earnings
confidence high
sentiment positive
materiality 0.80
IPG Photonics Q4 rev $364.5M (+8% YoY), EPS $1.21 (+32%); guides FY2022 rev growth 3-6%; new $200M buyback
IPG PHOTONICS CORP
2021-FY EPS reported
$5.16
revenue$1,460,860,000
- Q4 revenue $364.5M (+8% YoY); net income $65.1M, diluted EPS $1.21 (+32%); full-year revenue record $1.46B.
- China revenue down 20% YoY; Europe +37%, N.America +30%, Japan +56%; non-China sales 69% of total.
- Emerging growth products 38% of Q4 revenue, up 57% YoY; high-power CW laser sales declined 19% YoY.
- New $200M stock buyback authorized (in addition to ~$80M remaining from May 2020 program).
- Q1 2022 guidance: revenue $320-350M, EPS $0.85-1.15; FY2022 total revenue growth expected 3-6% (transition year).