Advanced Energy - AEIS STOCK NEWS

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a leader in precision power solutions, will participate in several upcoming investor conferences in August and September 2022. Notable events include the 11th Annual Needham Virtual Industrial Tech Conference on August 8, D.A. Davidson Big Sky Tech Conference on August 23, Jefferies 2022 Semiconductor Summit on August 30, and Citi's Global Technology Conference on September 7. Interested attendees should contact the respective event representatives for participation.

Advanced Energy Industries (Nasdaq: AEIS) has launched the AE Artesyn AIF42 AC/DC converter, a 500 W module designed for industrial, robotics, and 5G telecom applications. This new product achieves a remarkable 93% efficiency, reducing system size and enhancing reliability by minimizing external components. The AIF42 includes integrated inrush current limiting, a 10 V auxiliary output, and features optimized for harsh environments. With a wide input range and PMBus™ communication, it offers significant performance improvements and cost reductions for developers.

Advanced Energy Industries reported record revenues of $441 million for Q2 2022, exceeding guidance. Semiconductor revenue grew 30% year-over-year. GAAP EPS from continuing operations was $1.19, while Non-GAAP EPS was $1.44, also above expectations. The company increased its share repurchase authorization to $200 million, intending to enhance shareholder value. Cash flow from continuing operations reached $37.6 million. Q3 2022 guidance includes revenues of $435 million +/- $25 million and GAAP EPS of $0.92 +/- $0.30.

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.