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Last $94.50 USD
Change Today -2.04 / -2.11%
Volume 317.5K
IPGP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ipg photonics corp (IPGP) Snapshot

Open
$96.54
Previous Close
$96.54
Day High
$96.66
Day Low
$94.01
52 Week High
03/20/15 - $101.69
52 Week Low
05/15/14 - $60.31
Market Cap
5.0B
Average Volume 10 Days
323.1K
EPS TTM
$3.81
Shares Outstanding
52.6M
EX-Date
12/19/12
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for IPG PHOTONICS CORP (IPGP)

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ipg photonics corp (IPGP) Details

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications, primarily in materials processing worldwide. The company's laser products include low, medium, and high output power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks, such as fiber to the home, fiber to the curb, passive optical networks, and dense wavelength division multiplexing networks; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining versions of its amplifier products. In addition, the company offers integrated laser systems, industrial grade UV excimer, and diode pumped solid state and picosecond laser micromachining systems; specialized fiber laser systems for material processing applications; and welding seam stepper and picker, a fiber laser welding tool for use in automotive assembly, appliances, rail cars, and other sheet metal fabrication. Its lasers and amplifiers are also used in advanced, communications, and medical applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.

3,030 Employees
Last Reported Date: 03/2/15
Founded in 1990

ipg photonics corp (IPGP) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $559.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $411.4K
Senior Vice President of Europe, Director and...
Total Annual Compensation: $460.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $385.2K
Senior Vice President of Components
Total Annual Compensation: $374.5K
Compensation as of Fiscal Year 2014.

ipg photonics corp (IPGP) Key Developments

IPG Photonics Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015; Provides Capital Expenditure Guidance for the Year 2015

IPG Photonics Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $207,402,000 against $165,859,000 a year ago. Net income attributable to the company was $56,431,000 against $36,595,000 a year ago. Diluted earnings per share were $1.07 against $0.70 a year ago. Operating income was $79,631,000 against $48,853,000 a year ago. Income before provision for income taxes was $79,755,000 against $48,983,000 a year ago. Revenues for the fourth quarter of 2014 increased 25% year-over-year, driven by continued strong sales in materials processing as well as increases from other non-materials processing applications. The growth in earnings per share was driven by the increase in revenue and an improvement in operating margins. During the fourth quarter, the company generated $60.1 million in cash from operations and used $15.9 million to finance capital expenditures. For the period, the company reported net sales of $769,832,000 against $648,034,000 a year ago. Net income attributable to the company was $200,445,000 against $155,780,000 a year ago. Diluted earnings per share were $3.79 against $2.97 a year ago. Net cash provided by operating activities was $184,205,000 against $119,367,000 a year ago. Operating income was $283,758,000 against $218,147,000 a year ago. Income before provision for income taxes was $284,474,000 against $218,301,000 a year ago. Purchases of property, plant and equipment were $90,601,000 against $70,919,000 a year ago. The company delivered another record quarter increasing revenue and net income by 25% and 54%, respectively, for the fourth quarter 2014 compared to the same period last year. For the full year, IPG grew its top-line approximately 19% while increasing the bottom-line by 29%. The company expects revenue in the range of $195 million to $205 million for the first quarter of 2015. The company anticipates earnings per diluted share in the range of $0.92 to $1.02 based on 52,873,000 diluted common shares, which includes 52,153,000 basic common shares outstanding and 720,000 potentially dilutive options at December 31, 2014. For the year 2015, the company expects capital expenditures for the full year 2015 will be approximately $65 million.

IPG Photonics Mulls Acquisitions

IPG Photonics Corporation (NasdaqGS:IPGP) intends to pursue acquisitions. "We continue to look at potential acquisitions within the industry that would strengthen our position. Some of them are relatively small, some of them may be larger. We've looked at things before and walked away from them because they may have good aspects to them but there's a lot of baggage," Tim Mammen, Senior Vice President and Chief Financial Officer, said.

IPG Photonics Corporation Revises Earnings Guidance for the Fourth Quarter Ended December 31, 2014

IPG Photonics Corporation reported preliminary financial results for the fourth quarter ended December 31, 2014. For the fourth quarter, the company expects to report revenues of approximately $207 million compared with the previously guided range of $190 million to $205 million, and earnings per diluted share in the range of $1.06 to $1.07, including a benefit of $0.03 from foreign exchange, compared with previous guidance of between $0.86 and $1.01 per diluted share. The company's approximately 25% year-over-year increase in fourth quarter Revenue was primarily driven by the continued strong performance of materials processing and advanced applications.

 

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Industry Analysis

IPGP

Industry Average

Valuation IPGP Industry Range
Price/Earnings 24.9x
Price/Sales 6.4x
Price/Book 4.7x
Price/Cash Flow 24.8x
TEV/Sales 5.7x
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