IPG Photonics reports Q4 EPS 18c, consensus 20c

Reports Q4 revenue $234.3M, consensus $227.4M. “Our revenue was at the high end of our guidance, and we delivered strong cash flow from operations despite challenging demand,” said Dr. Mark Gitin, IPG Photonics (IPGP)’ Chief Executive Officer. “In this environment, we are focused on managing our costs, investing in strategic growth initiatives and strengthening our execution. We believe these efforts will help IPG differentiate and win in emerging laser applications, delivering sustainable and profitable growth over the long term.”