3-year average:
Revenue Growth: 37%
Profit Growth: 100%
Total Return: 58%
Revenue Growth: 37%
Profit Growth: 100%
Total Return: 58%
If you want to cut steel, drill for
oil, make a credit card, manufacture products, lay fiber-optic cable for
broadband, weld, cut, mark or engrave something or even engage in some
wrinkle removal, you’re probably going to need a high-power laser at
some point. That’s where IPG Photonics comes in with its fiber laser
technology which has become increasingly popular in general
manufacturing and heavy industry, often replacing conventional lasers.
IPG had a tough year in 2009 when sales in the materials processing
market fell off by 25% as a result of the global recession. The
subsequent two years were much better, however, as manufacturers in
China boosted sales of mid- and high-power lasers. Net sales in 2011, at
$474.5 million, were more than double those of 2009. -- N.S.
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