Advanced Energy Q1 revenue $397.5M above guidance; Non-GAAP EPS $1.24; closes SL Power acquisition

ADVANCED ENERGY INDUSTRIES INC

2022-Q1 EPS reported $0.97 revenue$397,459,000

Revenue of $397.5M, above high end of guidance; record semiconductor market revenue.
GAAP EPS $0.98; Non-GAAP EPS $1.24, both above high end of guidance range.
Closed acquisition of SL Power Electronics on April 25 for base purchase price of $144.5M.
Q2 2022 guidance: revenue $395M +/- $25M; Non-GAAP EPS $1.05 +/- $0.30.
Generated $9.9M cash from operations; repurchased $6.6M stock; paid $3.8M dividend.

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