分组1 - Advanced Energy Industries (AEIS) reported quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.71 per share, and down from $1.24 per share a year ago, representing an earnings surprise of -18.31% [1] - The company posted revenues of $327.48 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 8.35%, and down from $425.04 million year-over-year [1] - Over the last four quarters, Advanced Energy has surpassed consensus EPS estimates three times but has topped consensus revenue estimates only once [1] 分组2 - Advanced Energy shares have declined approximately 12% since the beginning of the year, contrasting with the S&P 500's gain of 5.6% [2] - The current consensus EPS estimate for the upcoming quarter is $0.80 on revenues of $381.23 million, and for the current fiscal year, it is $3.58 on revenues of $1.57 billion [4] - The Semiconductor Equipment - Wafer Fabrication industry, to which Advanced Energy belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]

Q1 2024 Earnings Presentation MAY 1, 2024 1 SAFE HARBOR The company’s guidance and other statements herein or made on the earnings conference call contain, in addition to historical information, forward-looking statements within the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-26966 ADVANCED ENERGY INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 84-0846841 (State ...

Financial Performance - Revenue for Q1 2024 was $327.5 million, a decrease from $405.3 million in Q4 2023 and $425.0 million in Q1 2023[3] - GAAP EPS from continuing operations was $0.15, compared to $1.01 in the prior quarter and $0.84 a year ago[3] - Non-GAAP EPS was $0.58, down from $1.24 in both Q4 2023 and Q1 2023[3] - Gross profit margin for Q1 2024 was 34.5%, compared to 36.5% in Q4 2023 and 35.3% in Q1 2023[16] - Net income from continuing operations for Q1 2024 was $5,787,000, down from $31,752,000 in Q1 2023, representing an 81.8% decline[21] - Non-GAAP gross profit for Q1 2024 was $115,010,000, compared to $156,504,000 in Q1 2023, reflecting a decline of 26.5%[27] - Non-GAAP operating income for Q1 2024 was $21,492,000, down from $56,832,000 in Q1 2023, a decrease of 62.2%[27] - Operating expenses for Q1 2024 were $112,152,000, slightly lower than $115,073,000 in Q1 2023[27] - The company reported a net cash from operating activities of $7,283,000 in Q1 2024, down from $29,811,000 in Q1 2023[21] Cash Flow and Liabilities - The company generated $8.0 million in cash flow from continuing operations during the quarter[3] - Cash and cash equivalents at the end of Q1 2024 were $1,017,780,000, a decrease from $1,044,556,000 at the end of Q4 2023[21] - Total current liabilities decreased to $297,992,000 in Q1 2024 from $335,848,000 in Q4 2023, a reduction of 11.2%[21] - Long-term debt stood at $891,495,000 in Q1 2024, a slight decrease from $895,679,000 in Q4 2023[21] - The company experienced a foreign currency translation effect of $(1,201,000) on cash during Q1 2024[21] Future Guidance - Second quarter 2024 revenue guidance is set at $350 million +/- $20 million[6] - GAAP EPS guidance for Q2 2024 is $0.25 +/- $0.25, while Non-GAAP EPS guidance is $0.73 +/- $0.25[6] - Q2 2024 revenue guidance set between $330 million (low) and $370 million (high)[30] - Non-GAAP earnings per share guidance for Q2 2024 projected between $0.48 and $0.98[30] Management Outlook - Management anticipates improving demand and profitability for the remainder of 2024, indicating Q1 was a trough for the year[2] - The company is focused on expanding gross margins and controlling spending to enhance profitability[2] - Advanced Energy aims to gain market share through broad customer acceptance of new products and technologies[2] Earnings Impact Factors - Stock-based compensation impact on earnings per share estimated at $0.29 for Q2 2024[30] - Amortization of intangible assets expected to impact earnings per share by $0.19 for Q2 2024[30] - Restructuring, asset impairments, and other charges anticipated to affect earnings per share by $0.10 for Q2 2024[30] - Tax effects of excluded items projected to reduce earnings per share by $(0.10) for Q2 2024[30]

The global semiconductor industry is undergoing a remarkable transformation in 2024, fueled by advancements in AI chipsets, data center GPUs, chiplets and next-generation memories. This evolution is unlocking unprecedented possibilities across various sectors, from automotive and high-performance computing (HPC) to consumer electronics and healthcare.Sales data from the Semiconductor Industry Association reflects this trend, with semiconductor sales showing strong year-over-year growth of 16.3% and 15.2%, r ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Advanced Energy Industries, Inc. (AEIS) is a power electronics company. The Zacks Consensus Estimate for its current year earnings has been revised 8.2% downward over the last 60 days.American Resources Corporation (AREC) is a metallurgical coal mining company. The Zacks Consensus Estimate for its current year earnings has been revised 50% downward over the last 60 days.Anhui Conch Cement Company Limited (AHCHY) is a cement production ...

Learn why power semiconductors are crucial in today's fastest-growing tech sectors -- and take advantage of this oft-overlooked niche with three incredible power chip stocks.Power controllers may not sound as thrilling as artificial intelligence (AI) services or number-crunching microchips, but the tech world would stop without them. As such, investors should pay close attention to power semiconductor specialists.You're about to enjoy three great power management investments in April 2024, presented by thre ...

Paper Boat Creative/DigitalVision via Getty Images Writing about Advanced Energy Industries (NASDAQ:AEIS) in late September, I was concerned about the near-term outlook for semiconductor manufacturing equipment demand as well as key industrial end-markets like manufacturing and automation. Those concerns have definitely played out, as AEIS saw meaningfully weaker demand in the fourth quarter of 2023 and guided substantially below expectations for the first quarter of this year. Unfortunately, this is no ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Advanced Energy Industries, Inc. (AEIS) is an electrical engineering solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 25.1% downward over the last 60 days.Anhui Conch Cement Company Limited (AHCHY) is a cement manufacturing company. The Zacks Consensus Estimate for its current year earnings has been revised 8.1% downward over the last 60 days.Capital City Bank Group, Inc. (CCBG) is a fina ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-26966 ADVANCED ENERGY INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 84-0846841 (State or o ...