• Despite a strong sequential recovery, revenues are still down from last year as trade uncertainty and currency movements lead to price erosion bite.
• After the quarter, things have taken a turn for the worse again on escalating trade tensions and it’s difficult to see this ending anytime soon.
• However, the underlying health of the company is strong, as are its competitive position and balance sheet.

Source: IPG Photonics: Another Victim Of The Trade War – IPG Photonics Corporation (NASDAQ:IPGP) | Seeking Alpha