Advanced Energy Industries Inc - AEIS STOCK NEWS

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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.