Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 79

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 Dilutive effect of common stock equivalents357,604 — 232,530 — Diluted weighted average common shares42,556,317 43,837,357 42,659,243 44,901,247 Basic net income (loss) per common share$0.18 $(5.33)$0.42 $(4.22)Diluted net income (loss) per common share$0.18 $(5.33)$0.42 $(4.22)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 nine months ended September 30, 2025 and 2024 were as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Non-qualified stock options526,624 672,225 550,766 603,058 Restricted stock units20,727 202,368 346,125 232,622 Performance stock units56,068 87,662 60,212 58,872 Employee stock purchase plan— 10,494 — 41,977 Total weighed average anti-dilutive shares outstanding603,419 972,749 957,103 936,529 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 nine months ended September 30, 2025, the Company repurchased 214,408 and 705,390 shares under the February 2024 authorization, with a weighted average price of $75.99 and $65.63 per share in the open market, respectively. For the three and nine months ended September 30, 2024, the Company repurchased 984,060 and 3,346,234 shares with a weighted average price of $74.90 and $84.79 per share in the open market, respectively. The impact on the reduction of weighted average shares for the three and nine months ended September 30, 2025 was 133,128 and 298