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Advanced Energy Industries Inc. (Nasdaq: AEIS) is a renowned leader in designing and manufacturing precision power conversion, measurement, and control solutions for mission-critical applications. With over four decades of expertise, the company delivers advanced power technologies to industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking, and telecommunications. Headquartered in Denver, Colorado, Advanced Energy operates globally, offering innovative solutions to complex applications.
Founded in 1981, Advanced Energy has built a diversified and robust business model. Their product portfolio includes thin-film power-conversion systems that transform raw electrical power into customizable, predictable power sources, and power control modules that regulate and measure temperature during manufacturing cycles. The company serves major original equipment manufacturers and end customers across semiconductor, flat panel display, solar panel, and other industrial capital equipment markets.
Recent breakthroughs and initiatives:
- The launch of the next-generation NeoPower™ product, which boasts a power density of 18 W/in3 and extensive digital communication options, showcases AE's innovation in configurable industrial and medical power supplies.
- The introduction of the Evergreen™ modular high-power platform with air-cooled Vento™ products significantly enhances high-power, high-efficiency AC-DC power conversion.
- Advanced Energy's aggressive acquisition strategy, including a potential offer to acquire XP Power Limited, aims to expand its product portfolio and market presence.
Financial Highlights:
- Q4 2023 revenue: $405 million, with GAAP EPS of $1.01 and Non-GAAP EPS of $1.24. The Industrial and Medical market noted record growth, contributing $474 million in sales.
- Full year 2023 revenue: $1.66 billion, with GAAP EPS of $3.46 and Non-GAAP EPS of $4.88. The company generated a record $213 million in cash flow from continuing operations.
Partnerships and Collaborations:
- Advanced Energy is known for its close partnerships with semiconductor and industrial customers, driving perpetual innovation and supporting technical expertise across North America, Europe, and Asia.
Commitment to Future Growth:
Advanced Energy continues to invest in research and development, striving to meet technology advances and propelling customer growth. The company's STEM Scholarship Program is a testament to its dedication to nurturing future talent in science, technology, engineering, and mathematics fields.
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.
Advanced Energy has unveiled the Ascent SMS AP, a 10 kW pulsed DC power supply designed for precision control in thin film deposition applications. Featuring a wide safe operating area and innovative arc management technology, this system enhances both throughput and yield, especially in semiconductor and solar PV manufacturing. The supply integrates PowerInsight process optimization software to streamline data analysis and improve performance.
Advanced Energy (NASDAQ: AEIS) has launched the Sekidenko 4100T optical fiber thermometer, enhancing temperature measurement accuracy and multi-channel read rates. This device, which replaces the OR4000T, allows for the simultaneous measurement of up to four temperatures, improving process control in semiconductor and thin-film applications. With a high read rate of 1 kHz per channel and ±1.5°C accuracy, it optimizes performance for high-temperature and rapid processing environments. The 4100T supports multiple communication protocols, simplifying integration for existing customers.
Advanced Energy Industries, Inc. (NASDAQ: AEIS) announced its participation in upcoming virtual investor conferences. Events include the 5th Annual Wells Fargo TMT Summit on November 30, 2021 at 3:20 pm ET, the Raymond James 2021 Technology Investors Conference on December 6, 2021 at 9:40 am ET, and the D. A. Davidson Semicap, Laser, & Optical Conference on December 15, 2021. Interested parties can access webcasts via ir.advancedenergy.com.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) reported Q3 2021 revenue of $346 million, surpassing guidance expectations. GAAP EPS from continuing operations was $0.55, while non-GAAP EPS was $0.89, both above their respective midpoints. This performance occurred amidst supply constraints, with CEO Steve Kelley highlighting strong demand for their power delivery systems and positive customer feedback on new technologies. Cash flow from operations was $18.3 million and the company repurchased $52.6 million in stock. Q4 2021 guidance suggests revenues between $355 million and $375 million.
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