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
share
Email Facebook Twitter Google+ LinkedIn Comments

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  


AmericasamplifiersBusinessfiber lasersfiber opticsIPG PhotonicsMassachusettspulsed lasersValentin Gapontsevlasers

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.