IPG Photonics Q3 revenue $349M (-8% YoY); EPS $1.47; Q4 guidance $300-330M revenue

IPG PHOTONICS CORP

2022-Q3 EPS reported $3.93 revenue$1,096,008,000

Revenue $349M, down 8% YoY; U.S. dollar strength reduced reported revenue by ~$26M or 7%.
Diluted EPS $1.47, up 5% YoY; net income $76.3M; gross margin 43.1% vs 49.0% a year ago.
Materials processing sales down 10% YoY; emerging growth products (welding, cleaning, solar, medical) accounted for 43% of total revenue.
Q4 2022 guidance: revenue $300-330M, diluted EPS $0.70-1.00; currency headwinds reduce guidance by ~$28M.
Medical sales nearly doubled YoY; e-mobility investments drive welding growth; China and Europe cutting demand soft.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IPG PHOTONICS CORP reported the quarter ended September 30, 2022 results: revenue $349.0, net income $76.3, EPS $1.47.

Period: the quarter ended September 30, 2022
Revenue: $349.0
Net income: $76.3
EPS: $1.47
Result: reported results

Exact text from the filing

30, 2022. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data and percentages) 2022 2021 Change 2022 2021 Change Revenue $ 349.0 $ 379.2 (8) % $ 1,096.0 $ 1,096.4 — % Gross margin 43.1 % 49.0 % 45.1 % 48.4 % Operating income $ 93.2 $ 102.0 (9) % $ 258.0 $ 283.1 (9) % Operating margin 26.7 % 26.9 % 23.5 %

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Source: SEC EDGAR

accession 0001111928-22-000136

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