IPG Photonics sees Q1 EPS $0.90-$1.20, consensus $1.08

Sees Q1 revenue $310M-$340M, consensus $332.44M. "Last year, we took decisive actions to position IPG for future success, including focusing on emerging products, disposing of non-core business and assets, and building production capabilities. Strong bookings in e-mobility and welding applications across major geographies give us reason to be optimistic in the face of macroeconomic challenges expected to persist into 2023," said Dr. Eugene Scherbakov, IPG Photonics’ Chief Executive Officer. "IPG’s performance in 2022 is a tribute to the dedicated team of employees and partners throughout the world. We are proud of their efforts overcoming supply chain constraints and a complex regulatory environment to deliver products to our customers."