IPG Photonics reports Q1 adjusted EPS 31c, consensus 20c

Reports Q1 revenue $227.8M, consensus $224.68M. “IPG had a strong start to the year, delivering revenue, adjusted earnings per share and adjusted EBITDA above the midpoint of our guidance and gaining early traction in key areas that are central to our strategy, including medical, micromachining, and advanced applications,” said Dr. Mark Gitin, Chief Executive Officer of IPG Photonics (IPGP). “We’re confident that our strategy will further differentiate our products, unlock new market opportunities, and fuel our long-term growth.”