Advanced Energy Reports Third Quarter 2024 Results
Advanced Energy Industries, Inc. (AEIS)
Last advanced energy industries, inc. earnings: 2/18 08:00 am
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US:NASDAQ Investor Relations:
ir.advanced-energy.com/node/5806
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Source: Business Wire
Revenue was $374.2 million, above the mid-point of guidanceGAAP loss per share was $0.38, mainly due to closure of China production siteNon-GAAP EPS was $0.98, above the mid-point of guidanceCash flow from continuing operations was $35.4 million DENVER--(BUSINESS WIRE)--Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced financial results for the third quarter ended September 30, 2024.“In the third quarter, we delivered results above the midpoint of guidance due to higher demand in the semiconductor and data center computing markets,” said Steve Kelley, president and CEO of Advanced Energy. “We remain focused on developing new products and technologies, working with customers to secure design wins, and streamlining our factory footprint. We believe that these priorities will drive market share gains and meaningful improvement in gross margin.”Quarter ResultsRevenue was
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AEIS
News
- Advanced Energy Industries, Inc. (NASDAQ: AEIS) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Advanced Energy Industries, Inc. (NASDAQ: AEIS) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $125.00 price target on the stock.MarketBeat
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AEIS
Earnings
- 10/30/24 - Beat
AEIS
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/12/24 - Form 4
- AEIS's page on the SEC website