Description: IPG accomplishes this mission by delivering superior performance, reliability and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs.
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.
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.
IPG Mediabrands today announced that performance marketing expert and seasoned agency leader Dimitri Maex would become Global CEO of Initiative, its award-winning, full-service global brand. Maex previously served as Global CEO of Reprise Digital, the Mediabrands specialist agency dedicated to delivering integrated solutions in digital.
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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