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, manufacturer and seller of fiber lasers, fiber amplifiers and diode lasers that are used for applications in materials processing. Its portfolio of laser solutions is used in materials processing, communications, medical and advanced applications. It sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. Its manufacturing facilities are located in the United States, Germany, Russia and Belarus. It classifies its principal end markets as material processing, advanced applications, communications and medical procedures. The Company designs and manufactures key 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.
Financial Overview
For the six months ended 30 June 2021, IPG PhotonicsCorporation revenues increased 31% to $717.2M. Net incomeincreased 85% to $137.9M. Revenues reflect High PowerContinous Wave segment increase of 30% to $360.2M, PulsedLasers segment increase of 57% to $117.2M, China segmentincrease of 40% to $298.9M, Other segment increase of 78%to $70.8M.
Employees: 6,060 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $7,450M as of Jun 30, 2021
Annual revenue (TTM): $1,372M as of Jun 30, 2021
EBITDA (TTM): $417.07M as of Jun 30, 2021
Net annual income (TTM): $222.87M as of Jun 30, 2021
Free cash flow (TTM): $253.60M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 53,496,953 as of Aug 3, 2021
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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