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IPG Photonics Posts Modest Growth in 2019 Net Revenue

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EMMETT WARREN, NEWS EDITOR
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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

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    Published: March 2020
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