IPG Photonics Corporation (OQ:IPGP)

Sector:  Technology Industry:  Electronic Equipment & Parts
See Regulatory Filings on SEC
Company Contact
Address: 50 Old Webster Rd
OXFORD MA 01540-2706
Tel: 1-508-5974713
Website: https://www.ipgphotonics.com
IR: See website
Key People
Valentin P. Gapontsev
Executive Chairman of the Board
Eugene A. Shcherbakov
Chief Executive Officer, Director
Timothy P.V. Mammen
Chief Financial Officer and Senior Vice President
Angelo P. Lopresti
General Counsel, Secretary, Senior Vice President
Trevor D. Ness
Senior Vice President - Worldwide Sales and Marketing
Alexander Ovtchinnikov
Senior Vice President - Components
Felix I. Stukalin
Senior Vice President - North America Operations
Igor Samartsev
Chief Technology Officer
Thomas J. Burgomaster
Chief Accounting Officer, Vice President, Controller, Principal Accounting Officer
Business Overview
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Company's manufacturing facilities are located in the United States, Germany and Russia. The Company offers laser-based systems for certain markets and applications. Its products are designed to be used as general-purpose energy or light sources. Its product line includes High-Power Ytterbium CW (1,000-100,000 Watts), Mid-Power Ytterbium CW (100-999 Watts), Pulsed Ytterbium (0.1 to 200 Watts), Pulsed and CW, Quasi-CW Ytterbium (100-4,500 Watts), Erbium Amplifiers and Transceivers.
Financial Overview
For the three months ended 31 March 2021, IPGPhotonics Corporation revenues increased 39% to $345.6M.Net income increased 87% to $68.1M. Revenues reflect HighPower Continous Wave segment increase of 43% to $170.5M,Pulsed Lasers segment increase of 74% to $55.4M, Chinasegment increase from $68.6M to $139.8M, Other segmentincrease of 45% to $33.1M. Net income benefited from Otherincome (expense), net increase of 32% to $253K (income).
Employees: 6,060 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $9,491M as of Mar 31, 2021
Annual revenue (TTM): $1,297M as of Mar 31, 2021
EBITDA (TTM): $382.23M as of Mar 31, 2021
Net annual income (TTM): $191.30M as of Mar 31, 2021
Free cash flow (TTM): $218.78M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 53,578,610 as of May 4, 2021
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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