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IPG Sales Increase 95% in Q1

Photonics.com
May 2011
OXFORD, Mass., May 3, 2011 — IPG Photonics, a producer of fiber lasers and amplifiers, announced a 95 percent increase in sales in the first quarter of 2011, as compared to a year ago.

The increase puts IPG’s sales at $100 million with a net income of $23.1 million. First-quarter sales in 2010 were at $51.2 million with a net income of $3.4 million. According to the company, the high-power and pulsed laser sales for materials processing applications were the primary drivers of the growth.

“We reported year-over-year sales increases in all geographies and product lines. We also achieved gross margins of 54 percent and grew earnings per diluted share to $0.47 from $0.07 in the first quarter of 2010,” said Valentin Gapontsev, IPG’s CEO.

IPG Photonics expects revenues in the range of $102 million to $110 million for the second quarter of 2011.

For more information, visit: www.ipgphotonics.com  



GLOSSARY
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.
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