IPG Photonics Corporation (IPGP) Income Statement Analysis

See more : French Connection Group PLC (FCCN.L) Income Statement Analysis – Financial Results

Complete financial analysis of IPG Photonics Corporation (IPGP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of IPG Photonics Corporation, a leading company in the Semiconductors industry within the Technology sector.

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IPG Photonics Corporation (IPGP)

Industry: Semiconductors

Sector: Technology

Website: https://www.ipgphotonics.com

About IPG Photonics Corporation

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operators, and data center networking applications. It's lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	1.29B	1.43B	1.46B	1.20B	1.31B	1.46B	1.41B	1.01B	901.27M	769.83M	648.03M	562.53M	474.48M	299.26M	185.89M	229.08M	188.68M	143.23M	96.39M	60.71M	33.74M	22.18M	26.49M
Cost of Revenue	745.74M	874.13M	764.46M	661.73M	708.37M	659.61M	611.98M	453.93M	409.39M	353.31M	308.14M	257.80M	217.23M	152.80M	121.63M	121.78M	103.70M	79.93M	62.48M	42.27M	0.00	23.28M	26.22M
Gross Profit	541.70M	555.41M	696.40M	539.00M	606.21M	800.27M	796.91M	552.24M	491.88M	416.52M	339.90M	304.73M	257.26M	146.46M	64.27M	107.30M	84.98M	63.29M	33.90M	18.43M	33.74M	-1.10M	267.00K
Gross Profit Ratio	42.08%	38.85%	47.67%	44.89%	46.11%	54.82%	56.56%	54.89%	54.58%	54.11%	52.45%	54.17%	54.22%	48.94%	34.57%	46.84%	45.04%	44.19%	35.18%	30.36%	100.00%	-4.95%	1.01%
Research & Development	98.70M	116.11M	139.57M	126.90M	130.00M	122.77M	100.87M	78.55M	63.33M	53.40M	41.66M	31.40M	25.42M	19.16M	18.54M	15.80M	9.53M	6.54M	5.79M	4.83M	0.00	8.38M	0.00
General & Administrative	125.75M	131.25M	125.88M	110.01M	107.60M	102.43M	80.67M	66.49M	57.19M	55.34M	50.86M	39.23M	37.44M	28.65M	20.49M	34.30M	29.13M	14.52M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	85.68M	76.64M	78.18M	70.58M	77.75M	57.82M	49.80M	38.39M	31.87M	30.64M	26.69M	23.85M	21.73M	19.10M	15.16M	13.90M	10.10M	6.22M	0.00	0.00	0.00	0.00	0.00
SG&A	211.43M	207.90M	204.06M	180.59M	185.34M	160.24M	130.47M	104.88M	89.06M	85.98M	77.56M	63.08M	59.17M	47.75M	35.65M	34.30M	29.13M	20.74M	13.83M	10.54M	0.00	33.26M	0.00
Other Expenses	0.00	1.23M	437.00K	763.00K	345.00K	1.93M	22.00K	948.00K	-125.00K	793.00K	155.00K	8.00K	0.00	-848.00K	1.02M	0.00	0.00	0.00	0.00	0.00	0.00	9.47M	63.56M
Operating Expenses	310.13M	324.01M	343.64M	307.49M	315.34M	283.01M	231.34M	183.43M	152.39M	139.38M	119.22M	94.48M	84.60M	66.06M	55.21M	50.10M	38.66M	27.29M	19.62M	15.37M	0.00	51.12M	63.56M
Cost & Expenses	1.06B	1.20B	1.11B	969.21M	1.02B	942.62M	843.32M	637.36M	561.78M	492.69M	427.35M	352.28M	301.82M	218.86M	176.84M	171.88M	142.35M	107.22M	82.10M	57.65M	0.00	74.40M	89.79M
Interest Income	41.74M	12.62M	1.84M	6.27M	14.24M	9.06M	737.00K	0.00	301.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	12.62M	1.84M	0.00	14.24M	0.00	737.00K	1.30M	0.00	0.00	0.00	319.00K	681.00K	1.19M	1.25M	777.00K	674.00K	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	69.62M	88.90M	94.59M	94.55M	96.27M	80.27M	64.57M	51.48M	42.42M	35.61M	32.29M	26.36M	24.38M	21.85M	19.17M	15.83M	12.30M	9.11M	7.58M	7.15M	0.00	0.00	-975.00K
EBITDA	301.19M	383.87M	462.91M	326.06M	444.22M	597.53M	630.14M	418.04M	381.90M	312.75M	252.21M	236.39M	198.60M	101.61M	28.64M	72.89M	58.63M	51.51M	22.37M	10.63M	33.74M	-52.22M	-64.27M
EBITDA Ratio	23.39%	26.85%	29.71%	29.89%	33.79%	40.51%	45.75%	42.22%	42.09%	39.77%	39.43%	42.30%	41.53%	34.15%	15.19%	31.82%	30.75%	35.96%	23.21%	17.52%	100.00%	-235.43%	-242.63%
Operating Income	231.57M	293.31M	367.88M	198.66M	347.95M	523.41M	551.11M	364.31M	342.04M	283.76M	218.15M	208.89M	175.52M	80.40M	9.06M	57.20M	46.32M	36.01M	14.28M	3.06M	33.74M	-52.22M	-63.30M
Operating Income Ratio	17.99%	20.52%	25.18%	16.54%	26.47%	35.85%	39.12%	36.21%	37.95%	36.86%	33.66%	37.13%	36.99%	26.87%	4.87%	24.97%	24.55%	25.14%	14.82%	5.04%	100.00%	-235.43%	-238.95%
Total Other Income/Expenses	43.31M	-109.96M	-1.40M	7.03M	-99.57M	10.99M	759.00K	2.25M	-426.00K	716.00K	154.00K	327.00K	-938.00K	-1.15M	-1.29M	-632.00K	1.29M	-7.89M	-2.35M	-2.57M	-33.74M	3.84M	9.69M
Income Before Tax	274.88M	183.35M	366.48M	205.69M	248.38M	534.40M	551.87M	366.57M	341.62M	284.47M	218.30M	209.22M	174.58M	79.25M	7.77M	56.56M	47.61M	28.12M	11.93M	491.00K	0.00	-48.38M	-53.60M
Income Before Tax Ratio	21.35%	12.83%	25.09%	17.13%	18.89%	36.61%	39.17%	36.43%	37.90%	36.95%	33.69%	37.19%	36.79%	26.48%	4.18%	24.69%	25.23%	19.63%	12.38%	0.81%	0.00%	-218.10%	-202.35%
Income Tax Expense	56.00M	72.59M	88.62M	45.35M	68.12M	130.23M	204.28M	105.85M	99.59M	84.03M	62.52M	61.47M	53.58M	24.90M	2.49M	18.11M	15.52M	-3.00M	4.08M	-1.60M	28.21M	1.18M	-3.99M
Net Income	218.88M	109.91M	278.42M	159.57M	180.23M	404.03M	347.61M	260.75M	242.15M	200.45M	155.78M	145.00M	117.76M	53.99M	5.42M	36.65M	29.90M	29.23M	7.43M	2.01M	-28.21M	-49.39M	-49.62M
Net Income Ratio	17.00%	7.69%	19.06%	13.29%	13.71%	27.68%	24.67%	25.92%	26.87%	26.04%	24.04%	25.78%	24.82%	18.04%	2.92%	16.00%	15.84%	20.41%	7.71%	3.31%	-83.61%	-222.66%	-187.32%
EPS	4.64	2.17	5.21	3.00	3.40	7.55	6.50	4.91	4.59	3.85	3.02	2.87	2.48	1.16	0.12	0.82	0.69	0.27	0.16	0.01	-0.74	-2.13	-2.07
EPS Diluted	4.63	2.16	5.16	2.97	3.35	7.38	6.36	4.85	4.53	3.79	2.97	2.81	2.41	1.13	0.12	0.79	0.65	0.26	0.16	0.01	-0.74	-2.13	-2.07
Weighted Avg Shares Out	47.15M	50.76M	53.41M	53.19M	53.06M	53.52M	53.50M	53.07M	52.68M	52.10M	51.55M	50.48M	47.37M	46.42M	45.49M	44.51M	43.27M	27.90M	26.23M	38.55M	38.30M	23.19M	23.97M
Weighted Avg Shares Out (Dil)	47.32M	50.92M	53.93M	53.79M	53.84M	54.73M	54.70M	53.80M	53.43M	52.82M	52.38M	51.54M	48.69M	47.59M	46.60M	46.22M	45.75M	33.01M	30.17M	38.55M	38.30M	23.19M	23.97M

IPG Photonics Announces Fourth Quarter 2023 Financial Results

February 13, 2024globenewswire.com

Continued Growth in Welding and Medical Applications Working Capital Discipline Resulted in Strong Cash Flow From Operations MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31,...

IPG Photonics (IPGP) Earnings Expected to Grow: Should You Buy?

February 6, 2024zacks.com

IPG (IPGP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

IPG Presents New Technologies, Products and Solutions for E-mobility Manufacturing, Materials Processing and Specialized Applications at Photonics West 2024

January 29, 2024globenewswire.com

MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco. The 2,000 square foot booth displays include...

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December 6, 2023zacks.com

The Zacks Laser Systems and Components industry participants like IPG Photonics (IPGP) and Lumentum (LITE) gain from solid demand for emerging applications like autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

Why Is IPG (IPGP) Up 10.2% Since Last Earnings Report?

November 30, 2023zacks.com

IPG (IPGP) reported earnings 30 days ago. What's next for the stock?

IPG Photonics: Just Going Through The Motions

November 10, 2023seekingalpha.com

IPGP has seen its stock bounce in recent days, and while this could continue with the stock price below $100, a sustained rally will be difficult to accomplish. The latest report came in mixed with guidance weaker than expected, but...

Miller Electric Mfg. LLC and IPG Photonics Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market

November 7, 2023prnewswire.com

Two Industry Leaders Join Forces to Pioneer Innovations in Handheld Laser Welding Systems APPLETON, Wis. , Nov. 7, 2023 /PRNewswire/ -- Miller Electric Mfg.

IPG Photonics and Miller Electric Mfg. LLC Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market

November 7, 2023globenewswire.com

Two Industry Leaders Join Forces to Pioneer Innovations in Handheld Laser Welding Systems Two Industry Leaders Join Forces to Pioneer Innovations in Handheld Laser Welding Systems

IPG Photonics Corporation (IPGP) Q3 2023 Earnings Call Transcript

October 31, 2023seekingalpha.com

IPG Photonics Corporation (NASDAQ:IPGP ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Eugene Fedotoff - Senior Director, IR Eugene Scherbakov - CEO & Director Timothy Mammen - SVP & CFO Conference Call Participants Ruben...