secwatch.observer — SEC 8-K summary
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Issuer:     IPG PHOTONICS CORP (IPGP)
CIK:        0001111928
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001111928-24-000133
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IPG Photonics reports Q3 loss of $5.33/share, guides Q4 EPS $0.05-$0.35, acquires cleanLASER
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- Q3 revenue $233.1M (-23% YoY); GAAP diluted EPS loss $5.33; adjusted EPS $0.29.
- Gross margin 23.2% (adjusted 36%) due to $30M inventory provision; includes $198M loss on Russia divestiture and $27M impairment.
- Q4 guidance: revenue $210-240M, gross margin 35-38%, EPS $0.05-$0.35.
- Acquired Clean-Lasersysteme GmbH (cleanLASER), ~$30M annual revenue, ~2,000 installed systems; close expected Q4 2024.
- Book-to-bill of 1; management says demand appears to be bottoming.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111928/000111192824000133/0001111928-24-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111928/000111192824000133/ipgp-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001111928-24-000133

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