IPG Photonics Announces First Quarter 2024 Financial Results [Yahoo! Finance]
IPG Photonics Corporation (IPGP)
Last ipg photonics corporation earnings: 2/13 08:00 am
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Source: Yahoo! Finance
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) Change Revenue Gross margin Operating income Operating margin Net income attributable to IPG Photonics Corporation Earnings per diluted share Management Comments "In the first quarter, we continued to generate strong cash flow from operations, reduce inventory and control manufacturing expenses, in spite of the challenging conditions. We also remained focused on our strategy to unlock additional growth opportunities for fiber lasers such as welding, cleaning, heating and medical, which would allow us to diversify our revenue away from highly competitive markets," said Dr. Eugene Scherbakov, IPG Photonics' Chief Executive Officer. "While delayed investments in electric battery capacity worldwide, soft industrial
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IPGP
News
- IPG Photonics Launches Cobot Laser Welding and Cleaning System [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Launches Cobot Laser Welding and Cleaning SystemGlobeNewswire
- Investing in IPG (IPGP)? Don't Miss Assessing Its International Revenue Trends [Yahoo! Finance]Yahoo! Finance
- IPG Photonics First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- IPG Photonics Co. (NASDAQ: IPGP) had its price target lowered by analysts at Citigroup Inc. from $74.00 to $68.00. They now have a "sell" rating on the stock.MarketBeat
IPGP
Earnings
- 4/30/24 - Beat
IPGP
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form ARS
- 5/9/24 - Form DEF
- IPGP's page on the SEC website