secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED ENERGY INDUSTRIES INC (AEIS)
CIK:        0000927003
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001558370-24-000810
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Energy Q4 revenue $405M, non-GAAP EPS $1.24; guides Q1 revenue ~$350M
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- Q4 revenue $405.3M (-17% YoY); GAAP EPS $1.01 (incl. $25.6M tax benefit), non-GAAP EPS $1.24 vs $1.70 YoY.
- FY 2023 revenue $1.66B (-10% YoY); record Industrial & Medical sales $474M (+11%); GAAP EPS $3.46, non-GAAP EPS $4.88.
- Record operating cash flow from continuing ops $213M in 2023; cash and equivalents $1.0B at year-end.
- Q1 2024 guidance: revenue $350M ±$15M, GAAP EPS $0.29 ±$0.20, non-GAAP EPS $0.70 ±$0.20.
- CEO notes sluggish near-term but expects demand strengthening through 2024; next-gen platforms and design wins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927003/000155837024000810/0001558370-24-000810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927003/000155837024000810/aeis-20240206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000810

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