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Stock impact report

Advanced Energy Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Advanced Energy Industries, Inc. (AEIS) 
Last advanced energy industries, inc. earnings: 2/18 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.advanced-energy.com/node/5806
Company Research Source: Yahoo! Finance
2023 revenue was $1.66 billion, with sales in the Industrial and Medical market growing 11% to a record $474 million 2023 GAAP EPS from continuing operations was $3.46; 2023 Non-GAAP EPS was $4.88 2023 cash flow from continuing operations was a record $213 million DENVER, February 06, 2024 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 fourth quarter and year ended December 31, 2023. "Fourth quarter earnings were above the mid-point of guidance, and we delivered record operating cash flow. Our full year results included record Industrial and Medical revenue, partially offsetting corrections in the semiconductor market," said Steve Kelley, president and CEO of Advanced Energy. "While we see a sluggish market environment in the near-term, we expect demand to strengthen as the year progresses. With strong customer inte Show less Read more
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