Welcome to our dedicated page for Advanced Energy news (Ticker: AEIS), a resource for investors and traders seeking the latest updates and insights on Advanced Energy 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 (Nasdaq: AEIS) is scheduled to release its first quarter 2023 financial results on May 3, 2023, after market close. A quarterly conference call will follow at 4:30 p.m. Eastern Time on the same day. Interested participants can join the live call by dialing 877-407-0890 or +1-201-389-0918 for international callers. The call will also be accessible via webcast on the company's Investors page. Advanced Energy specializes in precision power conversion and control solutions across various industries, including semiconductor equipment and medical technologies. The company focuses on innovative engineering to support customer growth and technological advances.
Advanced Energy (Nasdaq: AEIS) will participate in three upcoming investor conferences. The Citi Global Industrial Tech and Mobility Conference will be held in Miami Beach on February 21, 2023. The Susquehanna 12th Annual Technology Conference takes place in New York City on March 2, 2023, followed by the Loop Capital Investor Conference in New York City on March 14, 2023. Interested parties should contact the respective firms for participation details. Advanced Energy specializes in precision power conversion and control solutions across diverse industries, including semiconductor equipment and data center computing.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) reported strong financial results for Q4 2022, with revenue of $491 million, exceeding guidance. Q4 GAAP EPS was $1.20, and Non-GAAP EPS was $1.70. For the year, revenue hit a record $1.85 billion, a 27% increase from 2021. GAAP EPS for 2022 was $5.35, while Non-GAAP EPS reached $6.49. Cash flow from continuing operations was $184 million. The company anticipates lower Q1 2023 revenue estimates of $415 million due to a semiconductor market downturn, despite a promising pipeline of new products.
Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share. This dividend is set to be paid on March 3, 2023, to shareholders on record as of February 20, 2023. The company emphasizes that future dividend announcements will require board approval. Advanced Energy is recognized as a global leader in precision power conversion solutions, supporting various industries including semiconductor equipment and medical sciences.
Advanced Energy Industries (Nasdaq: AEIS) has launched the UltraVolt AEQ series, a range of ultra-miniature isolated DC-DC converters designed for high-voltage applications in medical, industrial, and semiconductor sectors. These converters offer up to 600 VDC output power from a +5 VDC input with a stability of 5% at full load. The series features programmable control, high input-to-output isolation of ±1500 VDC, and complies with safety standards for medical devices. The compact size (0.5 in.³) and durability against shock and vibration enhance its appeal for portable applications.
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