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 (Nasdaq: AEIS) launched the Excelsys CoolX3000, a modular 3000 W power supply for medical and industrial applications. This platform offers high power density, flexibility, and integrates with digital communication systems, aligning with Industry 4.0 standards. Key features include up to 24 configurable outputs, individual output control, and compliance with stringent safety standards for medical devices. The CoolX3000 enhances AE’s existing CoolX product line, aiming to support OEMs with advanced power solutions and future-proof their systems.
Advanced Energy (Nasdaq: AEIS) has launched a new lighting and power control system designed for indoor and greenhouse farming. This innovative system utilizes LED technology to cut power conversion costs by up to 50%, lower installation and operating costs, and enhance crop yield quality. The system features patented technologies like the iTS™ and iHPS™ power supplies, enabling significant savings in installation costs and eliminating energy waste. Joe Voyles, VP of Industrial Marketing, emphasizes that these advancements can transform farming operations globally, even in harsh environments.
Advanced Energy (Nasdaq: AEIS) has launched the MAXstream™ remote plasma source (RPS) product line, designed for plasma cleaning in semiconductor manufacturing. The MAXstream line offers enhanced power accuracy, reliable ignition, and improved operational efficiency, addressing a $150 million annual RPS market that has seen little innovation. With compatibility for existing systems, MAXstream aims to boost productivity and minimize downtime for customers. The product line includes models with gas flow rates from 3 to 12 liters per minute, meeting diverse customer needs and reinforcing AE's position in semiconductor technology.
Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences: the D.A. Davidson Semicap, Laser & Optical Conference on December 15, 2020, and the 12th Annual Virtual CEO Summit on December 16, 2020. The CEO Summit's sessions will take place from 9:45 a.m. to 2:10 p.m. EST. Interested participants can contact D.A. Davidson for the first conference or RSVP for the CEO Summit through co-chairs Laura Guerrant-Oiye or Claire McAdams. Advanced Energy specializes in precision power conversion and measurement solutions across various industries.
Advanced Energy Industries (NASDAQ: AEIS) announces a Virtual Investor Briefing on December 14 at 4:30 p.m. ET. CEO Yuval Wasserman and senior management will discuss strategic growth initiatives, the Data Center Computing and Industrial & Medical markets, and updates on long-term financial goals. Investors and the public can access the live webcast on the company's investor relations website.
With over 30 years in power solutions, AEIS serves diverse industries, including semiconductor, healthcare, and telecommunications, emphasizing innovation in precision power conversion.
Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences. The Wells Fargo Securities Virtual TMT Summit is scheduled for December 1, 2020, with a presentation at 11:20 a.m. ET. The Raymond James 2020 Technology Investors Conference will follow on December 9, 2020. Investors can access the Wells Fargo webcast on Advanced Energy's website. The company specializes in precision power conversion and control solutions across various industries, including semiconductor equipment and healthcare.
Advanced Energy Industries (Nasdaq: AEIS) has launched the Thyro-A+, a new SCR power controller designed for precision industrial and semiconductor heating applications. This innovative controller features a 16x increase in measurement sampling rate compared to its predecessor, enhancing control accuracy and process uniformity. With the smallest design footprint in its class, Thyro-A+ offers advanced digital capabilities for integration within Industry 4.0 environments. It supports a variety of fieldbus protocols, allowing for efficient installation and reduced costs, and is certified in the Rockwell Encompass Partner program.
Advanced Energy Industries (NASDAQ: AEIS) will participate in two virtual investor conferences: the Baird Global Industrial Conference on November 11, 2020, at 4:55 p.m. ET and the Berenberg US CEO Conference on November 12, 2020. The company specializes in precision power conversion, measurement, and control solutions for various industries including semiconductor equipment and healthcare. Interested participants can contact Robert W. Baird & Co. or Berenberg Capital Markets LLC for more details.
Advanced Energy Industries (AEIS) reported record financial results for Q3 2020, achieving sales of $389.5 million, up from $339.9 million in Q2 2020 and $175.1 million in Q3 2019. Net income was $45.6 million or $1.18 per diluted share, compared to $29.3 million or $0.76 in the previous quarter. Non-GAAP net income was $63.8 million or $1.66 per diluted share. The company also generated $67.5 million in operating cash flow. Guidance for Q4 2020 predicts revenues of $360 million +/- $20 million.
Advanced Energy Industries (NASDAQ: AEIS) announced that President and COO Neil Brinker will leave the company for family reasons, effective immediately, but will assist in the transition until the end of November. CEO Yuval Wasserman will take over Brinker’s presidential duties. The resignation is not related to company performance or any disputes. Advanced Energy is scheduled to report its Q3 results on November 5, 2020, and emphasizes its commitment to precision power solutions across various critical industries.
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