Advanced Energy Q3 revenue $516M, record high; Non-GAAP EPS $2.12 above guidance

ADVANCED ENERGY INDUSTRIES INC

2022-Q3 EPS reported $4.13 revenue$1,354,682,000

Revenue $516.3M, up 49% YoY; GAAP diluted EPS $1.99 vs $0.55 a year ago.
Non-GAAP diluted EPS $2.12, above high end of guidance; cash flow from ops $65.4M.
Each end market grew >40% YoY; CEO cites strong demand and improved supply.
Q4 guidance: revenue $450-490M, non-GAAP EPS $1.30-1.80.
Repurchased $2.4M stock and paid $3.8M dividend in Q3.

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 third quarter ended September 30, 2022 results: revenue Sales were $516.3 million, net income GAAP net income from continuing operations was $74.9 million, Non-GAAP net income was $79.6 million, EPS GAAP EPS from continuing operations was $1.99, Non-GAAP EPS was $2.12.

Period: third quarter ended September 30, 2022
Revenue: Sales were $516.3 million
Net income: GAAP net income from continuing operations was $74.9 million, Non-GAAP net income was $79.6 million
EPS: GAAP EPS from continuing operations was $1.99, Non-GAAP EPS was $2.12
Result: reported results

Exact text from the filing

Sales were $516.3 million in the third quarter of 2022, compared with $440.9 million in the second quarter of 2022 and $346.1 million in the third quarter of 2021. GAAP net income from continuing operations was $74.9 million or $1.99 per diluted share in the quarter, compared with $44.8 million or $1.19 per diluted share in the prior quarter, and $21.0 million or $0.55 per diluted share a year ago. Non-GAAP net income was $79.6 million or $2.12 per diluted share in the third quarter of 2022.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

ADVANCED ENERGY INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001558370-22-015786

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.