IPG Photonics Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

IPG Photonics (NASDAQ:IPGP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$233.1m (down 23% from 3Q 2023).
• Net loss: US$233.6m (down from US$55.0m profit in 3Q 2023).
• US$5.33 loss per share (down from US$1.16 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IPG Photonics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on IPG Photonics' balance sheet.

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