IPG Photonics Announces Fourth Quarter 2020 Financial Results
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IPG Photonics (IPGP) Reports Q4 EPS of $0.92
February 16, 2021 8:07 AM ESTIPG Photonics (NASDAQ: IPGP) reported Q4 EPS of $0.92, versus ($0.08) reported last year. Revenue for the quarter came in at $336.6 million, versus $306.6 million reported last year.
Business Outlook and Financial Guidance
"Bookings growth was strong across all our key geographies, building on the improvements that started in the third quarter. We believe we are starting to benefit more meaningfully from a stronger investment cycle driven by equipment upgrades, automation, the need for flexible processing and even improved efficiency. In total, fourth quarter book-to-bill was above 1. Our total backlog was $674 million,... More
