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IPG Photonics Announces Continued Production at Russian

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Contact Information Tom Cunningham Press 212 704-1326 Jerry Leshne Analysts, Investors 212 704-1439.

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Readers are encouraged to refer to the risk factors described in IPG's Annual Report on Form 10-K filed with the SEC on February 22, 2022 and IPG's reports filed with the SEC, as applicable.
Management believes that the Company can start to reduce the reliance on components sourced from Russia within a few months and substantially reduce the risk related to sourcing these components from Russia in six to nine months.
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    IPG Photonics Corporation (“IPG”) is committed to complying with applicable law and conducting business in an ethical manner, as reflected in IPG’s Code of Business Conduct. Moreover, IPG’s standard purchasing agreement requires all IPG suppliers to comply with all applicable local, state, federal and foreign laws and regulations.
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    While reporting financial results for the first quarter on Tuesday, IPG Photonics Corp. provided earnings and revenue guidance for the second quarter, in line with estimates. For the second quarter, the company expects earnings in a range of $0.95 to $1.25 per share on revenues between $355 million and $385 million.
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