IPG Photonics reports Q3 adjusted EPS 35c, consensus 20c

Reports Q3 revenue $250.8M, consensus $239.8M. “We delivered third-quarter results at the top end of our expectations with double-digit revenue growth, excluding divestitures, driven by business wins and progress in key strategic initiatives as well as stable industrial demand and growth in battery production,” said Dr. Mark Gitin, Chief Executive Officer of IPG Photonics (IPGP). “We continue to balance expense management with investments we are making in innovation and strengthening the organization that will position IPG for the next phase of sustainable, profitable growth.”