Advanced Energy Industries (AEIS) Tops Q3 EPS by 50c, Offers Guidance

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Go back to Advanced Energy Industries (AEIS) Tops Q3 EPS by 50c, Offers Guidance

Advanced Energy Announces Third Quarter 2020 Results

November 5, 2020 8:00 AM EST

Q3 revenue was a record $390 million, above the guidance range of $325 million to $375 million Q3 GAAP EPS from continuing operations was $1.18 Q3 Non-GAAP EPS was also a record at $1.66, above the guidance range of $0.90 to $1.40

DENVER--(BUSINESS WIRE)-- Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced financial results for the third quarter ended September 30, 2020.

This was an exceptional quarter for Advanced Energy with record revenue, earnings, and cash flow generation, driven by solid demand across our market verticals and strong execution... More