secwatch.observer — SEC 8-K summary
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Issuer:     IPG PHOTONICS CORP (IPGP)
CIK:        0001111928
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001111928-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IPG Photonics Q4 net loss $92.9M; Russia asset impairment & inventory charges of $153M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/ipgp-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001111928-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer