwinds and continuing...
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Apr 18, 2016
IPG Photonics Corporation to Announce First-Quarter 2016 Financial Results on April 28
IPG Photonics Corporation announced today that in conjunction with its scheduled quarterly financial results news release, Chairman and Chief Executive Officer Dr. Valentin P. Gapontsev and Senior Vice President and Chief Financial Officer Timothy P.V. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout...
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Feb 12, 2016
IPG Photonics Reports 8% Revenue Growth for Fourth Quarter 2015 Driven by Double-Digit Gains in Asian Sales
For the full year we grew our top line by 17% to $901.3 million and our earnings per diluted share by 20% to $4.53. Geographically, IPG achieved double digit growth in China and Japan, more moderate growth in Northern and Western Europe and sales declines in Russia and Turkey. In North America, double-digit growth in materials processing applications was offset...
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Feb 02, 2016
IPG Photonics Corporation to Announce Fourth-Quarter 2015 Financial Results on February 12
IPG Photonics Corporation announced today that in conjunction with its scheduled quarterly financial results news release, Chairman and Chief Executive Officer Dr. Valentin P. Gapontsev and Senior Vice President and Chief Financial Officer Timothy P.V. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout...
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Jan 08, 2016
IPG Photonics to Present at 18th Annual Needham Growth Conference
IPG Photonics Corporation today announced that management will be presenting at the 18 th Annual Needham Growth Conference on Tuesday, January 12, 2016 at 8:40 a.m. ET. A live audio webcast of the presentation will be available through the“ Investors” section of IPG’ s website at www.ipgphotonics.com. IPG has its headquarters in Oxford, Massachusetts, and has...
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Oct 27, 2015
IPG Photonics Reports 22% Revenue Growth for Third Quarter 2015
"IPG delivered another strong quarter, growing revenues by 22% year-over-year to a record $243.5 million for the third quarter of 2015," said Dr. In the third quarter, earnings per diluted share increased by 12% to $1.18, which includes foreign exchange losses that reduced earnings per share by $0.06. " On a geographic basis, IPG reported strong growth in North...
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Oct 15, 2015
IPG Photonics Corporation to Announce Third-Quarter 2015 Financial Results on October 27
IPG Photonics Corporation announced today that in conjunction with its scheduled quarterly financial results news release, Chairman and Chief Executive Officer Dr. Valentin P. Gapontsev and Senior Vice President and Chief Financial Officer Timothy P.V. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout...
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