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IPG Photonics reports record year with $1.4B in sales

Despite a $47 million tax bill from bringing home foreign earnings, Oxford’s IPG Photonics grew its 2017 net income by 33 percent to $347.6 million. 
That increase in profit was largely due to revenues of $1.4 billion, a 40 percent increase from 2016. 
For the fourth quarter, revenue increased by 29 percent to $361 million, while net income actually fell by $22 million. That decline was largely at ...

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