IPG Photonics Q1 revenue $370M +7% YoY; EPS $1.31; guides Q2 $355-385M

IPG PHOTONICS CORP

2022-Q1 EPS reported $1.31 revenue$369,979,000

Revenue $370M (+7% YoY); EPS $1.31 (+4%); gross margin 46.4% vs 47.5% prior year.
China revenue down 7% to 35% of total; Europe +27%, NA +5%, Japan +18%.
Record welding revenue driven by EV battery manufacturing; high power CW lasers down 2%.
Q2 guidance: revenue $355-385M, EPS $0.95-1.25; tax rate ~26%.
Company stopped new Russia investments, expanding capacity in North America and Western Europe.

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