IPG Photonics reports Q4 adjusted EPS 46c, consensus 25c

Reports Q4 revenue $274.5M, consensus $249.53M. “We delivered fourth quarter results above our expectations with another quarter of double-digit year-over-year revenue growth,” said Dr. Mark Gitin, Chief Executive Officer of IPG Photonics (IPGP). “Our performance was driven by the team’s execution on our key strategic initiatives, growth in additive and battery manufacturing, and continued stabilization in industrial demand. We have strengthened our organization, improved operational discipline, and continued to invest in innovation and new product roadmaps to ensure that IPG is well positioned for long-term, sustainable and profitable growth.”