IPG Photonics Corp (IPG) is a manufacturer and supplier of fiber lasers and amplifiers. Its product portfolio includes low-power CW fiber lasers, high-power CW fiber lasers, Quasi-CW fiber lasers, mid-IR hybrid lasers, diode laser systems, welding, brazing system, marking, and engraving systems, Raman lasers, telecom amplifiers, chillers, and other components. Its products are used for material processing, laser application centers; telecommunication, medical, advanced, and scientific purposes. IPG offers its products to various industries such as transportation, printing, manufacturing, automotive, medical, research, aerospace, consumer products, electronics, and communication industries. The company has its operations in the Americas, Europe, and Asia. IPG is headquartered in Marlborough, Massachusetts, the US.
Headquarters
United States of America
Address
377 Simarano Drive, Marlborough, Massachusetts, 01752
Website
www.ipgphotonics.com
Telephone
1 508 3731100
No of Employees
6,180
Industry
Technology and Communications
Ticker Symbol & Exchange
IPGP (NASD)
Revenue (2022)
$1.3B
-9.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
99.1%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
121.1%
(2022 vs 2021)
* As of and is in US$
IPG Photonics Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Lasers |
| Laser Systems |
| Amplifiers and Chillers |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company and Miller Electric Mfg entered into a strategic partnership to promote laser solutions for handheld welding applications. |
| 2023 | New Products/Services | In September, the company introduced a new Adjustable Mode Beam laser. |
| 2023 | New Products/Services | In January, the company announced the launch of three deep ultraviolet (Deep UV) lasers with its proprietary non-linear crystals. |
Competitor Comparison
| Key Parameters | IPG Photonics Corp | Trumpf SE + Co KG | MKS Instruments Inc | Lumentum Holdings Inc | Wuhan Raycus Fiber Laser Technologies Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | United States of America | United States of America | China |
| City | Marlborough | Ditzingen | Andover | San Jose | Wuhan |
| State/Province | Massachusetts | Baden-Wurttemberg | Massachusetts | California | Hubei |
| No. of Employees | 6,180 | 18,352 | 10,000 | 7,500 | 3,540 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Eugene Scherbakov | Director; Chief Executive Officer | Executive Board | 2021 | 75 |
| Felix Stukalin | Director; Senior Vice President; Chief Operating Officer | Executive Board | 2022 | 61 |
| Timothy P V Mammen | Chief Financial Officer; Senior Vice President | Senior Management | - | 53 |
| Alexander Ovtchinnikov | Chief Technology Officer; Senior Vice President | Senior Management | 2022 | 62 |
| Igor Samartsev | Chief Scientist; Senior Vice President | Senior Management | 2022 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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