Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 50

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 50
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 average common shares44,335,857 47,154,217 50,761,096 Dilutive effect of common stock equivalents— 165,858 163,646 Diluted weighted average common shares44,335,857 47,320,075 50,924,742 Basic net (loss) income attributable to IPG Photonics Corporation per common share$(4.09)$4.64 $2.17 Diluted net (loss) income attributable to IPG Photonics Corporation per common share$(4.09)$4.63 $2.16 The computation of diluted weighted average common shares excludes certain common stock equivalents, including non-qualified stock options, PSUs, RSUs and the ESPP because the effect of including them would be anti-dilutive. The weighted average anti-dilutive shares outstanding for the years ended December 31, 2024, 2023 and 2022, respectively, were as follows:Year Ended December 31,202420232022Restricted stock units715,728 246,481 344,810 Non-qualified stock options696,189 533,402 594,290 Performance stock units235,897 51,851 81,348 Employee stock purchase plan42,900 30,951 — Total weighed average anti-dilutive shares outstanding1,690,714 862,685 1,020,448 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 years ended December 31, 2024, 2023 and 2022, respectively, the Company repurchased 4,087,646 shares, 2,117,352 shares, and 5,101,434 shares of its common stock with an average price of $83.30, $104.68 and $97.89 per share in the open market, respectively. The May 2023 authorization to repurchase common stock was completed in 2024. As of December 31, 2024 the remaining amount authorized under the February 2024 authorization was up to $50,000. The impact on the reduction of weighted average shares for years ended December 31, 2024, 2023 and 2022 was 2,195,177 shares