IPG Photonics Corporation
86.37-0.64 (-0.74%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · IPGP · USD
Key Stats
Market Cap
3.65BP/E (TTM)
-Basic EPS (TTM)
-4.82Dividend Yield
0%Recent Filings
8-K
IPG updates executive severance
IPG Photonics updated its executive severance plan on September 30, 2025, enhancing benefits for vice presidents and above—excluding the CEO—with prorated performance equity vesting plus 12 months' extra service credit outside change-in-control events, and target-level vesting post-change. Four senior VPs' prior employment agreements terminated, shifting them to at-will status under the plan, while the annual incentive plan now requires active payroll on payout day except for qualifying terminations. Non-executive chair's retainer rose $5,000 to $85,000 based on peer surveys. These tweaks signal tighter executive alignment, yet expose the firm to higher potential payouts amid volatility. 
8-K
Q2 revenue dips but beats expectations
IPG Photonics reported Q2 2025 revenue of $250.7 million, down 3% year-over-year due to divestitures but up excluding them, with growth in medical and advanced applications offsetting softer materials processing. Gross margin held steady at 37.3%, while adjusted EBITDA fell 20% to $31.5 million amid higher costs and tariffs. Book-to-bill hit one. Emerging products now drive 54% of sales. Tariffs cloud the outlook. 
10-Q
Q2 FY2025 results
IPG Photonics posted Q2 revenue of $250.7M, down 2.7% y/y but up 3.8% q/q (derived), with gross margin steady at 37.3% despite tariff pressures. Materials processing, 85% of sales, dipped 6% y/y on softer cutting and welding, yet other applications surged 21% y/y from medical and advanced uses, boosted by the cleanLASER acquisition closed in Q4 2024 for $66.7M net cash. Operating income shrank to $0.1M from $12.0M y/y, while net income fell to $6.6M or $0.16 diluted EPS, aligning with 42.6M shares; YTD net income of $10.4M or $0.24 EPS tracks consistently. Cash from operations hit $11.2M YTD, down sharply y/y, with free cash flow negative at -$29.0M (derived) after $40.2M capex, but $359.2M cash and $540.4M short-term investments back a debt-free balance sheet and $199M revolver availability under fresh covenants. Stock buybacks trimmed shares by 0.5M. Tariffs nibble margins, but diversification counters cyclical risks. 
8-K
IPG appoints operations SVP
IPG Photonics appointed Dr. Paulus Bucher as Senior Vice President, Global Operations, effective July 1, 2025, bringing his expertise from leading manufacturing integrations at Adtran and ADVA. Based in Germany initially, he will relocate to U.S. headquarters post-visa approval, earning $420,000 base salary plus 65% AIP target and 150% equity grants in RSUs and PSUs. This hire bolsters global supply chain efficiency amid complex operations. Relocation terms remain pending. 
8-K
IPG secures $200M credit renewal
IPG Photonics inked a fresh $200 million revolving credit pact with Bank of America on June 24, 2025, swapping out its prior loan deal set to lapse in days. This unsecured setup, running to 2030 with a possible $100 million bump, funds working capital and capex at rates tied to Term SOFR plus a leverage-based spread, while mandating a net leverage cap of 3.00:1 quarterly. Lenders hold sway over defaults, yet the facility bolsters liquidity amid steady ops. 
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