IPG Photonics Announces Fourth Quarter 2024 Financial Results
IPG Photonics (NASDAQ: IPGP) reported Q4 2024 financial results with revenue of $234.3 million, down 22% year-over-year but at the high end of guidance. The company saw a gross margin improvement to 38.6%, up 40 basis points from the previous year. Earnings per diluted share decreased 80% to $0.18.
Materials processing sales, accounting for 85% of total revenue, declined 24% year-over-year. Regional performance showed decreases of 31% in North America, 22% in China and Europe, while Japan grew 15%. The company generated $74 million in cash from operations and spent $23 million on capital expenditures and $57 million on share repurchases.
For Q1 2025, IPG expects revenue between $210-240 million, with gross margin of 36-39% and adjusted EPS of $0.05-0.35. Total backlog stood at $636 million, showing an 8% decrease.
IPG Photonics (NASDAQ: IPGP) ha riportato i risultati finanziari per il quarto trimestre del 2024, con ricavi pari a 234,3 milioni di dollari, in calo del 22% rispetto all'anno precedente, ma ai limiti superiori delle attese. L'azienda ha registrato un miglioramento del margine lordo al 38,6%, in aumento di 40 punti base rispetto all'anno precedente. Gli utili per azione diluiti sono diminuiti dell'80%, attestandosi a 0,18 dollari.
Le vendite nella lavorazione dei materiali, che rappresentano l'85% del fatturato totale, sono calate del 24% rispetto all'anno precedente. Le performance regionali hanno mostrato un calo del 31% in Nord America, del 22% in Cina e in Europa, mentre il Giappone è cresciuto del 15%. L'azienda ha generato 74 milioni di dollari in contante dalle operazioni e ha speso 23 milioni di dollari in spese in conto capitale e 57 milioni di dollari in riacquisti di azioni.
Per il primo trimestre del 2025, IPG prevede ricavi tra 210 e 240 milioni di dollari, con margini lordi del 36-39% e utili per azione rettificati tra 0,05 e 0,35 dollari. L'ammontare totale degli ordini in corso è stato di 636 milioni di dollari, mostrando un calo dell'8%.
IPG Photonics (NASDAQ: IPGP) reportó resultados financieros del cuarto trimestre de 2024 con ingresos de 234,3 millones de dólares, una disminución del 22% interanual, pero en el extremo superior de las previsiones. La empresa vio una mejora en el margen bruto del 38,6%, un aumento de 40 puntos básicos en comparación con el año anterior. Las ganancias por acción diluida disminuyeron un 80%, alcanzando los 0,18 dólares.
Las ventas de procesamiento de materiales, que representan el 85% de los ingresos totales, cayeron un 24% interanual. El rendimiento regional mostró disminuciones del 31% en América del Norte, del 22% en China y Europa, mientras que Japón creció un 15%. La empresa generó 74 millones de dólares en efectivo de las operaciones y gastó 23 millones de dólares en gastos de capital y 57 millones de dólares en recompras de acciones.
Para el primer trimestre de 2025, IPG espera ingresos entre 210 y 240 millones de dólares, con un margen bruto del 36-39% y una EPS ajustada de 0,05 a 0,35 dólares. La cartera total de pedidos fue de 636 millones de dólares, lo que muestra una disminución del 8%.
IPG Photonics (NASDAQ: IPGP)는 2024년 4분기 재무 결과를 보고하며 수익이 2억 3천 4백만 달러로 전년 대비 22% 감소했지만 예상치의 상단에 해당한다고 밝혔습니다. 회사는 총 매출의 38.6%에 해당하는 총 마진이 전년 대비 40bp 상승했습니다. 희석 주당 순이익은 80% 감소하여 0.18달러에 달했습니다.
재료 가공 판매는 총 수익의 85%를 차지하며 전년 대비 24% 감소했습니다. 지역별 성과는 북미에서 31%, 중국과 유럽에서 22% 감소했으며, 일본은 15% 성장했습니다. 회사는 운영에서 7천 4백만 달러의 현금을 생성하고, 자본 지출에 2천 3백만 달러, 자사주 매입에 5천 7백만 달러를 지출했습니다.
2025년 1분기에 IPG는 2억 1천만에서 2억 4천만 달러 사이의 매출을 예상하며, 총 마진은 36-39%, 조정된 EPS는 0.05-0.35달러로 봅니다. 총 백로그는 6억 3천 6백만 달러로 8% 감소했습니다.
IPG Photonics (NASDAQ: IPGP) a rapporté des résultats financiers pour le quatrième trimestre 2024 avec un chiffre d'affaires de 234,3 millions de dollars, en baisse de 22% par rapport à l'année précédente, mais au haut de la fourchette des prévisions. L'entreprise a observé une amélioration de la marge brute à 38,6%, en hausse de 40 points de base par rapport à l'année dernière. Le bénéfice par action dilué a diminué de 80% pour atteindre 0,18 dollar.
Les ventes de traitement des matériaux, représentant 85% du chiffre d'affaires total, ont chuté de 24% par rapport à l'année précédente. Les performances régionales ont montré des diminutions de 31% en Amérique du Nord, de 22% en Chine et en Europe, tandis que le Japon a connu une croissance de 15%. L'entreprise a généré 74 millions de dollars de flux de trésorerie provenant des opérations et a dépensé 23 millions de dollars en dépenses d'investissement et 57 millions de dollars en rachats d'actions.
Pour le premier trimestre 2025, IPG prévoit des revenus compris entre 210 et 240 millions de dollars, avec une marge brute de 36 à 39% et un bénéfice par action ajusté de 0,05 à 0,35 dollar. Le carnet de commandes total s'élevait à 636 millions de dollars, montrant une baisse de 8%.
IPG Photonics (NASDAQ: IPGP) berichtete über die finanziellen Ergebnisse des vierten Quartals 2024 mit einem Umsatz von 234,3 Millionen US-Dollar, was einem Rückgang von 22% im Jahresvergleich entspricht, jedoch am oberen Ende der Prognosen liegt. Das Unternehmen verzeichnete eine Verbesserung der Bruttomarge auf 38,6%, was einem Anstieg um 40 Basispunkte im Vergleich zum Vorjahr entspricht. Der Gewinn pro verwässerter Aktie sank um 80% auf 0,18 US-Dollar.
Der Umsatz im Bereich der Materialverarbeitung, der 85% des Gesamtumsatzes ausmacht, sank um 24% im Vergleich zum Vorjahr. Die regionale Leistung zeigte Rückgänge von 31% in Nordamerika, 22% in China und Europa, während Japan um 15% wuchs. Das Unternehmen generierte 74 Millionen US-Dollar an Betriebs-Cashflow und gab 23 Millionen US-Dollar für Investitionen und 57 Millionen US-Dollar für Aktienrückkäufe aus.
Für das erste Quartal 2025 erwartet IPG einen Umsatz von 210-240 Millionen US-Dollar, mit einer Bruttomarge von 36-39% und einem bereinigten EPS von 0,05-0,35 US-Dollar. Der gesamte Auftragsbestand belief sich auf 636 Millionen US-Dollar, was einem Rückgang von 8% entspricht.
- Gross margin improved to 38.6%, up 40 basis points year-over-year
- Generated strong cash flow of $74 million from operations
- Japan sales increased 15% year-over-year
- Emerging growth products increased to 48% of total revenue
- Revenue declined 22% year-over-year to $234.3 million
- EPS decreased 80% to $0.18
- Materials processing sales dropped 24% year-over-year
- Total backlog decreased 8% to $636 million
- Book-to-bill ratio below 1 in Q4
- High effective tax rate of 64% due to unusual tax items
Insights
IPG Photonics' Q4 2024 results reveal a complex picture of a company navigating significant headwinds while positioning for future growth. The 22% revenue decline to
Several bright spots emerge amid the downturn: The share of emerging growth products reached
The company's financial management deserves attention: Strong cash flow generation of
The Q1 2025 guidance of
Delivered Revenue At the High End of the Guidance
Improved Gross Margin and Generated Strong Cash Flow From Operations
MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2024.
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||||||||||||||||||||
| (In millions, except per share data and percentages) | 2024 | 2023 | Change | 2024 | 2023 | Change | ||||||||||||||||
| Revenue | $ | 234.3 | $ | 298.9 | (22 | )% | $ | 977.1 | $ | 1,287.4 | (24 | )% | ||||||||||
| Gross margin | 38.6 | % | 38.2 | % | 34.6 | % | 42.1 | % | ||||||||||||||
| Operating income (loss) | $ | 14.0 | $ | 28.8 | (51 | )% | $ | (208.3 | ) | $ | 232.0 | NM | ||||||||||
| Operating margin | 6.0 | % | 9.6 | % | (21.3 | )% | 18.0 | % | ||||||||||||||
| Net income (loss) attributable to IPG Photonics Corporation | $ | 7.8 | $ | 41.4 | (81 | )% | $ | (181.5 | ) | $ | 218.9 | NM | ||||||||||
| Earnings (loss) per diluted share | $ | 0.18 | $ | 0.89 | (80 | )% | $ | (4.09 | ) | $ | 4.63 | NM | ||||||||||
NM - not meaningful.
Management Comments
“Our revenue was at the high end of our guidance, and we delivered strong cash flow from operations despite challenging demand,” said Dr. Mark Gitin, IPG Photonics’ Chief Executive Officer. "In this environment, we are focused on managing our costs, investing in strategic growth initiatives and strengthening our execution. We believe these efforts will help IPG differentiate and win in emerging laser applications, delivering sustainable and profitable growth over the long term."
Financial Highlights
Fourth quarter revenue of
Gross margin of
Business Outlook and Financial Guidance
Total backlog was
“Global industrial demand remains subdued so far in early 2025, which was reflected in our book-to-bill ratio of slightly below one for the fourth quarter. However, with our leading product portfolio, expertise across laser solutions, and strong balance sheet, we believe that we will be well-positioned when the market rebounds. We are navigating through this environment by focusing on execution, managing costs and redeploying the savings to fund strategic investments in long-term growth opportunities, which we expect to show results in 2026 and beyond,” concluded Dr. Gitin.
For the first quarter of 2025, IPG expects revenue of
As discussed in more detail in the "Safe Harbor" passage of this news release, actual results may differ from this guidance due to various factors including, but not limited to, trade policy changes and trade restrictions, product demand, order cancellations and delays, competition, tariffs, currency fluctuations and general economic conditions. This guidance is based upon current market conditions and expectations, and is subject to the risks outlined in the Company's reports filed with the SEC, and assumes exchange rates relative to the U.S. dollar of
Supplemental Financial Information
Additional supplemental financial information is provided in the unaudited Financial Data Workbook and Fourth Quarter 2024 Earnings Call Presentation available on the investor relations section of the Company's website at investor.ipgphotonics.com.
Conference Call Reminder
The Company will hold a conference call today, February 11, 2025 at 10:00 am ET. To access the call, please dial 877-407-6184 in the US or 201-389-0877 internationally. A live webcast of the call will also be available and archived on the investor relations section of the Company's website at investor.ipgphotonics.com.
Contact
Eugene Fedotoff
Senior Director, Investor Relations
IPG Photonics Corporation
508-597-4713
efedotoff@ipgphotonics.com
About IPG Photonics Corporation
IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide. For more information, visit www.ipgphotonics.com.
Safe Harbor Statement
Information and statements provided by IPG and its employees, including statements in this press release, that relate to future plans, events or performance are forward-looking statements. These statements involve risks and uncertainties. Any statements in this press release that are not statements of historical fact are forward-looking statements, including those statements related to managing our costs effectively, investing in strategic growth initiatives and strengthening our execution, helping IPG to differentiate and win in emerging laser applications, delivering sustainable and profitable growth over the long term, being well-positioned for a market recovery, focusing on execution, managing costs and redeploying the savings to fund strategic investments, expectation to show results in 2026 and beyond, and statements related to revenue, gross margin and operating expenses outlook, tax rate, earnings, adjusted earnings per share and adjusted EBITDA guidance, and the impact of the U.S. dollar on our guidance for first quarter of 2025. Factors that could cause actual results to differ materially include risks and uncertainties, including risks associated with the strength or weakness of the business conditions in industries and geographic markets that IPG serves, particularly the effect of downturns in the markets IPG serves; uncertainties and adverse changes in the general economic conditions of markets; inability to manage risks associated with international customers and operations; changes in trade controls and trade policies; IPG's ability to penetrate new applications for fiber lasers and increase market share; the rate of acceptance and penetration of IPG's products; foreign currency fluctuations; high levels of fixed costs from IPG's vertical integration; the appropriateness of IPG's manufacturing capacity for the level of demand; competitive factors, including declining average selling prices; the effect of acquisitions and investments; inventory write-downs; asset impairment charges; intellectual property infringement claims and litigation; interruption in supply of key components; manufacturing risks; government regulations and trade sanctions; and other risks identified in IPG's SEC filings. Readers are encouraged to refer to the risk factors described in IPG's Annual Report on Form 10-K (filed with the SEC on February 21, 2024) and IPG's reports filed with the SEC, as applicable. Actual results, events and performance may differ materially. Readers are cautioned not to rely on the forward-looking statements, which speak only as of the date hereof. IPG undertakes no obligation to update the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Use of Non-GAAP Adjusted Financial Information
We refer to certain financial measures that are not recognized under United States generally accepted accounting principles (“GAAP”) and are provided as supplemental information to enhance understanding of the company’s financial performance. These measures should not be considered as a substitute for, or superior to, GAAP financial measures.
We have not provided a quantitative reconciliation of forward-looking Non-GAAP net earnings per diluted share and Adjusted EBITDA to their most directly comparable GAAP financial measures because we are unable to estimate with reasonable certainty the ultimate timing or amount of certain significant items without unreasonable efforts. These items include, but are not limited to, the amortization of acquired intangible assets of
| IPG PHOTONICS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | |||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| (In thousands, except per share data) | |||||||||||||||
| Net sales | $ | 234,337 | $ | 298,893 | $ | 977,134 | $ | 1,287,439 | |||||||
| Cost of sales | 143,993 | 184,726 | 638,979 | 745,741 | |||||||||||
| Gross profit | 90,344 | 114,167 | 338,155 | 541,698 | |||||||||||
| Operating expenses: | |||||||||||||||
| Sales and marketing | 21,864 | 22,161 | 89,582 | 85,679 | |||||||||||
| Research and development | 25,738 | 27,714 | 109,783 | 98,704 | |||||||||||
| General and administrative | 28,893 | 35,003 | 124,313 | 125,749 | |||||||||||
| Net loss from divestiture and sale of assets | — | — | 190,201 | — | |||||||||||
| Impairment of long-lived assets | 440 | — | 27,006 | 1,237 | |||||||||||
| Restructuring charges (recoveries), net | — | 69 | — | (288 | ) | ||||||||||
| (Gain) loss on foreign exchange | (543 | ) | 442 | 5,524 | (1,356 | ) | |||||||||
| Total operating expenses | 76,392 | 85,389 | 546,409 | 309,725 | |||||||||||
| Operating income (loss) | 13,952 | 28,778 | (208,254 | ) | 231,973 | ||||||||||
| Other income, net: | |||||||||||||||
| Interest income, net | 7,409 | 13,369 | 45,467 | 41,735 | |||||||||||
| Other income, net | 651 | 6 | 899 | 1,167 | |||||||||||
| Total other income | 8,060 | 13,375 | 46,366 | 42,902 | |||||||||||
| Income (loss) before provision for income taxes | 22,012 | 42,153 | (161,888 | ) | 274,875 | ||||||||||
| Provision for income taxes | 14,197 | 725 | 19,638 | 55,997 | |||||||||||
| Net income (loss) attributable to IPG Photonics Corporation | $ | 7,815 | $ | 41,428 | $ | (181,526 | ) | $ | 218,878 | ||||||
| Net income (loss) attributable to IPG Photonics Corporation per share: | |||||||||||||||
| Basic | $ | 0.18 | $ | 0.89 | $ | (4.09 | ) | $ | 4.64 | ||||||
| Diluted | $ | 0.18 | $ | 0.89 | $ | (4.09 | ) | $ | 4.63 | ||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 42,652 | 46,533 | 44,336 | 47,154 | |||||||||||
| Diluted | 42,781 | 46,656 | 44,336 | 47,320 | |||||||||||
| IPG PHOTONICS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | ||||||||
| December 31, | December 31, | |||||||
| 2024 | 2023 | |||||||
| (In thousands, except share and per share data) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 620,040 | $ | 514,674 | ||||
| Short-term investments | 310,152 | 662,807 | ||||||
| Accounts receivable, net | 171,131 | 219,053 | ||||||
| Inventories | 284,780 | 453,874 | ||||||
| Prepaid income taxes | 17,592 | 26,038 | ||||||
| Prepaid expenses and other current assets | 27,300 | 38,208 | ||||||
| Total current assets | 1,430,995 | 1,914,654 | ||||||
| Deferred income taxes, net | 115,031 | 88,788 | ||||||
| Goodwill | 67,241 | 38,540 | ||||||
| Intangible assets, net | 55,376 | 26,234 | ||||||
| Property, plant and equipment, net | 588,375 | 602,257 | ||||||
| Other assets | 32,246 | 28,425 | ||||||
| Total assets | $ | 2,289,264 | $ | 2,698,898 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 35,385 | $ | 28,618 | ||||
| Accrued expenses and other current liabilities | 152,048 | 181,350 | ||||||
| Income taxes payable | 17,586 | 4,893 | ||||||
| Total current liabilities | 205,019 | 214,861 | ||||||
| Other long-term liabilities and deferred income taxes | 59,774 | 68,652 | ||||||
| Total liabilities | 264,793 | 283,513 | ||||||
| Commitments and contingencies | ||||||||
| IPG Photonics Corporation equity: | ||||||||
| Common stock, | 6 | 6 | ||||||
| Treasury stock, at cost, 14,084,413 and 9,996,767 shares held at December 31, 2024 and December 31, 2023, respectively. | (1,505,321 | ) | (1,161,505 | ) | ||||
| Additional paid-in capital | 1,035,285 | 994,020 | ||||||
| Retained earnings | 2,613,868 | 2,795,394 | ||||||
| Accumulated other comprehensive loss | (119,367 | ) | (212,530 | ) | ||||
| Total IPG Photonics Corporation stockholders' equity | 2,024,471 | 2,415,385 | ||||||
| Total liabilities and equity | $ | 2,289,264 | $ | 2,698,898 | ||||
| IPG PHOTONICS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | ||||||||
| Twelve Months Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| (In thousands) | ||||||||
| Cash flows from operating activities: | ||||||||
| Net (loss) income | $ | (181,526 | ) | $ | 218,878 | |||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
| Depreciation and amortization | 61,443 | 69,621 | ||||||
| Impairment of long-lived assets and restructuring (recoveries), net | 27,006 | (486 | ) | |||||
| Provisions for inventory, warranty & bad debt | 90,377 | 61,058 | ||||||
| Net loss from divestiture and sale of assets | 190,201 | — | ||||||
| Other | (1,124 | ) | 1,471 | |||||
| Changes in assets and liabilities that provided (used) cash, net of acquisitions: | ||||||||
| Accounts receivable and accounts payable | 45,301 | (26,714 | ) | |||||
| Inventories | 47,725 | 1,823 | ||||||
| Other | (31,507 | ) | (29,665 | ) | ||||
| Net cash provided by operating activities | 247,896 | 295,986 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of and deposits on property, plant and equipment | (98,524 | ) | (110,483 | ) | ||||
| Proceeds from sales of property, plant and equipment | 28,578 | 31,241 | ||||||
| Purchases of short-term investments | (713,151 | ) | (1,232,863 | ) | ||||
| Proceeds from short-term investments | 1,083,464 | 1,073,993 | ||||||
| Acquisitions of businesses, net of cash acquired | (66,738 | ) | — | |||||
| Net cash outflow from divestiture | (25,324 | ) | — | |||||
| Other | 427 | 558 | ||||||
| Net cash provided by (used in) investing activities | 208,732 | (237,554 | ) | |||||
| Cash flows from financing activities: | ||||||||
| Principal payments on long-term borrowings | — | (16,031 | ) | |||||
| Proceeds from issuance of common stock under employee stock option and purchase plans less payments for taxes related to net share settlement of equity awards | 4,195 | 3,147 | ||||||
| Purchase of treasury stock, at cost | (343,816 | ) | (223,496 | ) | ||||
| Net cash used in financing activities | (339,621 | ) | (236,380 | ) | ||||
| Effect of changes in exchange rates on cash and cash equivalents | (11,641 | ) | (5,587 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 105,366 | (183,535 | ) | |||||
| Cash and cash equivalents — Beginning of period | 514,674 | 698,209 | ||||||
| Cash and cash equivalents — End of period | $ | 620,040 | $ | 514,674 | ||||
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | $ | 277 | $ | 1,284 | ||||
| Cash paid for income taxes | $ | 40,632 | $ | 62,916 | ||||
| IPG PHOTONICS CORPORATION SUPPLEMENTAL SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS (UNAUDITED) | ||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| (In thousands) | ||||||||||||||||
| Amortization of intangible assets: | ||||||||||||||||
| Cost of sales | $ | 631 | $ | 550 | $ | 2,000 | $ | 2,242 | ||||||||
| Sales and marketing | 1,122 | 1,283 | 3,933 | 5,653 | ||||||||||||
| Total amortization of intangible assets | $ | 1,753 | $ | 1,833 | $ | 5,933 | $ | 7,895 | ||||||||
| IPG PHOTONICS CORPORATION SUPPLEMENTAL SCHEDULE OF STOCK-BASED COMPENSATION (UNAUDITED) | ||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| (In thousands) | ||||||||||||||||
| Cost of sales | $ | 2,215 | $ | 1,265 | $ | 8,687 | $ | 7,929 | ||||||||
| Sales and marketing | 1,289 | 1,376 | 5,941 | 5,421 | ||||||||||||
| Research and development | 2,191 | 3,225 | 10,239 | 9,396 | ||||||||||||
| General and administrative | 2,025 | 6,276 | 12,283 | 16,858 | ||||||||||||
| Total stock-based compensation | 7,720 | 12,142 | 37,150 | 39,604 | ||||||||||||
| Tax effect of stock-based compensation | (1,687 | ) | (2,644 | ) | (8,191 | ) | (8,660 | ) | ||||||||
| Net stock-based compensation | $ | 6,033 | $ | 9,498 | $ | 28,959 | $ | 30,944 | ||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| (In thousands) | ||||||||||||||||
| Excess tax (detriment) benefit on stock-based compensation | $ | (419 | ) | $ | (94 | ) | $ | (4,532 | ) | $ | (1,835 | ) | ||||
FAQ
What was IPG Photonics (IPGP) revenue in Q4 2024?
How much did IPGP spend on share repurchases in Q4 2024?
What is IPGP's revenue guidance for Q1 2025?
How did IPGP's regional sales perform in Q4 2024?
What was IPGP's gross margin in Q4 2024?
