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

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

Advanced Energy Announces First Quarter 2020 Results

May 6, 2020 7:50 AM EDT

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

DENVER--(BUSINESS WIRE)-- Advanced Energy Industries, Inc. (Nasdaq: AEIS), today announced financial results for the first quarter ended March 31, 2020.

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... More