IPG Photonics(IPGP) - 2023 Q1 - Earnings Call Transcript

Conference Call Participants In the first quarter emerging growth product sales grew both sequentially and year-over-year accounted for 45% of total sales. Many of these products are benefiting from global investments in e-mobility and renewable energy. Foreign currency transaction gains related to remeasuring foreign currency assets and liabilities to period-end exchange rates had a positive impact on operating income of $3 million and positively benefited earnings per share by $0.06. Excluding the currenc ...