IPG Photonics (IPGP) is the inventor and the world's leading producer of high-power fiber lasers, which enable greater precision, higher-speed processing, more flexible production methods and enhanced productivity within various industries.
The company recently announced some very ugly numbers for the third quarter of 2018. During the recent quarter, IPG generated revenues of $356 million, down 9 percent compared to the same quarter last year. On the bottom line, earnings amounted to $1.84 per share, down 13 percent year over year. Margins have also taken a beating. Operating margins during the past quarter