IPG Photonics Announces Fourth Quarter 2024 Financial Results
Delivered Revenue At the High End of the Guidance Improved Gross Margin and Generated Strong Cash Flow From Operations MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2024. Three Months EndedDecember 31, Twelve Months EndedDecember 31, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 ChangeRevenue $234.3 $298.9 (22)% $977.1 $1,287.4 (24)%Gross m