Search
Menu
Stanley Electric Co. Ltd. - IR Light Sources 4/24 LB

IPG Photonics Posts Modest Growth in 2019 Net Revenue

Facebook X LinkedIn Email
EMMETT WARREN, NEWS EDITOR
[email protected]

OXFORD, Mass., March 2, 2020 — IPG Photonics Corp. financial results for the fourth quarter of 2019, announced in mid-February, showed that fourth-quarter 2019 net income was a loss of $4 million, which included goodwill and asset impairment, inventory provision and restructuring charges that reduced net income by $53 million. after the company’s stock fell 40% and missed growth projections. Total revenue of Q4 2019 was $307 million versus $330 million in the fourth quarter of 2018, while full-year 2019 revenue was $1.32 billion, compared to $1.46 billion in 2018. Overall, the company generated $130...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: March 2020
    Businessfinancialfinancial reportrevenueThe Motley FoolValentin GapontsevIPGChinaLEDstariffslaser weldingelectric carsWall StreetLasers

    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.