You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Mass. Movers

IPG Photonics posts third-quarter results

Valentin Gapontsev cited new demand for lasers.

Globe Staff/File

Valentin Gapontsev cited new demand for lasers.

IPG Photonics reported flat third-quarter earnings, and cited an increase in demand for lasers for cutting and welding applications. The Oxford company, which makes fiber lasers and amplifiers, earned $42.3 million, or 81 cents per share, compared with $42.4 million, or 81 cents, a year ago. CEO Valentin Gapontsev said earnings per share “reflects the peak of our current investment cycle expanding manufacturing capacity, R&D, and sales and marketing.”

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of