Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 37

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 average common shares42,480,862 44,917,696 42,542,517 45,439,126 Dilutive effect of common stock equivalents96,465 94,778 177,885 162,313 Diluted weighted average common shares42,577,327 45,012,474 42,720,402 45,601,439 Basic net income per common share$0.16 $0.45 $0.24 $0.97 Diluted net income per common share$0.16 $0.45 $0.24 $0.97 The computation of diluted weighted average common shares excludes common stock equivalents including non-qualified stock options, performance stock units ("PSUs"), restricted stock units ("RSUs") and employee stock purchase plan ("ESPP") because the effect of including them would be anti-dilutive. The weighted average anti-dilutive shares outstanding for the three and six months ended June 30, 2025 and 2024 were as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Non-qualified stock options541,147 603,281 563,037 598,073 Restricted stock units395,589 235,619 381,939 235,739 Performance stock units58,872 59,350 58,872 59,350 Employee stock purchase plan11,032 — — — Total weighed average anti-dilutive shares outstanding1,006,640 898,250 1,003,848 893,162 

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Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

On February 13, 2024, the Company announced that its Board of Directors has authorized the purchase of up to $300,000 of IPG common stock. This authorization is in addition to the Company's previously authorized stock repurchase programs.For the three and six months ended June 30, 2025, the Company repurchased 490,982 shares under the February 2024 authorization, with a weighted average price of $61.10 per share in the open market. For the three and six months ended June 30, 2024, the Company repurchased 1,404,249 and