IPG Photonics Announces Second Quarter 2022 Financial Results

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IPG Photonics (IPGP) Misses Q2 EPS by 7c; New $300M Buyback Plan

August 2, 2022 8:04 AM EDT

IPG Photonics (NASDAQ: IPGP) reported Q2 EPS of $1.10, $0.07 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $373.97 million.

Company Announces New $300 million Stock Repurchase Program After Completing $312 million of Repurchases in the First... More