NASDAQ$IPGP

Ipg Photonics Corp. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Growth driven by higher demand across diverse applications and geographies, enhanced by solid performance in electric vehicle applications and emerging growth products.

IPG Photonics reported a solid first quarter with revenue growth driven by increased demand across various applications in Europe, North America, and Japan. The company's diversification strategy, particularly in electric vehicle production, handheld welding, and medical products, contributed to the results. China's share of revenue decreased to 35% this quarter.

  • First quarter revenue increased 7% year over year to $370 million.
  • Earnings per diluted share (EPS) increased by 4% year over year to $1.31.
  • Sales increased 27% in Europe, 5% in North America, and 18% in Japan, and decreased 7% in China on a year-over-year basis.
  • Materials processing sales accounted for 92% of total revenue and increased 7% year over year.

Headline financials

Total Revenue

$370M

Previous: $346M+7.1%
EPS (adj)

$1.31

Previous: $1.26+4.0%
Gross Margin

46.4%

Previous: 47.5%-2.3%
Operating Margin

25.2%

Previous: 25.7%-1.9%
Capital Expenditures

-$25.2M

Previous: -$27.4M+8.2%
Free Cash Flow

$44.4M

Previous: $40.7M+9.1%
Net Income

$69.6M

Previous: $68.1M+2.1%
Operating Income

$93.1M

Previous: $88.8M+4.8%
Gross Profit

$172M

Previous: $164M+4.8%
Cash & Equivalents

$643M

Previous: $897M-28.3%
Total Assets

$3.1B

Previous: $2.98B+3.9%
Stock-Based Comp

$9.99M

Previous: $8.82M+13.4%

Revenue & EPS history

IPG Photonics · Revenue · Quarterly

$370M

Q1 2022+7.1%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

IPG Photonics · $370M total across 2 segments · Q1 2022

  • Materials Processing
    $340M+7.1%
  • Other Applications
    $29.6M+6.8%

Forward guidance

For the second quarter of 2022, IPG expects revenue of $355 to $385 million and earnings per diluted share in the range of $0.95 to $1.25. The Company expects the second quarter tax rate to be approximately 26%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-2.3%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+35.5%

Q4 2025

Best reaction

-26.2%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-25.1%-14.6%+0.1%
Q4 2025+35.5%+21.6%+0.0%
Q3 2025-0.2%-2.3%-9.9%
Q1 2025-13.0%-4.7%+8.4%
Q4 2024-5.5%-5.7%-11.7%
Q3 2024+5.1%+3.8%-2.5%
Q2 2024-8.2%-18.5%-21.0%
Q1 2024-5.7%-2.1%-3.9%
Q4 2023-15.2%-16.5%-16.0%
Q3 2023+4.0%+9.8%+14.4%
Q2 2023-15.1%-17.2%-17.6%
Q1 2023+0.7%+0.2%-6.4%
Q4 2022+16.5%+16.6%+6.5%
Q3 2022+2.6%+2.5%+8.3%
Q2 2022-3.9%-5.4%-16.0%
Q1 2022+10.7%+1.9%+5.9%
Q4 2021-4.1%-6.7%-20.5%
Q3 2021+7.6%+5.0%-0.5%
Q2 2021-17.3%-16.5%-20.3%
Q1 2021-10.4%-6.7%-5.0%
Q4 2020-6.1%-7.2%-16.7%
Q3 2020+1.9%+3.6%+8.8%
Q2 2020-7.4%-9.3%-9.3%
Q1 2020+21.1%+27.7%+35.5%
Q4 2019-5.2%-7.7%-23.7%
Q3 2019-7.1%-2.9%+0.7%
Q2 2019-6.0%-15.0%-12.0%
Q1 2019-1.3%-0.9%-25.7%
Q4 2018+8.8%+12.8%+8.9%
Q3 2018+1.7%+11.0%+7.6%
Q2 2018-26.2%-24.0%-23.0%
Q1 2018+6.3%+9.5%+13.3%
Q4 2017-7.7%-4.3%-4.7%
Q3 2017-0.6%+3.0%+10.3%
Q2 2017+6.2%+5.3%+15.2%
Q1 2017+6.9%+5.6%+11.1%
Q4 2016+4.9%+2.9%+3.5%
Q3 2016+14.2%+12.2%+14.8%
Q2 2016+0.0%-1.5%+3.3%
Q1 2016-15.6%
Q4 2015-2.5%
Q3 2015+11.7%
Q2 2015+16.8%
Q1 2015-2.2%
Q4 2014+9.4%
Q3 2014+5.9%
Q2 2014+8.3%
Q1 2014-5.2%
Q4 2013+1.6%
Q3 2013-9.1%
Q2 2013-0.7%
Q1 2013-9.1%
Q1 2011+2.6%
Q4 2012-10.6%
Q3 2012-5.4%
Q4 2011+10.5%
Q2 2012+11.9%
Q1 2012+11.0%
Q4 2009-6.1%
Q1 2010-6.1%
Q3 2011-7.1%
Q3 2010-7.1%
Q4 2010-4.0%
Q2 2010-4.0%
Q2 2011-4.0%

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