Advanced Energy Q4 2022 revenue $491M above guidance; FY2022 record $1.85B

ADVANCED ENERGY INDUSTRIES INC

2022-FY EPS reported $5.29 revenue$1,845,422,000

Q4 revenue $491M, above high end of guidance; GAAP EPS $1.20, non-GAAP EPS $1.70.
FY2022 revenue record $1.85B (+27% YoY); GAAP EPS $5.35, non-GAAP EPS $6.49 (record).
Q1 2023 guidance: revenue $415M ± $20M, GAAP EPS $0.76 ± $0.25, non-GAAP EPS $1.10 ± $0.25.
FY2022 cash from ops $184M; year-end cash & securities $460.9M.
Management sees near-term semicon equipment downturn but strong design-in pipeline.

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 fourth quarter ended December 31, 2022 results: revenue $490.7 million, net income $45.3 million, EPS $1.20.

Period: fourth quarter ended December 31, 2022
Revenue: $490.7 million
Net income: $45.3 million
EPS: $1.20
Result: reported results

Exact text from the filing

Sales were $490.7 million in the fourth quarter of 2022, compared with $516.3 million in the third quarter of 2022 and $396.9 million in the fourth quarter of 2021. GAAP net income from continuing operations was $45.3 million or $1.20 per diluted share in the quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVANCED ENERGY INDUSTRIES INC reported year ended December 31, 2022 results: revenue $1.85 billion, net income $201.9 million, EPS $5.35.

Period: year ended December 31, 2022
Revenue: $1.85 billion
Net income: $201.9 million
EPS: $5.35
Result: reported results

Exact text from the filing

2022 revenue was a record $1.85 billion, a 27% increase from $1.46 billion in 2021. GAAP net income from continuing operations was a record $201.9 million or $5.35 per diluted share in 2022

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Source: SEC EDGAR

accession 0001558370-23-001022

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