IPG Photonics Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 252.01 million compared to USD 347.17 million a year ago. Net income was USD 24.1 million compared to USD 60.14 million a year ago.

Basic earnings per share from continuing operations was USD 0.52 compared to USD 1.26 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 1.26 a year ago.