IPG Photonics Q3 revenue $379M (+19% YoY), EPS $1.40 (+112%); John Peeler named non-executive Chairman

IPG PHOTONICS CORP

2021-Q3 EPS reported $3.95 revenue$1,096,393,000

Revenue $379.2M, up 19% YoY; gross margin 49.0% vs 48.0% prior year.
Diluted EPS $1.40, up 112% YoY; net income $75.4M.
Europe +50% and N. America +55% YoY; China -7% due to soft cutting demand.
Q4 guidance: revenue $330-360M, EPS $1.00-1.30; tax rate ~25%.
John Peeler appointed non-executive Chairman effective Oct 29, succeeding late Dr. Gapontsev.

item 2.02 item 5.02 item 5.03 item 9.01

Executive movements

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Role change

John Peeler

non-executive Chairman

IPGP · IPG PHOTONICS CORP

Effective: 2021-10-29
Filed: November 2, 2021, 7:59 PM ET

On November 2, 2021, IPG Photonics Corporation (the "Company") announced that effective October 29, 2021, John Peeler, Lead Independent Director of the Company, assumed the role of non-executive Chairman of the Board of Directors (the “Board”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Peeler changed role as non-executive Chairman at IPG PHOTONICS CORP.

Action: assumed
Role: non-executive Chairman

Exact text from the filing

On November 2, 2021, IPG Photonics Corporation (the "Company") announced that effective October 29, 2021, John Peeler, Lead Independent Director of the Company, assumed the role of non-executive Chairman of the Board of Directors (the “Board”).

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IPG PHOTONICS CORP filing history →

Source: SEC EDGAR

accession 0001111928-21-000165

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