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IPG Photonics’ Profit Triples in Q2

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by Melinda Rose, Senior Editor

OXFORD, Mass., Aug. 3, 2011 -— Driven by demand for high-power and pulsed fiber lasers for materials processing applications such as marking, welding and cutting, IPG Photonics Corp. reported that second-quarter revenue was up 81 percent year over year to $122 million, a record. The company's profit for the quarter tripled to almost $31 million, or 63 cents a share, up from earnings of 22 cents a share for the same quarter a year ago. The first quarter of 2011 also was a positive one, with sales hitting $100 million as revenues surged 95 percent from the previous year. (See also: IPG Sales Increase 95% in Q1) ...Read full article

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    Published: August 2011
    AmericasBusinessCommunicationscutting lasersfiber lasersfiber opticsindustrialIPGIPG earningsIPG PhotonicsIPG salesmarking lasersmaterials processingMelinda Rosepulsed fiber lasersquarterly profitquarterly revenueValentin Gapontsevwelding lasersLasers

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