IPG Photonics (IPGP) Tops Q1 EPS by 17c, Revenues Beat; Offers 2Q EPS/Revenue Outlook

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Go back to IPG Photonics (IPGP) Tops Q1 EPS by 17c, Revenues Beat; Offers 2Q EPS/Revenue Outlook

IPG Photonics Reports First Quarter 2021 Financial Results

May 4, 2021 8:00 AM EDT

Demand Recovery Strengthens, Driving Revenue of $346 Million and Earnings per Diluted Share of $1.26

Eugene A. Scherbakov to become CEO and Valentin P. Gapontsev to transition to Executive Chairman of the Board

OXFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the first quarter ended March 31, 2021. In a separate press release, the Company announced CEO transition, which is effective immediately.

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