Stock Monitor: Synopsys Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors free earnings report on IPG Photonics Corp. (NASDAQ: IPGP) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=IPGP. The Company posted its financial results on October 30, 2017, for the third quarter of the fiscal year 2017. The high-powered laser maker?s revenue and EPS surpassed analysts? expectations. Register today and get free access to our complimentary member?s area where many more reports are available:

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Active-Investors.com is currently working on the research report for Synopsys, Inc. (NASDAQ: SNPS), which also belongs to the Technology sector as the Company IPG Photonics. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, IPG Photonics most recent news is on our radar and we have decided to include it on our blog post. Today?s free coverage is available at:

www.active-investors.com/registration-sg/?symbol=IPGP

Earnings Highlights and Summary

For the three months ended September 30, 2017, IPG Photonics? net revenues increased 48% to $392.62 million from $266.02 million in Q3 FY16. The Company?s revenue numbers surpassed analysts? expectations of $366.3 million.

During Q3 FY17, the Company?s Materials processing sales growth was 52%, driven by strength in cutting, welding, and 3D printing applications and accounted for 95% of the Company?s total sales. For the reported quarter, the Company?s Sales to other markets growth was negative 9%, while High-power laser sales growth was 60%, driven by rapid growth in cutting and welding applications. During Q3 FY17, the Company?s QCW laser sales growth was 104%, driven by growth in consumer electronics production.

During Q3 FY17, IPG Photonics? gross profit increased 55.1% to $224.56 million from $144.79 million in the same period of last year. For the reported quarter, the Company?s gross margin increased 280 basis points to 57.2% of revenue from 54.4% of revenue in Q3 FY16, due to an improved manufacturing efficiency, cost reductions, and a favorable product mix.

During Q3 FY17, IPG Photonics? operating income increased 70% to $160.22 million from $94.09 million in the comparable period of last year. During Q3 FY17, the Company?s operating margin increased 540 basis points to 40.8% of revenue from 35.4% of revenue in Q3 FY16.

For the reported quarter, IPG Photonics? net income increased 67% to $115.60 million on a y-o-y basis from $69.24 million in Q3 FY16. During Q3 FY17, the Company?s diluted earnings per share (EPS) increased 64% to $2.11 on a y-o-y basis from $1.29 in the corresponding period of last year. The diluted EPS surpassed analysts? expectations of $1.79.

Balance Sheet

As on September 30, 2017, IPG Photonics? cash and cash equivalents increased 41.1% to $880.27 million from $623.86 million as on December 31, 2016. For the reported quarter, the Company?s net long-term debt increased 23% to $46.30 million from $37.64 million in Q4 FY16.

For the reported quarter, the Company?s net accounts receivables increased 45.5% to $226.76 million from $155.90 million in the fourth quarter of 2016. For the reported quarter, the Company?s accounts payables increased 22.2% to $34.27 million from $28.05 million in Q4 FY16.

In the first nine months of 2017, the Company?s cash provided by operating activities increased 51.6% to $296.85 million from $195.85 million in the same period of last year, due to a rapid growth across the Company?s product portfolio.

During Q3 FY17, the Company repurchased 17,000 shares for $3 million.

Outlook

For Q4 FY17, the Company expects revenue growth to be in the range of 18% - 27%, and estimates diluted EPS to be in the band of $1.55 - $1.80.

For FY17, the Company expects revenue growth to be in the range of 37% - 39%, and expects capital expenditure to be in the band of $100 million - $119 million.

Stock Performance Snapshot

December 05, 2017 - At Tuesday?s closing bell, IPG Photonics? stock advanced 1.09%, ending the trading session at $202.98.

Volume traded for the day: 753.07 thousand shares, which was above the 3-month average volume of 472.62 thousand shares.

Stock performance in the last three-month ? up 17.44%; previous six-month period ? up 40.09%; past twelve-month period ? up 108.91%; and year-to-date ? up 105.63%

After yesterday?s close, IPG Photonics? market cap was at $10.89 billion.

Price to Earnings (P/E) ratio was at 29.87.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry. This sector was up 0.1% at the end of the session.

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