Welcome to our dedicated page for Advanced Energy news (Ticker: AEIS), a resource for investors and traders seeking the latest updates and insights on Advanced Energy stock.
Advanced Energy Industries Inc. designs and manufactures precision power conversion, measurement and control solutions for complex equipment and processes. News about AEIS commonly covers quarterly results, revenue trends in semiconductor equipment, data center computing, industrial and medical, and networking and telecommunications markets, product launches such as AC-DC power supplies, and board-authorized cash dividends.
Company updates also include investor conference participation and management commentary on demand, margins, cash flow, share repurchases and customer adoption of power electronics technologies. Its product categories include plasma power products, power supply units, converters, high-voltage solutions, SCR power controllers, and sensing and measurement solutions.
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.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) has declared a quarterly cash dividend of $0.10 per share, set to be paid on June 3, 2022, to shareholders recorded as of May 23, 2022.
This dividend declaration reflects the company's ongoing commitment to returning value to shareholders, though future dividends are subject to board review. Advanced Energy specializes in precision power conversion and control solutions, serving various industries, including semiconductor equipment and telecommunications.
Advanced Energy Industries, Inc. (Nasdaq: AEIS) has unveiled the ALTA platform, a new RF power delivery solution for thin-film industrial applications. This platform combines digitally-controlled power supplies with a digital impedance matching network, offering precise and repeatable control, enhancing process stability, and maximizing yield. Features include frequency tuning and real-time power measurement, making it suitable for sectors like solar panel and automotive glass manufacturing. The ALTA power supply ranges from 1.5 kW to 6 kW, ensuring robust delivery and seamless integration with advanced communication interfaces.
Steel Partners Holdings L.P. (NYSE: SPLP) has successfully completed the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (NASDAQ: AEIS). The transaction value is approximately $144.5 million, subject to customary purchase price adjustments. SL Power Electronics specializes in power conversion solutions for sectors including medical, lighting, and industrial.
White & Case LLP acted as legal counsel for this transaction, signaling a strategic realignment for Steel Partners as it focuses on its core business interests.
Advanced Energy Industries, Inc. (AEIS) has completed its acquisition of SL Power Electronics Corporation from Steel Partners Holdings L.P. (SPLP). This acquisition expands AE's addressable market by over $400 million and enhances its product offerings in the industrial and medical sectors. The deal is projected to be accretive to 2022 earnings on a non-GAAP basis and aims to generate over $4 million in annual cost synergies. Management plans to provide further details during the first quarter financial results announcement on May 4, 2022.
Advanced Energy (Nasdaq: AEIS) will announce its first quarter 2022 financial results after market close on May 4, 2022. A conference call with management is scheduled for the same day at 4:30 p.m. Eastern Time. Participants can join by dialing (877) 428-7458 or +1 (862) 298-0702 for international calls. The event will also be available as a live and archived webcast on the company’s Investors page. Advanced Energy is a leader in precision power conversion solutions for various industries, headquartered in Denver, Colorado.
Advanced Energy (Nasdaq: AEIS) has appointed Elizabeth K. Vonne as the new executive vice president, general counsel, and corporate secretary, effective April 15, 2022. Vonne brings over 20 years of legal experience, having previously worked at Mesa Laboratories, where she served as vice president, legal, general counsel, and secretary. She replaces Tom McGimpsey, who is retiring after more than 13 years with the company. This leadership change aims to strengthen the organization as it advances its growth plans and technology investments.
Steel Partners Holdings L.P. (NYSE: SPLP) has announced the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (NASDAQ: AEIS) for approximately $144.5 million. This transaction is expected to close in Q2 2022, pending customary conditions. The sale aims to strengthen Steel Partners' balance sheet and enhance its leverage metrics, supporting long-term growth strategies. Executive Chairman Warren Lichtenstein emphasized the strategic fit of Advanced Energy as a buyer, expressing gratitude for SL Power's employees and management.
Advanced Energy has announced the acquisition of SL Power Electronics Corporation from Steel Partners Holdings for $144.5 million. This acquisition enhances Advanced Energy's offerings in medical and advanced industrial applications, expected to increase its addressable market by over $400 million. SL Power, generating $66.0 million in revenue in 2021, will provide synergies and cross-selling opportunities, alongside a boost in Advanced Energy's earnings. The transaction is anticipated to close in Q2 2022.