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: 1-508-3731467
Website: https://www.ipgphotonics.com
IR: See website
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Key People
Valentin P. Gapontsev
Chairman of the Board, Chief Executive Officer
Timothy P.V. Mammen
Chief Financial Officer and Senior Vice President
Eugene A. Shcherbakov
Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President - Europe and Director
Angelo P. Lopresti
General Counsel, Secretary and 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, Director
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 nine months ended 30 September 2020, IPGPhotonics Corporation revenues decreased 14% to $864.1M.Net income decreased 40% to $110.2M. Revenues reflect HighPower Continous Wave segment decrease of 20% to $461.2M,Quasi Continous Wave Lasers segment decrease of 39% to$38.7M, China segment decrease of 9% to $361.9M, Otherincluding Eastern Europe/CIS segment decrease of 18% to$158.7M. Net income also reflects Interest income.
Employees: 5,960 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $9,585M as of Sep 30, 2020
Annual revenue (TTM): $1,171M as of Sep 30, 2020
EBITDA (TTM): $305.83M as of Sep 30, 2020
Net annual income (TTM): $105.78M as of Sep 30, 2020
Free cash flow (TTM): $242.09M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 53,300,660 as of Nov 2, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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