Advanced Energy Q2 revenue $361M, up 6% YoY; non-GAAP EPS $1.25; board authorizes $200M buyback

ADVANCED ENERGY INDUSTRIES INC

2021-Q2 EPS reported $1.92 revenue$712,931,000

Q2 revenue $361.3M (+6% YoY from $339.9M); GAAP EPS $0.92 vs $0.76 a year ago.
Non-GAAP EPS $1.25 (above $1.18 YoY); operating cash flow $33.8M.
Q3 guidance: revenue $340M ±$15M, non-GAAP EPS $0.80 ±$0.20.
Board increased share repurchase authorization to $200 million.
Acquired Tegam, Inc. for $15.1M in Q2; paid $3.9M quarterly dividend.

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