IPG Photonics sees Q3 EPS 0c-30c, consensus 78c

For the third quarter of 2024, IPG expects revenue of $210 million to $240 million, consensus $282.34M. Sees Q3 gross margin between 34% and 37%, and operating expenses of $82 million to $84 million. The Company expects the third quarter tax rate to be approximately 25%, including certain discrete items. IPG anticipates delivering earnings per diluted share in the range of $0.00 to $0.30.