Recent events
Recent events tied to this brand in public sources.
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2019
IPG reports lower quarterly sales and income
IPG Photonics reported revenue of $329 million, down 8% year-on-year, and net income of $57.3 million, compared with $100.5 million a year earlier. It also gave an outlook for December-quarter revenue of $275 million to $300 million.
2019
IPG announces planned workforce reduction
IPG Photonics said it planned to reduce its workforce by just over 300 employees, about 5% of its headcount, alongside a hiring freeze and plans to consolidate some smaller facilities.