IPG Photonics Corporation (OQ:IPGP)
Business Focus: Electronic Repair Services
| Sector: Technology | Industry: Electronic Equipment & Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 377 Simarano Drive MARLBOROUGH MA 01752 |
| Tel: | 1-508-5974713 |
| Website: | https://www.ipgphotonics.com |
| IR: | See website |
| Key People | ||
| Mark M. Gitin Chief Executive Officer, Director | Eugene A. Shcherbakov Chief Executive Officer, Director | Timothy P.V. Mammen Chief Financial Officer, Senior Vice President |
| Alexander Ovtchinnikov Senior Vice President, Chief Technology Officer | Igor Samartsev Senior Vice President, Chief Scientist | Angelo P. Lopresti General Counsel, Secretary, Senior Vice President | Trevor D. Ness Senior Vice President - Sales and Strategic Business Development |
| Business Overview |
| IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers and diode lasers that are used for diverse applications, primarily in materials processing. The Company's portfolio of laser solutions is used in materials processing, medical and advanced applications. It designs and manufactures components used in its finished products, from semiconductor diodes to optical fiber preforms, finished fiber lasers and amplifiers. It manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors and chillers. The Company offers laser-based and non-laser-based systems for certain markets and applications. It sells its products to original equipment manufacturers (OEMs), system integrators and end users. It markets its products internationally, through its direct sales force. Its manufacturing facilities are located in the United States, Germany, Russia and Belarus. |
| Financial Overview |
| For the three months ended 31 March 2024, IPG Photonics Corporation revenues decreased 27% to $252M. Net income decreased 60% to $24.1M. Revenues reflect High Power Continous Wave segment decrease of 41% to $90.8M, Pulsed Lasers segment decrease of 38% to $34.8M, China segment decrease of 38% to $62.7M, Other including Eastern Europe/CIS segment decrease of 26% to $59.5M. |
| Employees: | 6,180 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,813M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,192M as of Mar 31, 2024 |
| EBITDA (TTM): | $240.56M as of Mar 31, 2024 |
| Net annual income (TTM): | $182.84M as of Mar 31, 2024 |
| Free cash flow (TTM): | $208.17M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 45,568,197 as of Apr 26, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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