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IPG Photonics Corporation (IPGP)
NASDAQ:IPGP
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.89Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -6.85%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic moves like the sale of Russian operations and the acquisition of Clean Laser, showcasing strong financial management and a solid balance sheet. However, significant revenue declines, challenges in specific applications, and limited demand visibility were key concerns. The sentiment remains cautious with hopes for future stability.Company Guidance
During the IPG Photonics Q3 2024 earnings call, the company reported third-quarter revenue of $233 million, aligning with the high end of their guidance, and adjusted earnings per share also at the top end. The revenue represented a 23% year-over-year decline, adjusted for the $7 million revenue from recently divested Russian operations. The gross margin was 23.2% GAAP and 36% adjusted, influenced by inventory provisions, especially due to excess electronic and diode components. IPG announced a definitive agreement to acquire Clean Laser, expecting a $30 million revenue contribution in the first year. The company ended the quarter with $1 billion in cash and no debt, despite a cash outflow of $25 million from the Russian divestiture. For Q4 2024, IPG anticipates revenue between $210 million and $240 million, with an EPS range of $0.05 to $0.35. The call highlighted IPG's strategic initiatives, including enhancing manufacturing efficiency, cost optimization, and investments in R&D and sales to support technology development, aiming to leverage opportunities in medical, welding, cleaning, and micromachining markets.High-End Revenue and EPS
Third quarter revenue and adjusted earnings per share came in at the high end of guidance, reflecting strong financial management.
Sale of Russian Operations
Successfully exited Russian market, optimizing global manufacturing and focusing on efficiency.
Acquisition of Clean Laser
Signed agreement to acquire Clean Laser, enhancing IPG's capabilities in the laser cleaning market.
Stable Book-to-Bill Ratio
Maintained a book-to-bill ratio of 1, indicating stabilization in order intake.
Strong Balance Sheet
Ended the quarter with $1 billion in cash and no debt, maintaining robust financial health.
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IPGP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IPGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $79.27 | $85.05 | +7.29% |
| Jul 30, 2024 | $87.61 | $81.20 | -7.32% |
| Apr 30, 2024 | $88.58 | $83.98 | -5.19% |
| Feb 13, 2024 | $103.63 | $86.99 | -16.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IPG Photonics Corporation (IPGP) report earnings?
IPG Photonics Corporation (IPGP) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is IPG Photonics Corporation (IPGP) earnings time?
IPG Photonics Corporation (IPGP) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IPGP EPS forecast?
IPGP EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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