IPG Photonics Q4 revenue down 22% to $234M; EPS $0.18 (-80%); CAO change; weak Q1 guidance

IPG PHOTONICS CORP

2024-FY EPS reported -$4.09 revenue$977,134,000

Q4 revenue $234.3M (-22% YoY); EPS $0.18 (-80% from $0.89); net income $7.8M vs $41.4M.
Gross margin 38.6% (+40bps); operating income $14.0M (-51%); cash from ops $74M; $57M share repurchases.
Materials processing sales -24% YoY; regional: NA -31%, China -22%, Europe -22%, Japan +15%.
CAO Thomas Burgomaster retiring March 1, 2025; succeeded by VP Finance Mary Buttarazzi.
Q1 2025 guidance: revenue $210-240M, gross margin 36-39%, adj. EPS $0.05-0.35.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mary E. Buttarazzi

Vice President, Corporate Controller and Chief Accounting Officer

IPGP · IPG PHOTONICS CORP

Effective: 2025-03-01
Filed: February 11, 2025, 6:59 PM ET

On February 7, 2025, the Board of Directors (the " Board ") of the Company appointed the Company's Vice President, Finance, Mary E. Buttarazzi, to assume the role of the Company's Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) effective upon Mr. Burgomaster’s retirement on March 1, 2025.

Departed

Thomas J. Burgomaster

Vice President, Corporate Controller and Chief Accounting Officer

IPGP · IPG PHOTONICS CORP

Effective: 2025-03-01
Successor: Mary E. Buttarazzi
Filed: February 11, 2025, 6:59 PM ET

On February 7, 2025, Thomas J. Burgomaster, Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) of the Company, informed the Company of his intention to retire from his position with the Company effective March 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mary E. Buttarazzi was appointed as Vice President, Corporate Controller and Chief Accounting Officer at IPG PHOTONICS CORP.

Action: appointed
Role: Vice President, Corporate Controller and Chief Accounting Officer

Exact text from the filing

On February 7, 2025, the Board of Directors (the " Board ") of the Company appointed the Company's Vice President, Finance, Mary E. Buttarazzi, to assume the role of the Company's Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) effective upon Mr. Burgomaster’s retirement on March 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas J. Burgomaster retired as Vice President, Corporate Controller and Chief Accounting Officer at IPG PHOTONICS CORP.

Action: retired
Role: Vice President, Corporate Controller and Chief Accounting Officer

Exact text from the filing

On February 7, 2025, Thomas J. Burgomaster, Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) of the Company, informed the Company of his intention to retire from his position with the Company effective March 1, 2025.

View on SEC.gov

IPG PHOTONICS CORP filing history →

Source: SEC EDGAR

accession 0001111928-25-000003

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