IPG Photonics Corporation reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to the company of $2.25 million or $0.05 per basic and diluted share on net sales of $45.8 million, operating income of $3.6 million, and income before provision for income taxes of $3.3 million compared to net income attributable to the company of $10.8 million or $0.23 per diluted share on net sales of $62.01 million, operating income of $17.08 million, and income before provision for income taxes of $16.7 million a year ago. Capital expenditures were $1.9 million. For the nine months, the company reported net income attributable to the company of $2.29 million or $0.05 per basic and diluted share on net sales of $131.6 million, operating income of $4.3 million, income before provision for income taxes of $3.1 million, net cash provided by operating activities of $37.69 million, and purchases of property, plant and equipment of $9.5 million compared to net income attributable to the company of $27.5 million or $0.60 per diluted share on net sales of $170.8 million, operating income of $42.4 million, income before provision for income taxes of $42.3 million, net cash provided by operating activities of $25.02 million, and purchases of property, plant and equipment of $29.4 million a year ago. Capital expenditures were $9.6 million. For the fourth quarter, the company expects that revenues in the range of $44 million to $49 million. The company anticipates earnings per diluted share in the range of $0.04 to $0.09 based on 46,695,000 common shares, which includes 45,573,000 basic common shares outstanding and 1,122,000 potentially dilutive options at September 30, 2009.

IPG Photonics Corporation expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

IPG Photonics Corporation, Q3 2009 Earnings Call, Nov-03 2009