8-K
filed February 14, 2023, 6:59 PM ET
ticker IPGP
CIK 0001111928
earnings
confidence high
sentiment negative
materiality 0.90
IPG Photonics Q4 net loss $92.9M; Russia asset impairment & inventory charges of $153M
IPG PHOTONICS CORP
2022-FY EPS reported
$2.16
revenue$1,429,547,000
- Q4 revenue $333.5M (-8% YoY); gross margin 18.2% vs 45.5% a year ago; operating loss $88.5M.
- Russia-related inventory and asset impairment charges reduced operating income by $153M; restructuring added $10M.
- Adjusted diluted EPS $1.08 vs reported loss per share of $1.91; full-year EPS $2.16, down 58%.
- Q1 2023 guidance: revenue $310-340M, EPS $0.90-$1.20; backlog $811M record, up 11% YoY.
- Welding and medical grew; cutting and China weak; cash from ops $42M, repurchased $117M in stock.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
IPG PHOTONICS CORP reported Twelve months ended December 31, 2022 results: revenue $ 1,429.5, net income $ 109.9, EPS $ 2.16.
- Period
- Twelve months ended December 31, 2022
- Revenue
- $ 1,429.5
- Net income
- $ 109.9
- EPS
- $ 2.16
- Result
- reported results
Exact text from the filing
Revenue $ 333.5 $ 364.5 (8) % $ 1,429.5 $ 1,460.9 (2) % Gross margin 18.2 % 45.5 % 38.9 % 47.7 % Operating (loss) income $ (88.5) $ 84.8 NM $ 169.5 $ 367.9 (54) % Operating margin (26.5) % 23.3 % 11.9 % 25.2 % Net (loss) income attributable to IPG Photonics Corporation $ (92.9) $ 65.1 NM $ 109.9 $ 278.4 (61) % Earnings (loss) per diluted share (1) $ (1.91) $ 1.21 NM $ 2.16 $ 5.16 (58) %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
IPG PHOTONICS CORP reported Three months ended December 31, 2022 results: revenue $ 333.5, net income $ (92.9), EPS $ (1.91).
- Period
- Three months ended December 31, 2022
- Revenue
- $ 333.5
- Net income
- $ (92.9)
- EPS
- $ (1.91)
- Result
- reported results
Exact text from the filing
Revenue $ 333.5 $ 364.5 (8) % $ 1,429.5 $ 1,460.9 (2) % Gross margin 18.2 % 45.5 % 38.9 % 47.7 % Operating (loss) income $ (88.5) $ 84.8 NM $ 169.5 $ 367.9 (54) % Operating margin (26.5) % 23.3 % 11.9 % 25.2 % Net (loss) income attributable to IPG Photonics Corporation $ (92.9) $ 65.1 NM $ 109.9 $ 278.4 (61) % Earnings (loss) per diluted share (1) $ (1.91) $ 1.21 NM $ 2.16 $ 5.16 (58) %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
IPG PHOTONICS CORP reported First quarter of 2023 results: revenue $310 million to $340 million, EPS $0.90 to $1.20. Guidance initiated.
- Period
- First quarter of 2023
- Revenue
- $310 million to $340 million
- EPS
- $0.90 to $1.20
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the first quarter of 2023, IPG expects revenue of $310 million to $340 million. The Company expects the first quarter tax rate to be approximately 26%. IPG anticipates delivering earnings per diluted share in the range of $0.90 to $1.20.
View on SEC.gov
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