Advanced Energy Industries Inc - AEIS STOCK NEWS

Advanced Energy Industries (NASDAQ: AEIS) will participate in five virtual investor conferences in March 2021. These include:

• Raymond James Annual Institutional Investors Conference on March 3 at 1:20 p.m. ET
• SIG Annual Technology Conference on March 10
• Loop Capital Consumer, Industrial and TMT Conference on March 11
• Roth Annual Investor Conference on March 16
• Bank of America Global Industrials Conference on March 18

A webcast of the Raymond James presentation will be available on the company's investors page.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) announced the retirement of president & CEO Yuval Wasserman, effective March 1, 2021, to be replaced by Steve Kelley, a semiconductor industry veteran. Kelley brings over 30 years of experience, including leadership roles at Amkor Technology and Texas Instruments. Wasserman will remain as an executive advisor during the transition. Grant Beard, chairman of the board, praised Wasserman's leadership and contributions that led to significant growth and diversification, boosting annual sales to over $1.4 billion.

Advanced Energy Industries (Nasdaq: AEIS) reported robust financial results for Q4 and fiscal year 2020, achieving sales of $371.0 million in Q4, up from $338.3 million a year earlier. The company's net income for the same quarter was $41.9 million, translating to $1.09 per diluted share. For the full year, sales reached $1.42 billion, a significant 79% increase from 2019. Non-GAAP net income was $201.5 million or $5.23 per diluted share. The company aims for revenues between $350 million and $365 million in Q1 2021.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share, set for payment on March 5, 2021, to shareholders recorded as of February 22, 2021. This decision reflects the company's commitment to returning value to shareholders, although future dividends are subject to Board approval. Advanced Energy specializes in precision power conversion and measurement solutions, serving diverse sectors such as semiconductor manufacturing and healthcare.

Advanced Energy (Nasdaq: AEIS) will announce its fourth quarter and full year 2020 financial results before market opening on February 10, 2021. The management will host a conference call at 8:30 a.m. Eastern Time to discuss these results. Registrations for the call can be made via a provided link, with confirmation sent via email. A live and archived webcast will also be available on the company's website approximately two hours after the call. Advanced Energy specializes in precision power conversion, measurement, and control solutions across various industries.

Advanced Energy (Nasdaq: AEIS) has launched the Paramount HP 10013 power generator, enhancing its Paramount RF product line. This new generator, designed for semiconductor and industrial thin film applications, offers 10 kW capabilities and improves plasma density for faster etching and deposition. Its digital architecture ensures precise power management and seamless integration with other RF power generators, catering to the evolving needs of the semiconductor industry. This innovation supports the development of complex devices and new materials, positioning AEIS for growth in diverse applications.

Advanced Energy (Nasdaq: AEIS) has completed the acquisition of Versatile Power, a California-based provider of RF and programmable power supplies for medical and industrial uses. This acquisition enhances AE's footprint in the medical sector through advanced technologies and a skilled team. CEO Yuval Wasserman noted that Versatile Power's expertise aligns with their strategy to grow in medical equipment. The deal is expected to be accretive to earnings within the year, although terms of the acquisition remain undisclosed.

Advanced Energy Industries (NASDAQ: AEIS) announced that President and CEO Yuval Wasserman, along with Executive Vice President and CFO Paul Oldham, will present at the 23rd Annual Needham Growth Conference on January 11, 2021, at 2:45 p.m. EST. A video webcast of their presentation will be accessible on the company's investor relations page. Advanced Energy specializes in precision power conversion and measurement solutions across various industries, including semiconductor, manufacturing, and healthcare, showcasing over three decades of innovation.

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has announced the initiation of a cash dividend program, starting from the first quarter of 2021, with a planned regular quarterly dividend of $0.10 per share. This decision reflects the Board's confidence in the company's strategy and its commitment to enhancing shareholder value. Future dividends will depend on Board approval. AEIS specializes in precision power conversion and control solutions across various industries, positioning itself as a leader in innovation and customer collaboration.