IPG Photonics(IPGP) - 2024 Q1 - Quarterly Results

Exhibit 99.1 IPG PHOTONICS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Delayed E-mobility Investments and Soft Industrial Demand Negatively Impacted Results Strong Operating Cash Flow Benefited from Working Capital Management MARLBOROUGH, Mass. – April 30, 2024 - IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the first quarter ended March 31, 2024. Three Months Ended March 31, (In millions, except per share data and percentages) 2024 2023 Change Revenue $ 252.0 $ 347.2 (27) ...