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IPG Photonics' (IPGP) CEO Eugene Scherbakov on Q1 2021 Results - Earnings Call Transcript

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IPG Photonics Corporation (NASDAQ:IPGP) Q1 2021 Earnings Conference Call May 4, 2021 10:00 AM ET

Company Participants

Eugene Fedotoff – Director-Investor Relations

Valentin Gapontsev – Executive Chairman

Eugene Scherbakov – Chief Executive Officer

Tim Mammen – Senior Vice President and Chief Financial Officer

Conference Call Participants

John Marchetti – Stifel

Jim Ricchiuti – Needham & Company

Nik Todorov – Longbow Research

Mark Miller – The Benchmark Company

Tom Diffely – D.A. Davidson

Michael Feniger – Bank of America

Paretosh Misra – Berenberg


Good morning, and welcome to IPG Photonics’ First Quarter 2021 Conference Call. Today’s call is being recorded and webcast. At this time, I’d like to turn the call over to your host, Eugene Fedotoff, IPG’s Director of Investor Relations, for introductions. Please go ahead, sir.

Eugene Fedotoff

Thank you, Rob, and good morning, everyone. With us today is IPG Photonics’ Executive Chairman, Dr. Valentin Gapontsev; Chief Executive Officer, Dr. Eugene Scherbakov; and Senior Vice President and CFO, Tim Mammen.

Statements made during the course of this call that discuss management’s or the company’s intentions, expectations or predictions of the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those projected in such forward-looking statements. These risks and uncertainties include the impact of the COVID-19 pandemic on our business and those detailed in IPG Photonics’ Form 10-K for the period ended December 31, 2020, and other reports on file with the Securities and Exchange Commission. Copies of these filings may be obtained by visiting the Investors section of IPG’s website or by contacting the company directly. You may also find copies on the SEC’s website.

Any forward-looking statements made on this call are the company’s expectations or predictions as of today, May 4, 2021, only. The company

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