Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 118

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 118
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783 11.2 98,704 7.7 116,114 8.1 General and administrative124,313 12.7 125,749 9.7 131,253 9.2 Net loss (gain) from divestitures and sale of assets190,201 19.5 — — (31,846)(2.2)Impairment of long-lived assets27,006 2.7 1,237 0.1 79,949 5.6 Restructuring charges (recoveries), net— — (288)— 9,697 0.7 Loss (gain) on foreign exchange5,524 0.6 (1,356)(0.1)4,103 0.3 Total operating expenses546,409 55.9 309,725 24.1 385,913 27.0 Operating (loss) income(208,254)(21.3)231,973 18.0 169,500 11.8 Interest income, net45,467 4.7 41,735 3.2 12,620 0.9 Other income, net899 0.1 1,167 0.1 1,231 0.1 (Loss) income before provision for income taxes(161,888)(16.5)274,875 21.3 183,351 12.8 Provision for income taxes19,638 2.0 55,997 4.3 72,589 5.1 Net (loss) income(181,526)(18.5)218,878 17.0 110,762 7.7 Less: net income attributable to non-controlling interest— — — — 853 0.1 Net (loss) income attributable to IPG Photonics Corporation common stockholders$(181,526)(18.5)%$218,878 17.0 %$109,909 7.6 %Net (loss) income attributable to IPG Photonics Corporation per common share:Basic$(4.09)$4.64 $2.17 Diluted$(4.09)$4.63 $2.16 Weighted average common shares outstanding:Basic44,336 47,154 50,761 D