Advanced Energy Q1 revenue $327.5M, below guidance; EPS $0.15 GAAP, $0.58 non-GAAP

ADVANCED ENERGY INDUSTRIES INC

2024-Q1 EPS reported $0.14 revenue$327,475,000

Revenue $327.5M, down from $425.0M YoY; GAAP EPS $0.15, non-GAAP EPS $0.58, both within guidance.
Cash flow from ops $8.0M; paid $3.8M in dividends during Q1 2024.
Q2 2024 guidance: revenue $350M ±$20M, GAAP EPS $0.25 ±$0.25, non-GAAP EPS $0.73 ±$0.25.
CEO says Q1 was a trough; expects improving revenue and profitability from new products and cost controls.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVANCED ENERGY INDUSTRIES INC reported the first quarter ended March 31, 2024 results: revenue $327.5 million, net income $5.8 million, EPS $0.15 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $327.5 million
Net income: $5.8 million
EPS: $0.15 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Exhibit 99.1 Financial News Release Advanced Energy Reports First Quarter 2024 Results ● Revenue was $327.5 million, below guidance ● GAAP EPS from continuing operations was $0.15, within the guidance range ● Non-GAAP EPS was $0.58, within the guidance range DENVER, Colo., May 1, 2024 -

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Source: SEC EDGAR

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