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IPG Photonics Corp.

IPG sees $66M drop in first-quarter revenue, 34% drop in profits

Oxford's IPG Photonics reported Tuesday a nearly $66 million, or 21%, drop in first quarter revenue, a figure the laser manufacturer said was at the high end of its expectations during the coronavirus pandemic.

Stock of 10 largest Central Mass. public firms plunged 29%

As recently as Feb. 19, stocks were riding high for Central Massachusetts-based public companies and beyond. As coronavirus has spread into a pandemic that's brought much of the economy to a standstill, those stocks have not been spared.

Coronavirus’ financial impact hitting Central Mass.

Central Massachusetts businesses with broad geographic reaches are feeling the effects of the spread of coronavirus.

IPG Photonics reports Q4 loss

A tough year is in the books for Oxford laser manufacturer IPG Photonics as the company reported a fourth quarter loss.
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IPG executive sells $291K in stock following job losses announcement

About a week after the Oxford laser manufacturer announced it would eliminate 300 jobs, a top executive at IPG Photonics sold $290,980 worth of his stock in the company.

IPG to eliminate 300 jobs as stock plummets

Oxford laser manufacturing IPG Photonics’ stock plummeted 13% Tuesday following a disappointing earnings third quarter report in which the company announced it will lay off 300 people from its global workforce.

Treasury: IPG CEO Gapontsev not a Russian oligarch

The U.S. Department of the Treasury has backtracked from its designation of IPG Photonics CEO Valentin Gapontsev as a Russian oligarch after the two sides settled a lawsuit brought by the Russian-born physicist.

Forbes: Oxford laser physicist’s family is one of Russia’s wealthiest

The family of Russian-American billionaire and Central Mass. executive Valentin Gapontsev is one of the wealthiest in Russia, according to a new ranking by Forbes magazine. 
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IPG reports 41% profit decline as trade war continues

IPG Photonics is far behind its pace last year, eporting a 12% decline in revenue and more than a 40% decline in profit for both the second quarter and first half of 2019 amid a challenging geopolitical environment. 

Gapontsev, Treasury reach agreement on oligarch suit

IPG Photonics CEO Valentin Gapontsev and the U.S. Department of the Treasury have reached an agreement on Russian-born and American citizen’s physicists complaint about being listed as a Russian oligarch.
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