Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

IPG's Revenue Up 29 Percent

Photonics.com
Nov 2008
OXFORD, Mass., Nov. 6, 2008 -- Fiber laser and amplifier maker IPG Photonics Corp. reported Thursday that revenue for the third quarter increased by 29 percent to $62 million, driven by strong sales of its lasers for materials processing applications -- up 47 percent from a year ago -- as well as to North American, European and Asian markets.

Net income increased by 27 percent over the third quarter of 2007, to nearly $11 million, the company reported. For the first nine months of 2008, revenue increased 28 percent to $170.9 million from $133.6 million a year ago and net income increased by 28 percent to $27.6 million from $21.6 million in the same period last year.

"The industrial marketplace continues to embrace our fiber lasers as a more reliable, robust, efficient and flexible manufacturing solution that also provides the financial advantages of lower costs and higher throughput compared with conventional processes," said Dr. Valentin Gapontsev, IPG Photonics CEO, adding that the materials processing market continues to be the company's strongest revenue driver.

"Geographically, all of our major markets achieved at least double-digit gains, with sales to Japan increasing by 110 percent," he said. "Sales of our medium-powered lasers more than doubled and pulsed laser sales continued to be strong with a 42 percent increase over the prior year, driven by demand for photovoltaic manufacturing and marking applications."

The company said it expects revenue for the fourth quarter of 2008 to be in the range of $57 million to $62 million, and earnings per diluted share in the range of 19 cents to 23 cents.

"As we enter what promises to be one of the most challenging economic times in recent memory, we believe that IPG and its products are well positioned. We expect high-power laser sales to remain strong in the fourth quarter. However, we expect that this strength will be offset by lower sales of our pulsed laser products in certain Asian markets. Also, the effect of a weakening euro has lowered our estimates by approximately $3 million," Gapontsev said.

For more information, visit: www.ipgphotonics.com



GLOSSARY
amplifier
A device that enlarges and strengthens a signal's output without significantly distorting its original waveshape. There are amplifiers for acoustical, optical and electronic signals.
fiber laser
A laser in which the lasing medium is an optical fiber doped with low levels of rare-earth halides to make it capable of amplifying light. Output is tunable over a broad range and can be broadband. Laser diodes can be used for pumping because of the fiber laser's low threshold power, eliminating the need for cooling.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.