Advanced Energy Industries (AEIS) Tops Q1 EPS by 26c, Revenues Beat; Provides 2Q EPS/Revenues Mid-Point Guidance Above Consensus

Advanced Energy Industries (NASDAQ: AEIS) reported Q1 EPS of $0.91, $0.26 better than the analyst estimate of $0.65. Revenue for the quarter came in at $315.46 million versus the consensus estimate of $307.47 million.

• Q1 revenue was $315.5 million, above the guidance midpoint of $310 million
• Q1 GAAP EPS from continuing operations was $0.48
• Q1 Non-GAAP EPS was $0.91, above the guidance midpoint of $0.70

Yuval Wasserman, president and CEO, stated, “In the midst of a global pandemic and constrained economic activity, our team executed well to deliver strong results across all our financial metrics while preserving the health and safety of our employees and meeting our customers’ needs.”

GUIDANCE:

Advanced Energy Industries sees Q2 2020 EPS of $0.50-$1.10, versus the consensus of $0.58. Advanced Energy Industries sees Q2 2020 revenue of $285-345 million, versus the consensus of $305 million.

For earnings history and earnings-related data on Advanced Energy Industries (AEIS) click here.

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