{"schema_version":"secwatch.filing_event.v1","accession":"0001111928-23-000013","form_type":"8-K","ticker":"IPGP","cik":"0001111928","company_name":"IPG PHOTONICS CORP","filed_at":"2023-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.901404+00:00","generated_at":"2026-06-19T13:07:18.405103+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"IPG Photonics Q4 net loss $92.9M; Russia asset impairment & inventory charges of $153M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001111928-23-000013","json":"https://secwatch.observer/filing/0001111928-23-000013.json","markdown":"https://secwatch.observer/filing/0001111928-23-000013.md","text":"https://secwatch.observer/filing/0001111928-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/ipgp-20230214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T13:07:18.405103+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20ded56f13697b4152af60cc7ca44daf7d1b723b","claim":"IPG PHOTONICS CORP reported Twelve months ended December 31, 2022 results: revenue $ 1,429.5, net income $ 109.9, EPS $ 2.16.","evidence_excerpt":"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) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Twelve months ended December 31, 2022"},{"label":"Revenue","value":"$ 1,429.5"},{"label":"Net income","value":"$ 109.9"},{"label":"EPS","value":"$ 2.16"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"22d44acc30f7c33539769b1cef5ffc4d2960fb53","claim":"IPG PHOTONICS CORP reported Three months ended December 31, 2022 results: revenue $ 333.5, net income $ (92.9), EPS $ (1.91).","evidence_excerpt":"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) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three months ended December 31, 2022"},{"label":"Revenue","value":"$ 333.5"},{"label":"Net income","value":"$ (92.9)"},{"label":"EPS","value":"$ (1.91)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b38eca25aedb90072bb58e64de36022a49dfb1aa","claim":"IPG PHOTONICS CORP reported First quarter of 2023 results: revenue $310 million to $340 million, EPS $0.90 to $1.20. Guidance initiated.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First quarter of 2023"},{"label":"Revenue","value":"$310 million to $340 million"},{"label":"EPS","value":"$0.90 to $1.20"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}