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IPG Photonics Announces 2015 Revenues Increase

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OXFORD, Mass., Feb. 26, 2016 — Fiber laser manufacturer IPG Photonics Corp. has announced a 17 percent increase in 2015 revenues compared to 2014, reaching $901.3 million. Net income amounted to $242.2 million, up 21 percent. Fourth quarter revenues rose 8 percent year-on-year to $223.6 million, with net income rising to $60.7 million. "We successfully executed on our strategy to drive growth through the expansion of our established markets, as well as the development of products to address new applications beyond our core applications," said Valentin Gapontsev, founder and CEO of IPG Photonics. “In the...Read full article

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    Published: February 2016
    fiber lasersLasersAmericasMassachusettsIPGearningsindustrialBiophotonicsCommunicationsValentin GapontsevBusiness

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