secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED ENERGY INDUSTRIES INC (AEIS)
CIK:        0000927003
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001558370-24-010373
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Energy Q2 revenue $364.9M beat guidance; GAAP EPS $0.41, non-GAAP EPS $0.85
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- Revenue $364.9M, above guidance midpoint; GAAP EPS $0.41, non-GAAP EPS $0.85, both above midpoints.
- Sequential revenue growth in three of four markets; YoY revenue down 12% from $415.5M in Q2 2023.
- Q3 2024 guidance: revenue $370M ±$20M, non-GAAP EPS $0.90 ±$0.25; GAAP EPS expected loss of ($0.10).
- Manufacturing consolidation plan continues; expects employment-related charges majority in Q3 2024.
- Cash from operations $6.9M; paid $3.8M in quarterly dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927003/000155837024010373/0001558370-24-010373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927003/000155837024010373/aeis-20240730x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010373

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