IPG Photonics (IPGP) Tops Q2 EPS by 6c, Offers Q3 Guidance

IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016

July 28, 2016 8:00 AM EDT

Record Quarterly Revenues of $252.8 Million Driven by Strength in Materials Processing and High Power Laser Sales
Company Announces Anti-Dilutive Stock Repurchase Program

OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2016.

               

Three Months EndedJune 30,

Six Months EndedJune 30,

(In millions, except per share data) 2016     2015 % Change 2016     2015 % Change Revenue $ 252.8 $ 235.1 8 % $ 460.0 $ 434.1 6 % Gross margin 54.5 % 54.7 % 54.8 % 54.5 % Operating income... More