Advanced Energy Industries Q3 2024 Earnings Report

Advanced Energy Industries EPS Results

• Actual EPS: $0.98
• Consensus EPS: $0.91
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: $1.12

Advanced Energy Industries Revenue Results

• Actual Revenue: $374.20 million
• Expected Revenue: $372.49 million
• Beat/Miss: Beat by +$1.71 million
• YoY Revenue Growth: -8.70%

Advanced Energy Industries Announcement Details

• Quarter: Q3 2024
• Date: 10/30/2024
• Time: After Market Closes

Advanced Energy Industries (NASDAQ:AEIS) provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, the company provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair services. Further, it offers warranty and after-market repair services. It offers its products through a direct sales force, independent sales representatives, channel partners, and distributors. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.