Highest-materiality recent filing
Advanced Energy redeems all $136.7M of 2.50% Convertible Senior Notes due 2028 on Sept 23, 2026
Redemption of $136,709,000 of remaining 2.50% Convertible Senior Notes due 2028 on September 23, 2026.
Advanced Energy issues $1.15B 0% convertible notes due 2031; exchanges $438M of 2028 notes
Issued $1.15B aggregate principal of 0% Convertible Senior Notes due May 15, 2031 via private placement.
Advanced Energy prices $1B 0% convertible notes due 2031 at 50% conversion premium
Notes are zero-coupon senior unsecured obligations maturing May 15, 2031; initial conversion price ~$508.78/share.
$1.0B aggregate principal of Convertible Senior Notes due 2031 in private offering; initial purchasers may buy up to $150M additional.
Shareholders approved certificate amendment increasing authorized common stock from 70M to 140M shares.
Advanced Energy Q1 revenue $511M (+26% YoY); non-GAAP EPS $2.09, above guidance midpoint
GAAP EPS $1.59; non-GAAP EPS $2.09, above midpoint of guidance.
Advanced Energy beats Q4 guidance: revenue $489M, non-GAAP EPS $1.94; FY revenue +21% to $1.80B
Q4 revenue $489M at high-end of guidance; GAAP EPS $1.31, non-GAAP EPS $1.94.
Advanced Energy Q3 beats; revenue $463M, non-GAAP EPS $1.74 above high-end guidance
Revenue $463M, above high-end guidance of $450M; GAAP EPS $1.21, non-GAAP EPS $1.74.
Advanced Energy Q2 revenue $441.5M, above guidance; data center nearly doubles YoY
Revenue $441.5M, above high end of $440M guidance; up 9.1% QoQ and 21% YoY.
Advanced Energy enters new $600M revolver due 2030, replaces prior facility
New $600M senior unsecured revolving credit facility matures May 8, 2030; replaces prior $600M facility due September 2026.
Advanced Energy Q1 revenue $404.6M, non-GAAP EPS $1.23; data center revenue doubles
Revenue $404.6M, within guidance; GAAP EPS $0.65, non-GAAP EPS $1.23, both towards high end.
Advanced Energy shareholders reelect all 10 directors and ratify auditor at 2025 annual meeting
All 10 director nominees elected with strong majority; Brian M. Shirley received highest votes (34,903,284).
Advanced Energy Q4 rev $415.4M beats guidance; Q1 EPS guidance $1.03
Q4 revenue $415.4M (above high end of guidance); GAAP EPS $1.29; Non-GAAP EPS $1.30, above mid-point.
Advanced Energy Q3 revenue $374.2M beats midpoint; GAAP loss $0.38 on $28.5M restructuring charge
Non-GAAP EPS of $0.98 beat guidance midpoint; GAAP loss per share $0.38 due to China site closure charge.
Advanced Energy increases revolver to $600M, repays $345M term loan with cash
Revolving facility increased by $400M to $600M total; $250M accordion feature added.
Advanced Energy Q2 revenue $364.9M beat guidance; GAAP EPS $0.41, non-GAAP EPS $0.85
Revenue $364.9M, above guidance midpoint; GAAP EPS $0.41, non-GAAP EPS $0.85, both above midpoints.
Advanced Energy withdraws potential XP Power acquisition; no offer to be made
Advanced Energy confirms it will not make an offer for XP Power (LSE: XPP) as of June 18, 2024.
Advanced Energy offers £19.50/share cash for XP Power, 68% premium; board rejected three proposals
Proposed £19.50/share cash offer values XP Power equity at ~£468M; total consideration £571M including net debt.
Advanced Energy Q1 revenue $327.5M, below guidance; EPS $0.15 GAAP, $0.58 non-GAAP
Revenue $327.5M, down from $425.0M YoY; GAAP EPS $0.15, non-GAAP EPS $0.58, both within guidance.
Advanced Energy approves officer exculpation charter, updated bylaws at annual meeting
Stockholders approved charter amendment to limit personal liability of officers under DGCL; effective April 25, 2024.
Advanced Energy Q4 revenue $405M, non-GAAP EPS $1.24; guides Q1 revenue ~$350M
Q4 revenue $405.3M (-17% YoY); GAAP EPS $1.01 (incl. $25.6M tax benefit), non-GAAP EPS $1.24 vs $1.70 YoY.
Advanced Energy appoints new CAO, amends incentive plan and severance agreements
Appointed Bernard Colpitts as SVP, Chief Accounting Officer effective Nov 8, 2023; he receives $100K cash sign-on and $450K RSU grant.
Advanced Energy Q3 rev $410M, GAAP EPS $0.89; record cash flow $73M; guidance Q4 rev ~$405M
Revenue $410.0M (down 1.3% QoQ, down 21% YoY); GAAP EPS $0.89 (up from $0.73 QoQ, down from $1.99 YoY).
$575M aggregate principal of 2.50% convertible notes due 2028; initial purchasers' option fully exercised for extra $75M.
Advanced Energy prices $500M 2.50% convertible senior notes due 2028; repurchases $40M stock
$500M principal of 2.50% convertible notes due Sept 2028; conversion premium ~30% over $105.74 close.
Advanced Energy announces $500M Convertible Senior Notes offering due 2028
Principal amount $500M, due Sep 15, 2028; initial purchasers have option for additional $75M.
Revenue $415.5M, above mid-point of guidance, down from $440.9M YoY and $425.0M QoQ.
Revenue $425M, up 7% YoY, above mid-point of guidance; Industrial & Medical revenue a quarterly record (+48% YoY).
Advanced Energy stockholders approve 2023 Omnibus Incentive Plan, elect directors at annual meeting
Stockholders elected 10 directors; all nominees received >30M votes for.
Advanced Energy Q4 2022 revenue $491M above guidance; FY2022 record $1.85B
Q4 revenue $491M, above high end of guidance; GAAP EPS $1.20, non-GAAP EPS $1.70.
Advanced Energy Q3 revenue $516M, record high; Non-GAAP EPS $2.12 above guidance
Revenue $516.3M, up 49% YoY; GAAP diluted EPS $1.99 vs $0.55 a year ago.
Brian Shirley appointed to Advanced Energy's Audit and Finance Committee
Mr. Shirley was elected to the Board on June 15, 2022.
Advanced Energy Q2 record revenue $441M, EPS beat; raises buyback to $200M
Q2 revenue $440.9M (record), above guidance; GAAP EPS $1.19, non-GAAP $1.44 above high end.
Advanced Energy appoints former Micron SVP Brian Shirley to board
Brian Shirley elected to board effective June 15, 2022; will stand for re-election at 2023 annual meeting.
Advanced Energy shareholders elect all nominees, ratify auditor, approve say-on-pay
All 10 director nominees elected with strong support; votes ranged from 34.1M to 34.9M for.
Advanced Energy Q1 revenue $397.5M above guidance; Non-GAAP EPS $1.24; closes SL Power acquisition
Revenue of $397.5M, above high end of guidance; record semiconductor market revenue.
Advanced Energy appoints Elizabeth Vonne as EVP, General Counsel; Tom McGimpsey retires
Elizabeth K. Vonne appointed EVP, General Counsel and Corporate Secretary effective April 15, 2022.
Advanced Energy to acquire SL Power for $144.5M; adds medical/industrial power solutions
Base purchase price of $144.5M cash-free, debt-free, subject to working capital adjustment.
Advanced Energy EVP, General Counsel & Corp Sec Tom McGimpsey to depart April 15, 2022
Severance: one-times annual base salary, 12 months medical premiums, 12 months retirement contributions, $15K outplacement.
Advanced Energy Q4 revenue record $397M; Non-GAAP EPS $1.36 beats; Q1 rev guide $360M
Q4 revenue record $397M, up 15% QoQ from $346M and up 7% YoY from $371M.
Advanced Energy appoints David Reed to board of directors, expands board to 11 members
Board increased from 10 to 11 directors; David Reed elected effective Feb 1, 2022.
Advanced Energy Q3 revenue down 11% YoY to $346M; GAAP EPS $0.55, non-GAAP $0.89
Q3 revenue $346.1M, down 11% YoY from $389.5M; GAAP EPS $0.55 vs $1.18 YoY.
Increased term loan by $85M to $400M; increased revolver by $50M to $200M.
Advanced Energy appoints Eduardo Bernal as EVP and COO, effective Sept 13, 2021
Eduardo Bernal, 54, brings 30+ years of semiconductor ops experience, most recently SVP at NXP Semiconductors overseeing 12,000 employees.
Advanced Energy Q2 revenue $361M, up 6% YoY; non-GAAP EPS $1.25; board authorizes $200M buyback
Q2 revenue $361.3M (+6% YoY from $339.9M); GAAP EPS $0.92 vs $0.76 a year ago.
Advanced Energy increases share repurchase authorization to $200M
Board approved $168.1M increase to existing buyback program, total authorization now $200M.
Advanced Energy EVP & Chief Revenue Officer Dana Huth resigns, transition through Sep 13
Dana Huth resigned as EVP & Chief Revenue Officer effective July 7, 2021.
the Board of Directors (the “Board”) of Advanced Energy Industries, Inc. (the “Company”) elected Mr. Brian Shirley to serve as a member of the Board effective immediately.
Advanced Energy Industries, Inc. (the “Company”) and Mr. Thomas McGimpsey (“Mr. McGimpsey”), Executive Vice President, General Counsel & Corporate Secretary, have agreed that Mr. McGimpsey’s employment will be terminated and he will leave the Company on April 15, 2022
On February 1, 2022, the Board of the Company elected Mr. David Reed to serve as a member of the Board effective immediately.
The Board of Directors of Advanced Energy Industries, Inc. (the “Company”) has appointed Eduardo Bernal Acebedo (“Mr. Bernal”) as the Company’s Executive Vice President and Chief Operations Officer effective on September 13, 2021
On July 7, 2021 (the “Effective Date”), Mr. Dana Huth, Executive Vice President & Chief Revenue Officer (“Mr. Huth”) of Advanced Energy Industries, Inc. (the “Company”) resigned his executive officer position as Executive Vice President & Chief Revenue Officer of the Company effective immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings