IPG Photonics Q2 adjusted EPS beats estimates on improved gross margin
IPGP•Outlook
- IPG Photonics expects Q3 revenue between $265 mln and $295 mln
- Company sees Q3 adjusted gross margin between 37.5% and 40.5%
- IPG Photonics anticipates Q3 adjusted EPS of $0.30 to $0.60
Quarterly results
- U.S. laser technology maker's Q2 revenue rose 11% yr/yr, slightly missing analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Gross margin improved, aided by lower costs, inventory provisions, and tariff refunds
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Miss* | $278.60 mln | $279.98 mln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $0.58 | $0.38 (7 Analysts) |
| Q2 EPS | $0.12 | ||
| Q2 Net Income | $5.20 mln | ||
| Q2 Gross Margin | 40.40% | ||
| Q2 Operating Income | $4.50 mln | ||
| Q2 Operating Margin | 1.60% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Drivers by segment
- - Co said 16% yr/yr sales growth in Industrial Solutions, led by welding, marking, cleaning and additive manufacturing applications, drove overall revenue increase
