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, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share. This dividend is scheduled to be paid on September 2, 2022, to shareholders on record as of August 22, 2022. Future dividends will require board approval and may vary.
Advanced Energy is a leading provider of precision power conversion and measurement solutions, serving various industries including semiconductor, telecommunications, and healthcare, while fostering innovation and growth for over 40 years.
Advanced Energy Industries, Inc. (NASDAQ: AEIS) has launched the SLB300 power supply, a 300 W model designed for critical medical and industrial applications. This single-output power supply offers stable power even during fluctuations, ensuring long operational life with high-quality components. With dual certification to the latest medical and industrial standards, it supports a wide input voltage range and operates at temperatures from -10°C to +70°C. The certification simplifies integration into various applications, benefiting customers looking for reliable power solutions.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) has introduced GROWINSIGHT™, an innovative horticultural monitoring and control system aimed at optimizing conditions in Controlled Environment Agriculture (CEA). This advanced system integrates cloud computing, reducing hardware needs and operational costs by managing multiple lighting zones through a single controller. GROWINSIGHT enhances energy efficiency and production yields while providing real-time monitoring capabilities. The solution is designed to ensure growers can respond promptly to environmental feedback, thus maximizing productivity.
Advanced Energy Industries (NASDAQ: AEIS) has launched a new sensing platform, the Luxtron M-1000, which features innovative RubiLux™ and VioLux™ phosphor formulations. This advancement allows for precise temperature measurements over a broad range from -200 to 450°C, with accuracy of ± 0.2°C and stability above 0.05°C. Targeting advanced semiconductor processes, this product enhances measurement for High Aspect Ratio (HAR) etching, crucial for manufacturing cutting-edge semiconductor devices. The Luxtron M-1000 will be showcased at SEMICON West 2022 in San Francisco.
Advanced Energy (Nasdaq: AEIS) will announce its second quarter 2022 financial results on August 3, 2022, after market closure. There will be a live conference call at 4:30 p.m. Eastern Time on the same day. Participants can join by dialing 877-407-0890 for domestic calls or +1-201-389-0918 for international attendees. A live webcast will also be available on the company's Investors page, with an archive accessible two hours post-event.
Advanced Energy specializes in power conversion, measurement, and control solutions across various industries.
Advanced Energy Industries, Inc. (NASDAQ: AEIS) appointed Brian Shirley to its board of directors. With decades of experience in semiconductor technologies, including leadership roles at Micron Technology, Shirley is expected to enhance the board’s expertise. He has 82 U.S. patents and has advised the U.S. government on semiconductor issues post-retirement. The appointment is seen as a strategic move to leverage his insights into innovation and growth in precision power solutions.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) announced its participation in multiple upcoming investor conferences. Notable events include:
- J.P. Morgan 50th Annual Global Technology, Media and Communication Conference on May 25, 2022, at 1:10 pm ET.
- Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022.
- KeyBanc Industrials & Basic Materials Conference on June 2, 2022, at 12:05 pm ET.
- R.W. Baird 2022 Global Consumer, Technology & Service Conference on June 8, 2022, at 2:00 pm ET.
A live webcast of the J.P. Morgan presentation will be available on its investor web page.
Advanced Energy Industries (NASDAQ: AEIS) has launched a new high-density AC-DC power shelf compliant with the Open Compute Project (OCP) Open Rack version 3 (ORv3) standard. This innovative product boasts efficiencies exceeding 97% and supports the transition to a 48 V rack power architecture, enhancing data center reliability and minimizing power consumption. Key features include 15 kW N+1 redundancy, compatibility with various power configurations, and advanced monitoring capabilities via Ethernet and Modbus/PMBus.
Advanced Energy will host a conference call on May 4, 2022, at 4:30 p.m. Eastern Time to discuss its first quarter financial results. Participants can join by dialing 888-428-7458 in the U.S. or 862-298-0702 internationally. An archived webcast will be accessible approximately two hours post-event on the company's investor relations webpage.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) reported first-quarter 2022 revenue of $397.5 million, exceeding guidance and showing an increase from $351.6 million year-over-year. GAAP EPS was $0.98, while non-GAAP EPS was $1.24, both above guidance. The company generated $9.9 million in cash flow and repurchased $6.6 million in common stock. Additionally, Advanced Energy completed the acquisition of SL Power Electronics for $144.5 million, enhancing its position in medical and industrial sectors. Q2 2022 guidance includes revenue between $395 million and $425 million.
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