{"schema_version":"secwatch.filing_event.v1","accession":"0001111928-24-000009","form_type":"8-K","ticker":"IPGP","cik":"0001111928","company_name":"IPG PHOTONICS CORP","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.424558+00:00","generated_at":"2026-06-06T03:04:25.737903+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IPG Photonics Q4 revenue $299M (-10% YoY); EPS $0.89 vs loss $1.91","bullets":["Revenue $298.9M, down 10% YoY; gross margin improved to 38.2% from 18.2%.","Net income $41.4M vs net loss $92.9M in prior year; diluted EPS $0.89 (adjusted EPS $1.08 prior year).","Materials processing sales down 12%; growth in welding, cleaning, 3D printing, medical offset by cutting decline.","Sales in China down 25%, Europe up 1%, North America down 3%; high-power CW laser revenue down 19%.","Generated $106M cash from operations; spent $64M on share repurchases in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001111928-24-000009","json":"https://secwatch.observer/filing/0001111928-24-000009.json","markdown":"https://secwatch.observer/filing/0001111928-24-000009.md","text":"https://secwatch.observer/filing/0001111928-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/0001111928-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/ipgp-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:04:25.737903+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":"0ac3d62663b1b7961b33d3dcbac9db79b9b46816","claim":"IPG PHOTONICS CORP reported the fourth quarter ended December 31, 2023 results: revenue $298.9, net income $41.4, EPS $0.89.","evidence_excerpt":"31, 2023. Three Months Ended December 31, Twelve Months Ended December 31, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 Change Revenue $ 298.9 $ 333.5 (10) % $ 1,287.4 $ 1,429.5 (10) % Gross margin 38.2 % 18.2 % 42.1 % 38.9 % Operating income (loss) $ 28.8 $ (88.5) NM $ 232.0 $ 169.5 37 % Operating margin 9.6 % (26.5) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/0001111928-24-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$298.9"},{"label":"Net income","value":"$41.4"},{"label":"EPS","value":"$0.89"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}