IPG Photonics (IPGP) PT Raised to $130 at Needham & Company on Strong Q1 Guidance
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IPG Photonics Reports 25% Revenue Growth for Fourth Quarter 2016
February 14, 2017 8:01 AM ESTAchieves Record Year for Sales; Up 12% to $1 Billion
OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2016.
           ÂThree Months Ended December 31,
Twelve Months Ended December 31,
(In millions, except per share data) 2016 Â Â Â Â 2015 % Change 2016 Â Â Â 2015 % Change Revenue $ 280.1 $ 223.6 25 % $ 1,006.2 $ 901.3 12 % Gross margin 55.5 % 54.6 % 54.9 % 54.6 % Operating income $ 105.2 $ 83.0... More