August 7, 2007
IPG reports 33 percent net increase
By Matthew L. Brown
Oxford-based fiber laser-maker IPG Photonics Corp. reported drastic gains for the second quarter, including 37 percent revenue growth compared to the same quarter a year ago.
The company reported net income of $6.4 million for the quarter, a 33 percent increase over the second quarter of 2006.
Revenue for the quarter came in at $44 million, according to the company.
Operating income at IPG stood at $10.1 million at the end of the second quarter, a 35 percent increase over the $7.5 million in operating income the company reported last year.
The company said the increases were due to strong sales of its fiber laser products, which are displacing traditional lasers used in materials processing. That segment of the company's business increased by 47 percent over the second quarter of last year, the company said.
The company said it expects third-quarter revenue between $44 and $49 million
The company reported net income of $6.4 million for the quarter, a 33 percent increase over the second quarter of 2006.
Revenue for the quarter came in at $44 million, according to the company.
Operating income at IPG stood at $10.1 million at the end of the second quarter, a 35 percent increase over the $7.5 million in operating income the company reported last year.
The company said the increases were due to strong sales of its fiber laser products, which are displacing traditional lasers used in materials processing. That segment of the company's business increased by 47 percent over the second quarter of last year, the company said.
The company said it expects third-quarter revenue between $44 and $49 million
WBJ Web Partners
Most Recent
Most Recent
0 Comments