A month has gone by since the last earnings report for IPG Photonics (IPGP) . Shares have lost about 7.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is IPG due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. IPG Photonics Q3 Earnings Beat Estimates, Revenues Decli ...

For the quarter ended September 2024, IPG Photonics (IPGP) reported revenue of $233.14 million, down 22.7% over the same period last year. EPS came in at $0.29, compared to $1.16 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $224.85 million, representing a surprise of +3.69%. The company delivered an EPS surprise of +70.59%, with the consensus EPS estimate being $0.17. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Earnings Call Presentation Third Quarter 2024 October 29, 2024 10:00 am ET • By phone: 877-407-6184 in the US or 201-389-0877 internationally • A live webcast of the call will be available and archived on the investor relations section of the Company's website at investor.ipgphotonics.com Note Regarding Forward Looking Statements and Use of Non-GAAP Financials Information and statements provided by IPG and its employees, including statements in this presentation, that relate to future plans, events or perfo ...

Group 1: Earnings Performance - IPG Photonics reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, but down from $1.16 per share a year ago, representing an earnings surprise of 70.59% [1] - The company posted revenues of $233.14 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.69%, but down from $301.4 million year-over-year [2] Group 2: Stock Performance and Outlook - IPG shares have declined approximately 27% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $231.86 million, and for the current fiscal year, it is $1.37 on revenues of $969.9 million [7] Group 3: Industry Context - The Lasers Systems and Components industry, to which IPG belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating a challenging environment [8] - Another company in the same industry, Lumentum, is expected to report a quarterly earnings decline of 62.9% year-over-year, with revenues projected to be $325.6 million, up 2.5% from the previous year [9][10]

Financial Performance - Third quarter revenue was $233 million, a decrease of 23% year-over-year, primarily due to lower demand in industrial and e-mobility markets[3] - Gross margin for the third quarter was 23.2%, significantly down from 44.1% in the same quarter last year, impacted by a $30 million inventory provision[3] - The net loss attributable to IPG Photonics Corporation was $233.6 million, compared to a net income of $55 million in the prior year[1] - Loss per diluted share was $5.33, a significant decline from earnings of $1.16 per share in the same quarter last year[1] - Operating loss for the third quarter was $253.3 million, compared to an operating income of $55.7 million in the prior year[1] - The company experienced a net loss of $189,341 for the nine months ended September 30, 2024, compared to a net income of $177,450 for the same period in 2023[18] - Net loss attributable to IPG Photonics Corporation for the three months ended September 30, 2024, was $(233,594) thousand, resulting in a diluted EPS of $(5.33) [33] - Total adjustments to reconcile to adjusted net income amounted to $255,249 thousand, leading to an adjusted net income of $12,901 thousand and an adjusted diluted EPS of $0.29 [33] - The adjusted net income reflects a significant reduction due to the losses reported in the quarter [33] Cash Flow and Assets - The company generated $66 million in cash from operations during the third quarter[4] - Cash and cash equivalents increased to $883,871 as of September 30, 2024, up 71.8% from $514,674 at the beginning of the year[18] - Cash flows from operating activities provided $174,112 for the nine months ended September 30, 2024, compared to $189,924 for the same period in 2023[18] - The company reported a net cash provided by investing activities of $471,279 for the nine months ended September 30, 2024, compared to a net cash used of $162,996 for the same period in 2023[18] - As of September 30, 2024, IPG Photonics Corporation reported total assets of $2,355,130, a decrease of 12.7% from $2,698,898 on December 31, 2023[15][16] - Total current liabilities decreased to $194,182 as of September 30, 2024, down 9.7% from $214,861 at the end of 2023[15] - The total equity of IPG Photonics Corporation decreased to $2,114,612 as of September 30, 2024, down 12.5% from $2,415,385 at the end of 2023[16] Future Outlook - For Q4 2024, IPG expects revenue between $210 million and $240 million, with a gross margin of 35% to 38%[5] - The company anticipates earnings per diluted share in the range of $0.05 to $0.35 for the fourth quarter, excluding Russian operations[5] - Future outlook and guidance were not detailed in the provided content [34] Strategic Developments - The company completed its exit from Russia and announced the acquisition of cleanLASER to strengthen its position in high-precision laser cleaning applications[2] - Emerging growth products accounted for 45% of total revenue, slightly down from 46% in the previous quarter[3] Adjustments and Provisions - Adjusted gross profit for the three months ended September 30, 2024, was $83,973, with an adjusted gross margin of 36.0%[32] - The company recorded an inventory provision of $29,884, which contributed to the adjusted gross profit calculation[32] - Long-lived asset impairment recorded was $26,566 thousand, contributing $0.61 to the diluted EPS [33] - Loss on divestiture was $197,651 thousand, impacting the diluted EPS by $4.55 [33] - Inventory provision was $29,884 thousand, which adjusted the net income by $0.49 per share [33] - Loss on foreign exchange was $1,148 thousand, affecting the diluted EPS by $0.02 [33] - Discrete tax impacts totaled $(1,981) thousand, resulting in a negative impact of $(0.05) on diluted EPS [33] - The company reported total adjustments of $(8,754) thousand after tax [33] - Total stock-based compensation of $29,430 for the nine months ended September 30, 2024, compared to $27,462 for the same period in 2023[22]

A month has gone by since the last earnings report for IPG Photonics (IPGP) . Shares have lost about 13.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is IPG due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. IPG Photonics Q2 Earnings Miss, Revenues Decline Y/Y IPG ...

For the quarter ended June 2024, IPG Photonics (IPGP) reported revenue of $257.65 million, down 24.2% over the same period last year. EPS came in at $0.45, compared to $1.31 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how IPG performed in the just reported quarter in terms of the met ...

Emerging growth product sales contributed 46% to revenues, which improved sequentially driven by growth in handheld welding, medical and advanced applications. Revenues of $258 million declined 24% on a year-over-year basis but beat the consensus mark by 0.88%. Unfavorable forex hurt revenue growth by 2%. Quarterly Details Revenues from other applications increased 24% year over year, primarily due to higher revenues in medical and advanced applications. IPG Photonics reported a gross margin of 37.3%, down ...

IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3444218 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such fili ...

IPG shares have lost about 19.3% since the beginning of the year versus the S&P 500's gain of 14.5%. What's Next for IPG? While IPG has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these ...