IPG Photonics (IPGP) PT Raised to $130 at Needham & Company on Strong Q1 Guidance

IPG Photonics Reports 25% Revenue Growth for Fourth Quarter 2016

February 14, 2017 8:01 AM EST

Achieves Record Year for Sales; Up 12% to $1 Billion

OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2016.

                       

Three Months Ended December 31,

Twelve Months Ended December 31,

(In millions, except per share data) 2016         2015 % Change 2016       2015 % Change Revenue $ 280.1 $ 223.6 25 % $ 1,006.2 $ 901.3 12 % Gross margin 55.5 % 54.6 % 54.9 % 54.6 % Operating income $ 105.2 $ 83.0... More