Advanced Energy Industries (AEIS) Approves $50M Increase in Buyback

Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader in innovative power and control technologies, announced that its Board of Directors has approved a $50 million increase to its authorization to repurchase shares of the Company’s common stock. When combined with the remaining prior authorization of $41.5 million, the Company has $91.5 million in total share repurchase authorization. Year to date, the company has repurchased shares of approximately $28.5 million and $108.5 million since the beginning of the program.

“Today’s announcement is in-line with our strategy to effectively deploy our cash and return value to shareholders,” said Yuval Wasserman, president & CEO of Advanced Energy. “Our differentiated business model continues to drive profitability and cash flow generation, allowing us the flexibility to pursue organic and inorganic initiatives and enhance capital returns.”

Purchases under the program may be made from time-to-time in the public or private markets, through block trades, Rule 10b5-1 trading plans or other available means and may include the use of derivative contracts and structured and accelerated share repurchase agreements. There is no minimum number of shares to be repurchased under the program, and it may be suspended or discontinued at any time.

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