Welcome to our dedicated page for Advanced Energy Industries news (Ticker: AEIS), a resource for investors and traders seeking the latest updates and insights on Advanced Energy Industries stock.
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, Inc. (NASDAQ: AEIS) has authorized a quarterly cash dividend of $0.10 per share, scheduled for payment on December 3, 2021, to shareholders on record as of November 22, 2021. This decision reflects the company's commitment to returning value to its shareholders. Future dividends will be subject to board review and approval. Advanced Energy specializes in precision power conversion, measurement, and control solutions for critical applications across various industries, including semiconductor and telecommunications.
Advanced Energy has launched a new 48 V, 30 kW dual-feed Open Rack power shelf designed for hyperscale and enterprise data centers. This product boasts an impressive efficiency of 97% and reduces power consumption while enhancing reliability. It features hot-swappable rectifiers, automatic transfer switch (ATS) capabilities, and compliance with various safety and EMC standards. The product will be showcased at the Open Compute Project Global Summit on November 9-10 in San Jose.
Advanced Energy (Nasdaq: AEIS) is set to announce its third quarter 2021 financial results on November 8, 2021, after market close. The management conference call will follow at 4:30 p.m. Eastern Time. Participants can join the call by dialing (877) 407-0890 or +1 (201) 389-0918 for international calls. Live and archived webcasts will be available on the company's website. Advanced Energy specializes in precision power solutions across various industries, enhancing customer innovation and supporting global technology advancements.
Advanced Energy has announced the launch of the LGA110D, a 110 amp-rated digital point-of-load DC-DC converter. This product boasts a power conversion density that is 30% higher than competitors, making it ideal for industrial, medical, telecom, and IT applications. The LGA110D achieves over 96% efficiency, reducing power dissipation by 15%. It features dual outputs of 55 amps, allowing for flexible configurations that save space and cut system costs. The converter can be controlled via PMBus digital interface or external resistors, enhancing system integration.
Advanced Energy Industries (NASDAQ: AEIS) has appointed Eduardo Bernal as executive vice president and chief operations officer. Bernal brings over 30 years of experience from NXP Semiconductors and Texas Instruments, where he led global operations. CEO Steve Kelley expressed confidence in Bernal's expertise to enhance performance and customer satisfaction, aiming for growth and profitability. Bernal will be based in Singapore, supporting Advanced Energy's mission in power electronics across various industries.
Advanced Energy Industries (NASDAQ: AEIS) announces participation in several virtual investor conferences in September 2021. Key events include the Jefferies Virtual Semiconductor Summit on September 1, the Citi Global Technology Conference on September 13 at 10:30am ET, and the C.L. King Best Ideas Conference on September 14 at 11:45am ET. Webcasts of the presentations will be available on the company’s investors page. Advanced Energy, based in Denver, Colorado, specializes in precision power solutions across various industries.
Advanced Energy Industries reported Q2 2021 financial results, achieving year-over-year revenue growth of $361.3 million, up from $339.9 million in Q2 2020. GAAP net income was $35.5 million or $0.92 per diluted share, compared to $29.3 million or $0.76 per diluted share in the same quarter last year. The company generated $33.8 million in operating cash flow and repurchased $6.5 million of stock. Additionally, the board authorized a new $200 million stock repurchase. Guidance for Q3 2021 predicts revenues of $340 million +/- $15 million.
Advanced Energy Industries (NASDAQ: AEIS) announces participation in four upcoming investor conferences, showcasing its leadership in precision power solutions. The conferences include the 10th Annual Needham Industrial Technologies 1x1 Conference on August 6, KeyBanc’s Virtual Technology Leadership Forum on August 10 at 12:00 PM ET, Seaport Research Partners Annual Summer Investor Conference on August 24, and Rosenblatt Securities Inaugural Tech Conference on August 25. A webcast of the KeyBanc presentation will be accessible on their investor page.
Advanced Energy (Nasdaq: AEIS) has launched its new Intelligent Laboratory Series™ (iLS™) of programmable DC power supplies, expanding its footprint in the test and measurement market. The series includes the iLS600, iLS600-R, and iLS1500 models, known for their compact design and high power density. Key features include programmable capability, best-in-class measurement accuracy, and a patented wireless remote sense feature to minimize noise. These units offer power outputs from 600 to 1500 watts, along with extensive safety certifications.
Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share, payable on September 3, 2021 to shareholders of record by August 23, 2021. The dividend reflects the company's ongoing commitment to returning value to shareholders. Future dividends will be subject to the Board of Directors' review and approval. Advanced Energy is a leader in precision power conversion, measurement, and control solutions, serving diverse industries like telecommunications, healthcare, and data centers.
FAQ
What is the current stock price of Advanced Energy Industries (AEIS)?
What is the market cap of Advanced Energy Industries (AEIS)?
What industries does Advanced Energy Industries Inc. serve?
What is the NeoPower™ product?
What were Advanced Energy's financial results for Q4 2023?
Where is Advanced Energy headquartered?
What are some key products of Advanced Energy?
How does Advanced Energy support future talent?
What is the Evergreen™ platform?
What is the potential acquisition proposal regarding XP Power Limited?
What do Advanced Energy's power solutions enable?
How can I stay updated on Advanced Energy's latest news?
