IPG Photonics Corporation announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 336.630 million compared to USD 306.627 million a year ago. Operating income was USD 65.241 million compared to USD 243,000 a year ago. Net income was USD 49.339 million compared to net loss of USD 4.450 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to basic loss per share from continuing operations of USD 0.08 a year ago. For the full year, sales was USD 1,200.724 million compared to USD 1,314.581 million a year ago. Operating income was USD 198.659 million compared to USD 233.793 million a year ago. Net income was USD 159.572 million compared to USD 180.234 million a year ago. Basic earnings per share from continuing operations was USD 3 compared to USD 3.4 a year ago. Diluted earnings per share from continuing operations was USD 2.97 compared to USD 3.35 a year ago.