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

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 10
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/s/    Kolleen Kennedy     Kolleen KennedyDirectorFebruary 19, 2025/s/    Eric Meurice        Eric Meurice  Director February 19, 2025/s/    Natalia Pavlova        Natalia PavlovaDirectorFebruary 19, 2025/s/    John Peeler        John Peeler  Non-Executive Chair of the Board and Director February 19, 2025/s/    Eugene A. Scherbakov        Eugene A. ScherbakovDirectorFebruary 19, 2025/s/    Agnes Tang        Agnes TangDirectorFebruary 19, 2025

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INDEX TO FINANCIAL STATEMENTS

 Report of Independent Registered Public Accounting Firm (PCAOB ID: 34)F-2Consolidated Balance Sheets as of December 31, 2024 and 2023F-4Consolidated Statements of Operations for the Years Ended December 31, 2024, 2023, and 2022F-5Consolidated Statements of Comprehensive (Loss) Income for the Years Ended December 31, 2024, 2023, and 2022F-6Consolidated Statements of Equity for the Years Ended December 31, 2024, 2023, and 2022F-7Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023, and 2022F-8Notes to Consolidated Financial StatementsF-9

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholders and the Board of Directors of IPG Photonics Corporation

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of IPG Photonics Corporation and subsidiaries (the "Company") as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive (loss) income, equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each