IPG Photonics Corporation (IPGP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to IPG Photonics' second quarter 2025 conference call. Today's call is being recorded and webcast. At this time, I'd like to turn the call over to Eugene Fedidov, IPG Senior Director, Investor Relations, for today's introductions. Please go ahead with your conference. Thank you and good morning, everyone. Good morning. With me today is IPG Photonics' CEO, Dr. Mark Giedin, and Senior Vice President and CFO, Tim Mahmood. On today's call, Mark will provide a summary with a quick look at our second quarter results and the overall demand environment. Then walk you through the progress we are making on our long-term strategy. After that, he will turn it over to Tim to provide financial details, and then he'll Let me remind you that statements made during this call that discuss our expectations or predictions of the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties and can cause the company's actual results to differ materially from those projected in such forward-looking statements. These risks and uncertainties are detailed in our Form 10-K for the period ended December 31, 2024, and our reports on file with the Securities and Exchange Commission. Any forward-looking statements made on this call are the company's expectations or predictions as of today, August 5, 2025 only, and the company assumes no obligations to publicly update any, or publicly provide any updates or revisions to any such statements. During this call, we will be referencing certain non-GAAP measures. For more information on how we define these non-GAAP measures and the reconciliation of such measures to the most directly comparable GAAP measures, as well as additional details On our reported results, please refer to t...