Advanced Energy - AEIS STOCK NEWS

Advanced Energy has announced the acquisition of SL Power Electronics Corporation from Steel Partners Holdings for $144.5 million. This acquisition enhances Advanced Energy's offerings in medical and advanced industrial applications, expected to increase its addressable market by over $400 million. SL Power, generating $66.0 million in revenue in 2021, will provide synergies and cross-selling opportunities, alongside a boost in Advanced Energy's earnings. The transaction is anticipated to close in Q2 2022.

Advanced Energy (NASDAQ: AEIS) has launched the LCM4000HV series of configurable power supplies, designed for LED lighting solutions in horticulture and commercial spaces. Rated for up to 4000 W with 95% efficiency, these power modules offer hot swap functionality, simplifying maintenance and scalability. The combination with the new LCM12K 19” rack mount shelf allows for centralized DC power distribution, promising to cut conversion costs by up to 50%. The modules also support flicker-free current output and are compliant with DLC standards.

Advanced Energy Industries (NASDAQ: AEIS) announced its participation in several upcoming investor conferences. These include the Citi Global Industrial Tech and Mobility Conference on February 22, 2022, the Berenberg Industrial Technologies Conference on March 3, 2022, and the Susquehanna 11th Annual Technology Conference on March 4, 2022. The company specializes in precision power conversion, measurement, and control solutions, serving diverse industries like semiconductors and healthcare. For more information, visit www.advancedenergy.com.

Advanced Energy Industries (AEIS) reported a record Q4 revenue of $397 million, exceeding guidance. The company's Q4 GAAP EPS was $1.05 and non-GAAP EPS reached $1.36. For the full year 2021, revenue hit $1.46 billion, a 3% increase from 2020. GAAP net income for 2021 was $134.7 million, consistent with 2020, while non-GAAP net income dropped to $183.2 million from $201.5 million. Despite supply constraints, demand remains robust with a strong pipeline for future growth.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has authorized a quarterly cash dividend of $0.10 per share, scheduled for March 4, 2022. Shareholders of record as of February 21, 2022 will receive this dividend. The board will review and approve any future dividend declarations, alongside their respective record and payment dates. Advanced Energy specializes in precision power conversion and control solutions, serving various industries including semiconductor and healthcare, with a longstanding commitment to innovation in power solutions.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has announced the appointment of David Reed to its board of directors. Reed brings extensive experience in global technology and semiconductor manufacturing, previously serving as executive vice president at NXP Semiconductors. The company's chairman, Grant Beard, and CEO, Steve Kelley, expressed confidence in Reed's ability to contribute as AEIS focuses on developing new precision power products and scaling manufacturing operations.

Advanced Energy (Nasdaq: AEIS) is set to announce its fourth quarter and full year 2021 financial results on February 9, 2022, after market closure. The conference call will commence at 4:30 p.m. Eastern Time the same day. Interested participants can join by dialing (877) 407-0890 or +1 (201) 389-0918 for international calls. An archived webcast of the call will be available on the company's Investors page shortly after the live event.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) announced that Steve Kelley, President and CEO, along with Paul Oldham, Executive Vice President and CFO, will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 10:45 a.m. EST. A video webcast of the presentation will be accessible on the company’s investor page.

Advanced Energy is a leader in precision power conversion and control solutions, serving industries like semiconductor equipment and telecommunications. Headquartered in Denver, Colorado, the company has over four decades of experience.

Advanced Energy (NASDAQ: AEIS) has announced the launch of the GEMINI™ 5540A RF power meter, an integrated solution for precise RF power measurement in semiconductor and medical applications. This device measures frequencies from 0.2 to 200 MHz and powers up to 5,000 W with ±0.5% accuracy. The GEMINI 5540A features a user-friendly OLED display and simplifies RF power monitoring, requiring calibration every 12 months. It will be showcased at SEMICON West 2021.