Advanced Energy Industries Inc - AEIS STOCK NEWS

Advanced Energy (Nasdaq: AEIS) announced the acquisition of TEGAM Inc. for $18 million, enhancing its RF power capabilities in semiconductor and industrial markets. TEGAM, based in Geneva, Ohio, generated approximately $10 million in revenue for the fiscal year ending October 2020. The acquisition is expected to be accretive to earnings on a non-GAAP basis in 2021, allowing Advanced Energy to deliver more comprehensive solutions to its customers. This move strengthens Advanced Energy's leadership in precision power measurement and control.

Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences in June 2021. The Cowen Annual Technology, Media & Telecom Conference is scheduled for June 1, while the Baird's 2021 Global Consumer, Technology & Services Conference takes place on June 10 at 3:10 p.m. Eastern Time. These appearances highlight the company's role as a leader in precision power conversion and measurement solutions, serving multiple industries such as semiconductor equipment, telecommunications, and healthcare.

Advanced Energy Industries (NASDAQ: AEIS) announced its participation in three virtual investor conferences in May 2021. Key events include the Goldman Sachs Industrials & Materials Conference on May 11, the Needham Technology & Media Conference on May 17 at 2:15 p.m. ET, and the J.P. Morgan Global Technology, Media and Communications Conference on May 26 at 3:40 p.m. ET. President and CEO Steve Kelley, along with CFO Paul Oldham, will present at the J.P. Morgan conference. A webcast will be available on the company's investors page.

Advanced Energy Industries, Inc. (Nasdaq: AEIS) reported a strong first quarter of 2021, achieving sales of $351.6 million, a year-over-year increase from $315.5 million in Q1 2020. However, revenue decreased from $371.0 million in Q4 2020. GAAP net income was $38.4 million or $0.99 per diluted share, down from $41.9 million in the previous quarter. The company anticipates Q2 2021 revenues between $360 million and $375 million. The strong demand across all markets is expected to drive continued growth throughout the year.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share, set for payment on June 4, 2021 to shareholders recorded by May 24, 2021. This decision reflects the company's commitment to delivering shareholder value and is subject to future approval by the Board of Directors. Advanced Energy specializes in precision power conversion, measurement, and control solutions across various sectors, including semiconductor equipment and data centers.

Advanced Energy (Nasdaq: AEIS) has introduced the AVD200-48S12, an ultra-small 48 V input DC-DC power converter designed specifically for demanding applications such as 5G communications and power-over-ethernet. This new converter doubles the power delivery in a compact size, providing up to 200 W output in a 1/16th brick format. The converter operates efficiently with over 94.2% efficiency, significantly reducing power-conversion losses and system costs. By optimizing PCB space, it addresses the increasing power needs in telecom and datacom sectors.

Advanced Energy (Nasdaq: AEIS) will announce its first quarter 2021 financial results before market opening on May 5, 2021. The management's conference call is scheduled for 8:30 a.m. Eastern Time the same day. Registration for the call can be completed here. An archived webcast will be accessible on the company's website two hours post-call.

Advanced Energy Industries (Nasdaq: AEIS) has launched the Artesyn AIF06ZPFC series power factor correction (PFC) module, designed for high-efficiency and compact applications. The module, the size of a smartphone, is rated at 2400 watts with a conversion efficiency of 97.3%. It supports diverse applications such as medical devices and drones. Notable features include digital control and internal inrush limiting, simplifying integration. The AIF06ZPFC aims to meet the demands of next-gen digital requirements, enhancing operational efficiency and ease of use.

Advanced Energy (Nasdaq: AEIS) has been inducted into the Environmental Hall of Fame by the Philippine Economic Zone Authority (PEZA) for its exceptional environmental compliance and innovative systems. This marks AE's third win of the PEZA Outstanding Environmental Performers Award, now achieving Hall of Fame status in two categories: Outstanding Employer and Outstanding Environmental Performer. The recognition highlights AE’s commitment to sustainability and community engagement, supported by various initiatives including educational programs and waste reduction strategies.