Highest-materiality recent filing
IPG Photonics Q2 revenue $278.6M (+11% YoY), adj. EPS $0.58 beats guidance
Revenue $278.6M, up 11% YoY; Industrial Solutions up 16% to $237M.
IPG Photonics to acquire Lumibird Medical for €300M; expands medical laser platform
Acquires Lumibird Medical for €300M cash-free, debt-free; up to €50M earnout based on 2026-2027 performance.
IPG Photonics annual meeting elects all ten directors, approves exec compensation, ratifies auditor
All ten director nominees elected with majority support; vote tallies ranged from ~36.2M to ~37.8M votes for.
IPG Photonics Q1 revenue up 17% to $265.5M; settles global patent litigation with Trumpf
Revenue $265.5M (+17% YoY); GAAP diluted EPS $0.04, adjusted EPS $0.29.
IPG loses UPC ruling on AMB lasers; less than 1% of sales impacted
Düsseldorf UPC ruled IPG's AMB lasers infringe Trumpf's European Patent 2,624,031.
UPC rules IPG's AMB lasers infringe Trumpf patent; <1% of sales affected
UPC Mannheim Local Division found certain AMB laser designs infringe European Patent 2,951,625.
IPG Photonics Q4 2025 revenue up 17% YoY, adjusted EPS $0.46, authorizes $100M buyback
Q4 revenue $274.5M (+17% YoY); GAAP net income $13.3M ($0.31 EPS); adjusted EPS $0.46 (+53%).
IPG Q3 2025 revenue $251M (+8% YoY); GAAP EPS $0.18, adj. EPS $0.35; guides Q4 rev $230-260M
Q3 2025 revenue $250.8M (+8% YoY); GAAP net income $7.5M vs loss of $233.6M in prior year.
IPG Photonics adopts amended Executive Severance Plan; modifies CIC benefits and director pay
Tier One SVPs now get prorated performance equity based on actual results; post-CIC equity deemed earned at target.
IPG Photonics Q2 revenue $250.7M above expectations; guides Q3 $225-255M
GAAP EPS $0.16 vs $0.45 a year ago; adjusted EPS $0.30 vs $0.52.
IPG Photonics appoints Dr. Paulus Bucher as SVP, Global Operations
Dr. Paulus Bucher appointed SVP, Global Operations effective July 1, 2025; reports to CEO.
IPG Photonics replaces credit facility with $200M unsecured revolver maturing 2030
New $200M revolving credit facility matures June 24, 2030; up to $25M available for letters of credit.
IPG Photonics stockholders approve 2025 Incentive Compensation Plan; board reduced to 10
Stockholders elected 10 directors; all nominees received majority support.
IPG Photonics Q1 rev $228M (-10% YoY); GAAP EPS $0.09; Q2 guidance reflects tariff delays
Revenue $227.8M (-10% YoY); net income $3.8M ($0.09 diluted EPS) vs $24.1M ($0.52) a year ago.
IPG Photonics extends former CTO Ovtchinnikov's consulting to Dec 31, 2025 at $10k/month
Former SVP & CTO Alexander Ovtchinnikov's consulting term extended from March 31 to December 31, 2025.
IPG director Michael C. Child will not stand for re-election at 2025 annual meeting
Michael C. Child informed IPG on March 6, 2025 that he will not seek re-election at the 2025 annual shareholder meeting.
IPG Photonics Q4 revenue down 22% to $234M; EPS $0.18 (-80%); CAO change; weak Q1 guidance
Q4 revenue $234.3M (-22% YoY); EPS $0.18 (-80% from $0.89); net income $7.8M vs $41.4M.
IPG Photonics reports Q3 loss of $5.33/share, guides Q4 EPS $0.05-$0.35, acquires cleanLASER
Q3 revenue $233.1M (-23% YoY); GAAP diluted EPS loss $5.33; adjusted EPS $0.29.
IPG Photonics sells Russian subsidiary IRE-Polus for $51M; expects $195-210M in charges
Sale proceeds $51M before fees; charges $195-210M including $60-65M net asset write-down and $135-145M translation loss.
IPG Photonics CTO Alexander Ovtchinnikov to retire Sept 15, 2024, consulting through March 2025
CTO Alexander Ovtchinnikov retires effective Sept 15, 2024; signs consulting agreement through March 31, 2025.
IPG Photonics Q2 revenue $258M (-24% YoY), EPS $0.45; guides Q3 rev $210-240M, EPS $0.00-0.30
Revenue $258M, down 24% YoY; EPS $0.45 vs $1.31, down 66%.
IPG Photonics shareholders elect all director nominees, approve say-on-pay and auditor ratification
All ten director nominees elected with strong support; votes ranged from 38,252,098 to 40,901,176 for.
IPG Photonics Q1 revenue down 27% to $252M, appoints Mark Gitin as CEO
Q1 revenue $252M (-27% YoY); diluted EPS $0.52 (-59% YoY); gross margin 38.7% (-360 bps).
Dr. Mark Gitin, previously EVP at MKS Instruments, named CEO effective June 5, 2024, succeeding Dr. Eugene Scherbakov.
IPG Photonics 2024 exec comp: CEO base flat at €800K, two NEOs get 5% raise, one-time LTI boost
CEO Eugene Scherbakov base salary unchanged at €800,000; two other NEOs (Mammen, Lopresti) also flat.
IPG Photonics Q4 revenue $299M (-10% YoY); EPS $0.89 vs loss $1.91
Revenue $298.9M, down 10% YoY; gross margin improved to 38.2% from 18.2%.
IPG Photonics Q3 revenue $301M (-14% YoY); EPS $1.16; Q4 guidance weak
Revenue $301.4M, down 14% YoY; materials processing sales fell 15% on weak China demand.
IPG Photonics COO and board member Felix Stukalin dies on October 6
Felix Stukalin, SVP, COO, and director, passed away on October 6, 2023.
IPG Photonics amends executive severance, extending cash and health benefits to 24 months
Amendment effective August 30, 2023: Dr. Eugene Scherbakov's cash severance extended from 18 to 24 months.
IPG Photonics Q2 revenue falls 10% YoY, EPS rises to $1.31; Q3 outlook below expectations
Q2 revenue $340M, down 10% YoY; EPS $1.31 diluted, up 19% YoY.
IPG Photonics annual meeting approves charter amendment and CEO adopts 10b5-1 plan for 13,000 shares
Stockholders elected 10 directors, approved say-on-pay (41.7M for, 1.3M against), and set frequency to annual.
IPG Photonics Q1 rev $347M, EPS $1.26; Q2 guidance $325-355M; new $200M buyback
Revenue $347.2M (-6% YoY), gross margin 42.3%, operating income $75.4M (-19%).
IPG Photonics discloses 10b5-1 trading plans for director Meurice and CTO Ovtchinnikov
Director Eric Meurice adopted a plan to sell up to 9,423 shares through June 2024.
IPG Photonics discloses 2023 executive compensation: CEO base salary up 7.1%, NEOs up 3.5%
CEO Eugene Scherbakov base salary increased 7.1% to €800,000; other NEOs received 3.5% increases.
IPG Photonics Q4 net loss $92.9M; Russia asset impairment & inventory charges of $153M
Q4 revenue $333.5M (-8% YoY); gross margin 18.2% vs 45.5% a year ago; operating loss $88.5M.
IPG Photonics appoints Greg Beecher to board; Thomas Seifert to resign after 10-K filing
Gregory R. Beecher appointed to IPG Board effective Jan 20, 2023; former Teradyne CFO/CAO.
IPG Photonics amends bylaws to adopt universal proxy rules and other DGCL updates
Bylaws amended to incorporate SEC universal proxy rule (Rule 14a-19) for director nominations.
IPG Photonics Q3 revenue $349M (-8% YoY); EPS $1.47; Q4 guidance $300-330M revenue
Revenue $349M, down 8% YoY; U.S. dollar strength reduced reported revenue by ~$26M or 7%.
IPG CEO Eugene Scherbakov adopts 10b5-1 plan for up to 3,000 shares
Plan adopted by Dr. Eugene A. Scherbakov, Director and CEO, on September 7, 2022.
IPG Photonics Q2: revenue $377M (+1%), EPS $1.10 (-15%); new $300M buyback
Q2 revenue $377M (+1% YoY); EPS $1.10 (-15% YoY); operating income $71.7M (-22%).
IPG Photonics founder trusts adopt 10b5-1 plans to sell up to 65,000 shares
Valentin Gapontsev Trust I plans to sell up to 45,000 shares; Trust II up to 12,000; Trust III up to 8,000.
IPG Photonics reports 2022 annual meeting results; all director nominees elected, Deloitte ratified
All 10 director nominees elected; highest vote count 46.1M (Tang), lowest 41.8M (Meurice).
IPG Photonics Q1 revenue $370M +7% YoY; EPS $1.31; guides Q2 $355-385M
Revenue $370M (+7% YoY); EPS $1.31 (+4%); gross margin 46.4% vs 47.5% prior year.
IPG Photonics appoints Felix Stukalin and Agnes K. Tang to Board of Directors
Board expands to 10 directors with appointment of two new members on March 28, 2022.
IPG Photonics updates on Russian ops; withdraws annual guidance amid sanctions
Russian facilities continue operations with ~2,000 employees; $100M finished product supplied to China in 2021.
IPG Photonics promotes Felix Stukalin to COO; 2022 exec comp set
Felix Stukalin named COO effective Feb 18, 2022; previously SVP North America Operations since 2013.
Q4 revenue $364.5M (+8% YoY); net income $65.1M, diluted EPS $1.21 (+32%); full-year revenue record $1.46B.
IPG Photonics amends director compensation plan, adds $70k annual retainer for Non-Executive Chair
Board approved $70,000 annual retainer for Non-Executive Chair, effective October 29, 2021.
Revenue $379.2M, up 19% YoY; gross margin 49.0% vs 48.0% prior year.
IPG Photonics announces death of founder and Chairman Dr. Valentin Gapontsev at 82
Dr. Valentin Gapontsev, founder, Chairman, and former CEO (until April 2021), passed away at age 82.
Mr. Michael C. Child, a member of the of the Board of Directors of IPG Photonics Corporation (the " Company "), informed the Company on March 6, 2025 that he will not stand for re-election at the 2025 annual meeting of stockholders.
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.
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.
Dr. Eugene Scherbakov and Dr. Alexander Ovtchinnikov, previously disclosed as named executive officers of the Company, will not participate in the Revised AIP as a result of no longer being executive officers of the Company.
Dr. Eugene Scherbakov and Dr. Alexander Ovtchinnikov, previously disclosed as named executive officers of the Company, will not participate in the Revised AIP as a result of no longer being executive officers of the Company.
On August 15, 2024, Alexander Ovtchinnikov, Ph.D., Senior Vice President, Chief Technology Officer of IPG Photonics Corporation (the “Company”), informed the Company of his intention to retire from employment with the Company effective September 15, 2024
the Board of Directors (the “Board”) of IPG Photonics Corporation (the “Company”) appointed Dr. Mark Gitin as Chief Executive Officer of the Company, effective June 5, 2024
The Board has also determined to increase the size of the Board to eleven directors and to appoint Dr. Gitin as a director to fill such vacancy, subject to Dr. Gitin commencing employment with the Company and effective as of the Start Date.
Dr. Eugene Scherbakov will transition from his role as the Company’s Chief Executive Officer, effective as of June 5, 2024
IPG Photonics Corporation (the “Company”) is saddened to report that Felix Stukalin, the Company’s Senior Vice President, Chief Operating Officer and member of the Company's Board of Directors, passed away on October 6, 2023.
appointed Kolleen Kennedy as a director to fill the vacancy resulting from that increase, effective August 1, 2023.
On March 28, 2022, the Board of Directors (the " Board ") of IPG Photonics Corporation (the " Company ") appointed Felix Stukalin and Agnes K. Tang to the Board, increasing the size of the Board to ten.
Max materiality 0.90 · Median 0.62 · Most common event earnings