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Industrial laser maker IPG Photonics (Oxford, MA) has reported its financial results for the third quarter ended September 30, 2016.According to Dr. Valentin Gapontsev, the company's CEO, "IPG achieved another quarter of record sales for the third quarter of 2016. Sales of $266 million were above the high end of our guidance range, reflecting a rebound in our core materials processing applications driven by increased demand in Asia, North America, and certain parts of Europe. In addition to our record sales, we are also encouraged by robust bookings that remained strong throughout the quarter and were not impacted by the typical seasonality. As a result, our book-to-bill was above one for the third quarter."Materials processing sales increased 10% year-over-year, primarily driven...
Date: 2016 - 10 - 13
Click:54
Industrial laser maker IPG Photonics (Oxford, MA) has reported its financial results for the third quarter ended September 30, 2016.According to Dr. Valentin Gapontsev, the company's CEO, "IPG achieved another quarter of record sales for the third quarter of 2016. Sales of $266 million were above the high end of our guidance range, reflecting a rebound in our core materials processing applications driven by increased demand in Asia, North America, and certain parts of Europe. In addition to our record sales, we are also encouraged by robust bookings that remained strong throughout the qua...
Date: 2016 - 10 - 13
Click:54
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address:No. 3, He Feng Road, Zonghe Industrial Park, Zhengdian Street, Jiangxia District, 430200, Wuhan, Hubei, China
Tel: 027-84618501
Fax: 027-84618501
Zip code:330520