Key Developments: IPG Photonics Corp (IPGP.O)
61.78USD
17 May 2013
$1.29 (+2.13%)
$60.49
$60.79
$61.99
$60.41
583,928
507,971
$70.11
$37.58
Latest Key Developments (Source: Significant Developments)
IPG Photonics Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates
IPG Photonics Corp announced that for second quarter of 2013, it expects revenue in the range of $155 million to $165 million. The Company expects earnings per diluted share (EPS) in the range of $0.72 to $0.82 based on 52,350,000 diluted common shares, which includes 51,407,000 basic common shares outstanding and 943,000 potentially dilutive options at March 31, 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $163 million and EPS of $0.78 for second quarter of 2013. Full Article
IPG Photonics Corp Issues Q1 2013 Guidance In Line With Analysts' Estimates
IPG Photonics Corp announced that it expects revenue in the range of $145 million to $155 million and anticipates earnings per diluted share (EPS) in the range of $0.65 to $0.75 for the first quarter of 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $145 million and EPS of $0.72 for the first quarter of 2013. Full Article
IPG Photonics Corp Announces $0.65 Per Share One-Time Special Dividend
IPG Photonics Corp announced that Board of Directors approved a $0.65 per share one-time special cash dividend on its outstanding common stock payable on or about December 28, 2012 to stockholders of record at the close of business on December 21, 2012. Full Article
IPG Photonics Corp Issues Q4 2012 Guidance Below Analysts' Estimates
IPG Photonics Corp announced that for the fourth quarter of 2012, it expects revenue in the range of $140 million to $150 million and earnings per diluted share (EPS) in the range of $0.65 to $0.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $156 million and EPS of $0.81 for the fourth quarter of 2012. Full Article
IPG Photonics Corp Expands Integrated Laser Systems Offerings with Acquisition of J.P. Sercel Associates Inc.
IPG Photonics Corp announced the acquisition of privately held New Hampshire-based J.P. Sercel Associates Inc. (JPSA), a global supplier of UV excimer and diode pumped solid state (DPSS) industrial laser micromachining systems for precision processing in high-volume manufacturing. At current revenue levels, the acquisition is expected to be dilutive by $0.01 to $0.02 per share in 2012, and is expected to be accretive in 2013. Financial terms were not disclosed. The acquired business will operate under the name IPG Microsystems LLC. Full Article
IPG Photonics Corporation Issues Q3 2012 Guidance Above Analysts' Estimates
IPG Photonics Corporation announced that for the third quarter of 2012, revenue in the range of $145-$155 million and earnings per diluted share (EPS) in the range of $0.74 to $0.84. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $144 million and EPS of $0.72 for the third quarter of 2012. Full Article
IPG Photonics Corporation Acquires 22.5% Minority Interest In Russian Subsidiary
IPG Photonics Corporation announced that it purchased the outstanding 22.5% minority interest in its Russia-based subsidiary, NTO IRE-Polus (NTO), that it previously sold to Open Joint Stock Company Rusnano. IPG regained complete control of NTO for $55.4 million in cash. The Company expects the transaction to be accretive starting in the third quarter of 2012. Full Article
IPG Photonics Corporation Issues Q2 2012 Guidance In Line With Analysts' Estimates
IPG Photonics Corporation announced that for the second quarter of 2012, it expects revenue in the range of $128-$138 million and earnings per diluted share (EPS) in the range of $0.60 to $0.70. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $135 million and EPS of $0.67 for the second quarter of 2012. Full Article
IPG Photonics Corporation Announces Exercise Of Option To Purchase Additional Shares
IPG Photonics Corporation announced that the underwriters of its public offering of 3,000,000 shares of its common stock exercised their option to purchase 450,000 additional shares from the Company at the public offering price of $54.30, less underwriting discounts and commissions. BofA Merrill Lynch served as sole bookrunning manager for this offering and Needham & Company and Stifel Nicolaus Weisel served as co-managers. Full Article
IPG Photonics Corporation Announces Closing Of Public Stock Offering
IPG Photonics Corporation announced the closing of its public offering of 3,000,000 shares of its common stock, consisting of 2,800,000 shares sold by the Company and 200,000 shares sold by the Company’s chairman and chief executive officer, Dr. Valentin P. Gapontsev. The price per share in the public offering was $54.30, resulting in net proceeds to the Company, after underwriting discounts and commissions, and estimated transaction expenses, of $144.7 million. The Company did not receive any proceeds from the sale of shares in the offering by Dr. Gapontsev. BofA Merrill Lynch served as sole bookrunning manager for this offering and Needham & Company and Stifel Nicolaus Weisel served as co-managers. Full Article
BRIEF-IPG Photonics down in premarket after Q4 results, outlook
NEW YORK, Feb 15 - IPG Photonics Corp : * Down 8.8 percent to $63.40 in premarket after Q4 results, outlook
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